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NAR: Nantucket and Martha’s Vineyard have largest share of vacation properties Oct. 11th 2019
Prices for vacation homes are rising faster than the rest of the market, the National Association of Realtors said in a report on Thursday. The median sales price rose 36% from 2013 to 2018. The report also listed the top 26 vacation home areas. Massachusetts snagged the top two spots.
These are the nation’s top emerging technology hubs Oct. 10th 2019
The West Coast is home to some of America’s most prominent tech hubs like San Francisco and Silicon Valley, which both serve as headquarters for industry leaders like Amazon, Google and Apple. While tech hubs tend to boast a plethora of available jobs for software engineers, Real estate brokerage company Redfin claims that sky-high housing costs make these metros relatively unaffordable for the average tech employee. Find out which tech hubs the company considers the most affordable markets for the nation’s tech employees.
Zeus Living launches in New York Oct. 09th 2019
As homebuyers are seemingly being priced out of coastal cities, one company is launching in those areas with a solution geared toward professionals. Zeus Living launched in New York this week and offers furnished homes available for extended stays of 30 days or longer.
Redfin: Bidding wars rebound from August’s 8-year low Oct. 09th 2019
As the nation’s low interest rates continue to drive purchasing demand, a report from Redfin indicates America’s bidding competition strengthened in September. According to the company, 11% of purchasing offers made on its site faced a bidding war during the month. Although this a strong decline from last year’s rate of 41%, it’s still a slight increase from August’s eight-year low of 10%.
NAHB: Single-family home starts rose 4% in 2018 Oct. 08th 2019
Analysis from the National Association of Home Builders shows that were 881,076 new single-family houses units started in 2018, a 4% increase over 2017. The report shows that last year saw twice as many units started as they were in 2011, but last year was still 49% less than the peak of 2007, when there were 1,731,171 units started.
Quicken Loans: Home values had the biggest monthly jump in 5 years Oct. 08th 2019
It looks like homeowners are beginning to see the true value of their homes. As home values made a jump this month, the average home appraisal in September was 0.49% lower than what homeowners expected it to be that month.
Is the housing market heading toward an inventory downturn? Oct. 08th 2019
The U.S. inventory of homes for sale continued to decline in September, signaling the market may be heading toward an overall shortage, according to a Realtor.com report.
FTC claims house flipping seminars featuring HGTV stars are total scams Oct. 04th 2019
Did you ever think those celebrity-endorsed “get rich quick by using other people’s money to flip houses” real estate seminars seemed too good to be true? Well, it turns out you may have been right.
These housing markets boast the most affordable neighborhoods in the country Oct. 04th 2019
As home prices are projected to increase throughout the year, even climbing to 5.4% as early as 2020, housing affordability has become a concern for homeowners and homebuyers across the country. In order to gauge which markets offer potential buyers the most bang for their buck, Trulia conducted a study that identifies America’s most affordable neighborhoods. Find out which zip codes made the cut.
Miami luxury market is the fastest-growing in the nation Oct. 04th 2019
While this year hasn’t been so great for the luxury housing market, one city has seen a positive trend. According to Knight Frank Wealth Report, Miami placed No. 1 for the fastest-growing luxury real estate market in the U.S. It also ranked No. 5 among the fastest-growing luxury real estate markets in the world, following Madrid, Berlin, Paris, and Cape Town.