Tuesday , 28 July 2015
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Market Analysis

Home Prices are now only 6.5 Percent below Peak

peak

  In terms of national averages, the recovery has raised prices within a hair of their highest peaks reached during the boom nearly ten years ago, but on a market-by-market basis, median prices in fewer than half of the nation’s larger markets have fully rebounded from the housing crash. At $251,000, US home prices are now just 6.5 percent off ... Read More »

Sellers are Pocketing their Biggest Profits since the Peak

Greedy Business Partners

Single family home and condo sellers in the first half of 2015 sold for more above their purchase price in the first half of this year than any time since prices were at the peak of the boom. Homes sold for an average of 13 percent above their original purchase prices, the highest average percentage in home price gains realized ... Read More »

Rising Rents Hit 47-Month High, June Occupancy Matches Record

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The rental market set new records in June as the national annual effective rent growth rate reached 5.1%, a 47-month high for the national apartment market and continued a streak of 5.0%-plus rent growth that is the longest in at least six years, according to Axiometrics,. Though effective rent growth was also 5.1% in April and February, the June rate ... Read More »

Strong Dollar Doesn’t Deter Foreign Residents

asian buyes

Sales to foreign investors interested in single family rentals are down, largely to a strengthening dollar, but foreign nationals living in the US are participating in the spring boomlet. The National Association of Realtors reports that the number of U.S. homebuyers who identified as international dropped to 2.0 percent during the first four months of 2015 from 2.5 percent a ... Read More »

Denver and Texas Markets Rate Best for Rentals

denver

Investors have to hunt harder for well-priced acquisitions these days but the best rents can be found in the nation’s top  for-sale markets, according to new quarterly data from HomeVestors and Local Market Monitor.  “For the last few years, investors have been able to find real estate bargains they could turn into rental properties. That period is pretty much over ... Read More »

Is Clear Capital a Voice in the Wilderness or a Skunk at the Picnic?

wilderness

  With annualized sales and price appreciation reports blowing away the early forecasts for 2015 and putting smiles on the faces of professionals and real estate consumers alike, is there reason to worry that there’s a major downturn lurking around the corner? Clear Capital’s vice president of research and analytics Alex Villacorta, a fearless contrarian who called Florida’s investor-driven recovery ... Read More »

Tight Credit Squeezes Older First-time Buyers More than Millennials

middle aged

  Contrary to the popular belief that Millennials should wait until their late thirties to buy a home, new research from the Center for Real Estate Analytics at the Atlanta Federal Reserve Bank.suggests that purchases by Millennials are peaking at an earlier age than their older siblings because mortgage credit has actually became tighter for older first-time buyers than for ... Read More »

Five Reasons to Love the Apartment Glut

crowded apartnents

Drive by any commuter route or transit hub in a major metro today and chances are you’ll see forests of construction cranes building apartments.  America is in the middle of the biggest apartment construction boom in 25 years, a boom so big that it will change the dynamics of real estate markets coast to coast. Every trend has its end. ... Read More »

Renters Double Up to Make it Through the Night

Laurel-and-Hardy-006

  With rents rising faster than home values and vacancy rates falling to the lowest levels of the post-Bubble era, something has got to give. In his presentation, “The Rent’s Too Damn High”, at the National Association of Real Estate Editors’ annual meeting, Zillow’s chief economist, Stan Humphries, put the rental crisis in a context everyone who has shared a ... Read More »

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