Market & Trends
The world of real estate investing moves quickly. Catch the must-know news, market information, and trends for the industry here.
Back To: All Topics
Market & Trends
The world of real estate investing moves quickly. Catch the must-know news, market information, and trends for the industry here.
Back To: All Topics
New York City may be Entering a Buyer’s Market
When people think of New York City real estate, they think of prices that start astronomically and head northward indefinitely. However, a new report from Warburg Realty indicates the NYC housing market has moved—“beyond any doubt”—into a buyer's market. Warburg's Founder and CEO Frederick Peters cited offers as low as ...
Mortgage Rates Hit 7-Year High
Last week, the Federal Reserve announced it would raise its benchmark interest rate by a quarter point. In response, the 30-year fixed mortgage rate jumped to 4.72 percent, the highest since 2011. This is up from 4.65 percent prior to the Fed’s announcement. According to Sam Khater, Chief Economist for ...
Think Realty Magazine October 2018
+ WHAT'S INSIDE Think Realty | News & Events •Sherwin-Williams 2019 Colormix® Color Forecast Special Section: Transformation | Renovation Rockstar: Beach Airbnb •“Flipping” Between Short- and Long-Term Rental Strategy • Riding the Real Estate Roller Coaster • 3 Ways to Use Neutral Colors and Still Stand Out • How a ...
Fewer Home Sales Closed in August
It's been eight months in which pending home sales volumes have fallen, reports the National Association of Realtors (NAR). This may be a sign more buyers are being priced out of the market, NAR warned. The western United States had the largest declines—the region in which home prices have risen ...
Two Most Common Exterior Materials for New Homes
New homes in the United States most commonly use vinyl and stucco siding on their exteriors. According to the Census Bureau’s Survey of Construction, 27 percent of new homes in 2017 had vinyl siding, and 25 percent of homes had stucco siding. Brick and brick veneer followed with 21 percent, ...
Hurricane Florence Highlights Homeowners Without Flood Insurance
Hurricane Florence is estimated to have caused between $38 billion and $50 billion in total economic losses. Flood insurance is not part of a standard homeowner’s insurance policy, although many people assume coverage. Most homeowners who take out flood insurance do so through the National Flood Insurance Program (NFIP). Unfortunately, ...
Market Trend Spotlight: 3 Indicators of Effective Community Revitalization
As the third quarter of 2018 begins, both national and local housing markets are still experiencing pinched inventory. That is good news for today’s sellers and rental investors, who hope to garner top dollar in tight markets for both retail sales and rental properties, but it makes the classic real ...
Homeowners Own $6 Trillion in Tappable Equity
Headlines are full of warnings about the housing market cooling, but homeowners are not necessarily heading for a world of pain this market correction. According to Black Knight, U.S. homeowners with mortgages currently hold about $6 trillion in "tappable” home equity. Tappable equity is the most money a homeowner could ...
Increased Listings May Stabilize the Market Sooner Than Expected
As media headlines speculate about the possibility of a housing market correction in the next 24 months, buyers and sellers are adjusting their perspectives. Existing home sales are down slightly over a year ago, indicating the market is shifting from a seller's market, and into a buyer's market. According to ...
Agents Credit Social Media for Highest Number of Quality Leads
Real estate agents are reporting their best leads come from social media. In fact, they cited leads from social media as being better quality and coming in higher volumes than other leads. Other leads include MLS sites, brokerage sites, and listing aggregators. This information was recently released by the National Association ...
Think Realty announces 2018 Think Realty Honors winners
Think Realty announces its 2018 Think Realty Honors winners. The winners are peer-nominated investors who excel within their industry niche. This year, over two hundred unique nominations were submitted. Finalists were selected by an independent panel of prior Think Realty Honors recipients, and winners by a panel of Think Realty ...
5 Hottest ZIP Codes for Millennial Living
Millennials remain the largest single home-buying population in the country, and rising home prices are not removing their determination to live – be it by purchase or rent – in urban areas. According to information from the U.S. Census Bureau as analyzed by RentCafé, “millennials are still showing a strong preference ...
Bucking Concerns, Construction Expert Says Marriage Delays Will Help Housing Market
As more Americans delay marriage, housing analysts are concerned that delays in matrimony might postpone homeownership, thereby hurting the new-construction sector. Women are now on average waiting until after reaching 27 to get married, and the average man is getting hitched at 30, according to the U.S. Census Bureau. And ...
New Data Reveals Region with Oldest Owner-Occupied Homes
Most owner-occupied homes are less than four decades old, even if the owners themselves are older. But in certain areas in the Northeast, median owner-occupied ages are much higher than other U.S. regions, according to new data from the National Association of Home Builders. For example, Johnston, Pennsylvania, has a ...
‘First Wave’ of Hurricane Florence Damage Could Cost $5 Billion
Hurricane Florence just began dumping water on the Carolinas when CoreLogic released data indicating the staggering value of possible property damage in the affected regions. The first wave alone could cause as much as $5 billion in damages to property, according to the consumer, financial and property analytics firm. Corelogic ...
Homebuyers’ Behavior Shifts as ‘Stressors’ Disturb the Buying Process
A decade ago, homebuyers tended to pick out their dream home and then look into financing. But these days, the buying process has significantly changed. The vast majority of buyers have flipped that process. Now about 74 percent of house shoppers are looking at their financing options first, then picking a ...
Report: Homes Listed in July Sold in Less Than Four Weeks
Homes listed in late June and early July were likely sold before August, according to a recent report from the National Association of Realtors. The NAT reported that properties typically remained on market for 27 days, which was only one day longer than was reported for June. The information — ...
Study: Equity Growth in Minority Neighborhoods Continues to Surge
Neighborhoods predominantly populated by minority families are substantially growing in home equity — a trend that’s now reaching into its sixth year. Predominantly minority neighborhoods posted large percentage gains each year from 2012 to 2018, according to a new Redfin study. The gains were, in fact, larger than mostly non-minority neighborhoods during ...
What Does Hurricane Florence Mean for Investors in the Carolinas?
Most of the U.S. experienced significant declines in serious mortgage delinquency rates this summer. A serious delinquency — one that extends more than 90 days — is a sign of significant distress on the part of the homeowner and, as such, is a strong indicator for the health of a ...
Sellers with Children Usually More Motivated to Sell
About one in every four home-sellers with children describe their need to sell as “very urgent.” This is compared to about one in seven homeowners without children at home. According to a new survey from the National Association of Realtors (NAR), homeowners with children under 18 have very different real estate ...
FHA Loans Shifting Toward Lower-Credit Approvals
Underwriting standards appear to be loosening for FHA loans according to a new report from credit developer FICO. The report indicated that borrowers with FICO scores dipping down into the 400s rose from 21.9% in 2009 to 29.7% in 2017. The FICO score is one of the standard measures of ...
Home Flipping Rates Plunge During Q2 of 2018
Home flipping in the United States hit a four-year low during the second quarter of 2018 according to ATTOM Data Solutions. About one in 20 home sales transacted from April to June of 2018 was a flip—down slightly from last year. ATTOM Data defines a “flip” as a property that ...
Hurricane Florence Approaches Southeastern U.S.
The National Hurricane Center is warning that Hurricane Florence, a Category 4 storm off the East Coast of the United States, will hit the Southeastern U.S. late this week. Although forecasters predict the hurricane will hit North Carolina first, its tail includes parts of Virginia, South Carolina, and Georgia. While ...
Rising Home Prices May be Discouraging California Buyers
Rising home prices and higher interest rates may be discouraging housing activity in California markets. Although median home prices in Southern California still rose nearly 6% in July, this was the weakest annual growth in 18 months. While prices are still much higher this year than last, there is an ...
As the resident expert on foreclosure statistics and trends at real estate data giant ATTOM Data Solutions, Daren Blomquist, the company’s senior vice president for communications, spends a lot of time focused on trends. “I’m always looking for indicators about where the housing market is going,” he said. “Sometimes I’m ...
