Today’s News Synopsis: How will Coronavirus affect commercial real estate values? Following a month that saw the steepest drop, building confidence posted strong gains, having increased 7 points to 37 in May. Realtor.com gives an update on whether we are in a recession or depression and how each would affect the housing market. In The …
Today’s News Synopsis: Home sales will go down in 2020. According to the latest MBA Weekly Survey, mortgage applications increased 7.3% from last week. Meanwhile, builder confidence posted a historic decline. In The News: MarketWatch – “Fannie Mae: Home sales will decline by 15% in 2020 due to coronavirus, but what will happen to property prices?” …
Today’s News Synopsis: How far would you go for your pet? Rent appreciation increased at its fastest rate in three years in 2019. Builder confidence was strong this month, coming in at 74. In The News: Pawpulous – “Cat owners everywhere are building backyard ‘catios.’ This craze is real” (2-18-2020) “It’s no secret that pet owners …
Today’s News Synopsis: $100K listing in San Francisco. Finally some affordable real estate in San Francisco. The NAHB reported builder confidence in the 55+ housing market decreased four points t0 68 in the fourth quarter. The rental market has seen a shift in the kinds of people renting as more as richer, older, and in …
Today’s News Synopsis: Social media factors in Millennial home-buying decisions. Speaking of which, experts believe more Gen Zers will own homes than millennials. Foreclosure activity decreased by 10% month-over-month and 6% year-over-year in November. In The News: Zillow – “More Gen Zers Than Millennials Will Own Homes, Experts Say” (12-16-2019) “The oldest Millennials, who will turn …
Today’s News Synopsis: So you’re going to do that renovation yourself. Where are the most expensive zip codes in the U.S? The NAHB reported builder confidence continues to remain strong this month, having only decreased by one point to 70. In The News: Redfin – “If There’s a Recession, Will the Housing Market Crash?” (11-18-2019) “Amid …
Good News, Homeowners Insurance Will Cover That Damage! Read More »
Today’s News Synopsis: Gen Z is going to spend more on rent than any previous generation. Builder confidence was at 71 this month, it’s highest in 20 months according to NAHB. The Mortgage Bankers Association reported mortgage applications increased 0.5% from last week. In The News: NAHB – “Builder Confidence Hits 20-Month High” (10-16-2019) “Builder confidence …
Today’s News Synopsis: Are single-room rentals the future of low cohousing? New home purchase mortgage applications increased 33% last month according to the Mortgage Bankers Association. The NAHB reported builder confidence increased one point to 68 this month, putting it at a yearly high. In The News: NAHB – “Builder Confidence Hits Yearly High in September” …
PadSplit Says Single Rooms Are Ready For A Comeback Read More »
Today’s News Synopsis: What are the top colors for your home for 2020 and beyond? Mortgage rates are at their lowest on record with 30-year rates at 3.6% and 15-year rates at 3.07%. Home prices increased 3% in July with the 3% drop in supply. In The News: Mortgage Bankers Association – “July New Home Purchase …
Today’s News Synopsis: Not all square feet are created equal when it comes to your floor plan. NAHB reported builder confidence increased by one point to 65 for new single-family homes. Senior housing seems to be the market more investors are looking at. In The News: Forbes – “What’s The State Of Housing And The Economy …