Inventory has been increasing for the number of homes on the MLS. Sales have slowed a little here in Central Florida so the slight decrese in prices in not seasonal.
Gene Hoffman
WASHINGTON (AP) — The number of Americans who signed contracts to buy
homes fell for the eighth straight month in February, a sign of slow
real estate sales over the next few months.
The National Association of Realtors says its seasonally adjusted
pending home sales index dropped 0.8% to 93.9. The index has fallen
10.5% over the past 12 months.
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Showing posts with label Builders. Show all posts
Showing posts with label Builders. Show all posts
Thursday, March 27, 2014
Wednesday, February 12, 2014
Housing market pits younger buyers against older homeowners flush with equity by Wall Street Journal
Housing sales will continue in 2014 much like sales were in 2013 with one difference. First time home buyers are through. Cash buyers will make up a larger portion of the market.
GeneHoffman
HOUSTON, Feb. 11, 2014 /PRNewswire/ -- While rising home prices are leaving older homeowners flush with increased equity so they can buy new or second homes -- increasingly outright with cash -- younger people are finding it more difficult to buy into the American dream of homeownership with price tags that outpace their income growth, according to the latest BBVA Compass research.
"For these prospective homebuyers, home prices have risen faster than their incomes during the recovery," BBVA Compass economist Jason Frederick wrote in his 2014 housing outlook. "Currently, home prices are now on the high end of a historical relationship between median home prices and median family income, and young families will need to see faster income growth and save additional money to make a larger down payment."
Read More ...
GeneHoffman
HOUSTON, Feb. 11, 2014 /PRNewswire/ -- While rising home prices are leaving older homeowners flush with increased equity so they can buy new or second homes -- increasingly outright with cash -- younger people are finding it more difficult to buy into the American dream of homeownership with price tags that outpace their income growth, according to the latest BBVA Compass research.
"For these prospective homebuyers, home prices have risen faster than their incomes during the recovery," BBVA Compass economist Jason Frederick wrote in his 2014 housing outlook. "Currently, home prices are now on the high end of a historical relationship between median home prices and median family income, and young families will need to see faster income growth and save additional money to make a larger down payment."
Read More ...
Wednesday, January 22, 2014
Built-to-Rent New Homes on the Rise by Daily Real Estate News
Thousands of single-family homes are being built to rent rather than
sell, The New York Times reports. More home builders and investors see
it as an income-generating investment at a time when the pool of
first-time home buyers is shrinking.
The percentage of homes built specifically as rentals was 6.2 percent in 2012 — a record high, according to Census Bureau figures.
For example, in the Atlanta area, a five-bedroom, three-bathroom new home that may have sold for less than $200,000 can fetch $1,300 a month in rent.
“New homes still command a premium with renters,” the Times reports.
Read More ...
The percentage of homes built specifically as rentals was 6.2 percent in 2012 — a record high, according to Census Bureau figures.
For example, in the Atlanta area, a five-bedroom, three-bathroom new home that may have sold for less than $200,000 can fetch $1,300 a month in rent.
“New homes still command a premium with renters,” the Times reports.
Read More ...
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