Tag Archives: economy
Posted on 02. Dec, 2013 by Bryan Ives.
U.S. developers received approval in October to build apartments at the fastest pace in five years which could lead to economic growth. According to the Commerce Department, permits to build houses and apartments were approved at a seasonally adjusted annual rate of 1.034 million.
Posted on 12. Nov, 2013 by Bryan Ives.
According to a recent review of third quarter 2013 housing data by realtor.com, the housing recovery was led by a variety of cities from Detroit to Santa Barbara, CA. The survey ranked housing markets based on their inventory of available homes, average number of days that their properties are on the market and their median list prices.
Posted on 17. Oct, 2013 by Bryan Ives.
As a result of the government shutdown and Congress temporarily raising the debt ceiling consumer confidence in the housing market may be affected. According Fannie Mae’s recent outlook the housing recovery will only be briefly interrupted.
Posted on 16. Aug, 2013 by Tara Armbruster.
Across the country, the “rental rush” is starting to set in, and for the first time since the housing market bubble busted in 2008, home prices are at the highest ever. The housing prices are having an unintended effect on the rental market, which has led to a growth spark within the property management industry as a whole.
Posted on 15. Jul, 2013 by Leonard Baron.
When discussing real estate investments, we often hear people say the three most important words in real estate are location, location, location. And while “3L” properties may be some of the finest looking and most prestigious properties to own, the reality is that they are generally very poor investment choices. The reason is that the investment returns on these location properties are typically very low; and one should strive for better investment returns to compensate for the risk.
Posted on 07. Jun, 2013 by Bryan Ives.
According to the National Association of Realtors, 5 to 6 million new renter households will be created within the next 10 years. In this infographic, we take a look at why most renters are opting not to buy a home and why it’s currently a renter’s market.
Posted on 05. Jun, 2013 by Marc Courtenay.
Those of us who bought our homes towards the top of the last housing bubble (2003-2007) are relieved to hear that the average price for houses is climbing steadily in most regions of the U.S. Yet for many the cost of buying a house is still making it difficult or impossible to become homeowners. Even though interest rates are still at all-time lows, it’s still tough to qualify for a mortgage.
Posted on 08. May, 2013 by Bryan Ives.
Homeownership in the U.S. fell to a 17-year low in the first quarter while an increase of Americans opted to rent following the housing collapse. According to the Commerce Department, the seasonally adjusted homeownership rate fell to 65.2 percent, the lowest since the fourth quarter of 1995.
Posted on 19. Apr, 2013 by Marc Courtenay.
Single family housing rents rose once again in the first quarter of 2013. Yet signs are beginning to reveal themselves that the seemingly endless months of rising rents may be coming to an end. The reasons are numerous but the biggest is a marked increase in the supply of rental units.
Posted on 16. Apr, 2013 by Bryan Ives.
Housing starts in the U.S. jumped in March while multifamily projects reached a seven-year high. According to the Commerce Department, housing starts rose 7 percent to a 1.04 million annual rate, the most since June 2008.
Posted on 05. Apr, 2013 by Marc Courtenay.
Believe it or not the housing industry is making a stellar comeback. After a collapse in residential construction during The Great Recession which began in 2008, new home construction is leading the housing recovery. The Commerce Department reported on March 19, 2013 that housing starts rose in February to a seasonally adjusted annual rate of 917,000.
Posted on 13. Mar, 2013 by Marc Courtenay.
The home-buying market is on fire, especially for newly built houses. New home sales surged almost 29% in January compared to January 2012. This is the highest annual sales rate in four years according to figures released by the Commerce Department on Tuesday, Feb. 26th. Existing home sales also rose in January 2013 by 9.1%. Ironically, even though new houses (new construction) cost buyers approximately 37% more for the same square footage as previously owned houses, it’s the new homes that are selling at the hottest pace.
Posted on 30. Jan, 2013 by Marc Courtenay.
It seems like every month we’re reading or hearing about the resurgence in home sales and prices. I’m confident that in most regions of the country the bottom has been established for the housing market, yet it’s good to see more clues (data) that confirm that the housing bust is over for now.
Posted on 08. Jan, 2013 by Marc Courtenay.
An investor friend of mine called recently to ask if I could recommend some competent property managers in our area. Fortunately I knew of several so I gave him the names plus the pros and cons of each one (my way of being helpful and objective). In the course of our conversation he told me that mid-range houses were being snapped up by income-oriented investors the same day they were put on the market for sale.
Posted on 10. Dec, 2012 by Marc Courtenay.
On almost a daily basis I hear anecdotal reports of syndicated investors as well as rogue opportunists seeking to find bargain houses that they can buy, fix up and rent out. At the same time the number of Americans who can’t qualify for a mortgage or don’t have enough money for a down payment is on the rise.
Posted on 04. Dec, 2012 by Bryan Ives.
Homeowners facing foreclosure will not be evicted from their homes this holiday season announced Freddie Mac and Fannie Mae.
Posted on 29. Nov, 2012 by Bryan Ives.
2013 will be a “landlord’s market” for multifamily housing according to a forecast released Monday by the National Association of Realtors.
Posted on 09. Nov, 2012 by Marc Courtenay.
Is now a good time to buy a house? Yes, if you’re able to do so. For the third month in a row the price of the average house in most regions of the country moved higher, albeit not by an impressive amount. When it comes to the number of home sales, the picture didn’t look so bright last month.