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Archive for the ‘housing’ category

With millenials quickly becoming the largest generation in the United States, they have begun to command more and more of the housing market. Naturally, this has lead to the question, “What do millenials want when it come to homeownership?” KTGY Group, a California based architecture and planning firm, conducted a survey of their millennial employees […]

RealtyTrac, one of the nation’s leading sources for comprehensive housing data, recently released a new study that shows that many renters may want to consider buying a home instead of continuing to pay steep rental costs. According to RealtyTrac’s Residential Rental Property Analysis, and as reported on by Realtor Mag, “The monthly payment on a […]

According to a survey from the National Association of Home Builders (NAHB), and as reported on by Realtor Mag, energy efficiency and bigger closets are gaining in popularity when it comes to desired features within new homes. The outdoor kitchen and two-story foyers are less of a selling point. Although fewer prospective buyers are looking […]

The United States has been experiencing a slowed growth rate in a majority of its metro areas, but a select few have actually significantly grown. In five metro areas the population grew by 10% or more from April 2010 to July 2014, repots 24/7 Wall St. Compare that to the country’s overall population growth, which […]

According to the American Express Spending & Saving Tracker, and as reported by Business Wire, “27.8 million Americans, or 12 percent of the population, plan to move this year,” which is a 4 percent decrease from last year’s findings. As a result of more people deciding to stay put, home improvements continue to take place […]

Return of the Bidding War

March 25th, 2015

Although the housing market is incredibly more balanced than it was during the housing bubble, bidding wars haven’t gone away. In fact, they are back in full force. As mentioned by BloombergView, “33 percent of all sales were at or above the asking price, a strong indication that more than one bidder was involved in […]

According to the recent release of National Association of REALTORS®’ Home Buyer and Seller Generational Trends Report 2015, Millennials are quickly moving out of their parent’s basements and into homes of their own. In fact, those 34 and younger made up 32 percent of all buyers in 2014 and 31 percent in 2013 – representing […]

Sales of newly built homes are “going gangbusters” this year, but sales of existing homes aren’t keeping up with that same pace, according to a new report by the Wall Street Journal. Why the discrepancy? One key reason may be that the inventory of existing homes listed for sale is low, according to the WSJ. […]

Here’s some welcome news for potential homebuyers: One new report shows that mortgages may be becoming easier to obtain, while separate research found that housing affordability is edging upward. First, the L.A. Times reports on The Mortgage Bankers Association’s latest credit availability index, a closely monitored measure that tracks the availability of mortgage credit. The index shows […]

Valentine’s Day is just around the corner, and Realtors recently looked into how relationship status affects the kind of homes people buy.  Married couples unsurprisingly top that list of homebuyers at 65 percent, with single females in a far second at 16 percent. While single females consider their neighborhood’s convenience to family and friends a […]

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