Archive for the 'Housing Market' Category
Housing Trends And Predictions For 2019 and 2020
Is 2019 a good time to buy a home, sell a home, move up, or invest in real estate — or will you be better off parking your money elsewhere, whether that means buying a house in a different location or an investment in an entirely different industry? While no one knows exactly what will happen with home prices in 2019, if you have the right sources and know where to look, there is enough evidence to make a sound educated guess. Where will we see softening housing trends first, and which cities are still showing healthy growth? We examined all 381 metropolitan statistical areas (MSAs) in the US for local affordability (and change in affordability), housing market price growth, and the pace of housing market price growth to pinpoint where the housing market is slowing down.
Housing Market Predictions 2018 And 2019
Will the US housing market crash in 2020? Ask most investors what they think about the housing market today, and they will most likely cringe out of habit. The reality is that the US housing market in 2018 is making a recovery, a quick and expected one.
Before we get into why the US housing market is looking good as of right now, let’s remind ourselves how the housing market got such a bad rap in the first place, shall we?
As the twenty-first century came along, many people pounced on land as if it were going out of style. People snatched up acres upon acres of real estate, as is human nature, because you can never have too much of a good thing right?
Atlanta Real Estate Market
If you are looking to buy an investment property in the Atlanta Real Estate Market, it is only common that you are on a constant chase for the best neighborhoods to choose in the housing market of Atlanta, GA. You must also know about the Atlanta Real Estate Market Forecast, including its upsides and downsides. One of the investment properties that you can buy is a turnkey rental property, which is a completely practical option for new real estate investors who do not know how to fix and flip in real estate.
Owning a home has long been a key component of the American dream. However, with the considerable cost of housing on the rise, it can be hard to estimate the income needed to own a home in the U.S.
A new study from GOBankingRates found the minimum salary needed to afford a home is much steeper in some states than others.
The American real estate market could be headed for trouble. According to Reuters, the number of houses sold in the U.S. during December 2017 have come in at an all-time low.
Additionally, single-family homes fell 11.8% while multi-family home sales rose only 1.4%. This is especially problematic as 83% of homebuyers report a high demand for single-family homes. However, American economists say the decline is understandable what with rising mortgage rates and the grand majority of the public being fully employed.
Ten years ago we published Strategies to Navigate 5 Stages of the Housing Cycle. To commemorate the 10-year anniversary of those analyses, we are sharing the graphic we produce each month that shows where 33 major markets are positioned in that cycle.
Recent studies have found that saving for retirement has become a bit of a financial afterthought, as more Americans are actually saving for an upcoming vacation than they are for economic security in their golden years. In fact, a 2017 NerdWallet survey found that 56% of young women between the ages of 18 and 34 aren’t saving for retirement at all.
But having a lack of fiscal foresight isn’t limited to the young; a newly released Fannie Mae study has found there’s been an increase in set-to-retire Baby Boomers who have outstanding mortgage debts to worry about.
Online retail giant Amazon Inc. has received multiple offers of tax breaks as a part of the company’s national competition for Amazon’s second headquarters. According to Reuters, the HQ2 competition came to an end on Thursday, October 19, and will include up to 50,000 new jobs and a $5 billion investment for the winning city. Not only that, but housing prices in the chosen land are expected to rise considerably.
After Hurricane Irma, Florida residents who rent their homes are facing a variety of obstacles: paying rent for uninhabitable homes, difficulties getting refunds on rent deposits, and struggling to find new housing in a strained rental market.
The aging in place movement has prompted many seniors to look to the future and make changes so that they can remain in their homes and live full, uninterrupted lives. But even though the movement has allowed many seniors to have a better quality of life, it’s arguably had another unintentional effect: it may be having a negative impact on the U.S. housing market. And Millennials are taking the brunt of the blame.
Due to seasonal changes in demand, the housing market is difficult to pin down. And with today’s ever-changing political and economic climate, it’s even more exhausting trying to get a clear picture of what’s to come.
That being said, so far in 2017 one thing has been very clear: supply is low, demand is high.
According to Forbes, there are a few more facts we can ascertain based on past trends and new housing market research.
The combination of inflation and low mortgage rates usually leads to much higher compounded rates of home appreciation. For owners of property, high rates of inflation and appreciation are welcomed and appreciated. For buyers or tenants, however, the skyrocketing purchase and rental prices are not liked much at all.
Sweeping changes in the nation’s demographic makeup will have profound effects on the nation’s housing industry, according to “Big Shifts Ahead: Demographic Clarity for Businesses,” a new book by authors John Burns and Chris Porter.
They argue that broad demographic shifts will reshape housing in America in the next decade, creating new opportunities for businesses of all kinds. Rising numbers of female executives, affluent immigrants, growing numbers of younger and older workers and a ballooning retiree population will have a profound influence on residential real estate in the U.S. over the next 10 years, according to Burns and Porter.
Successful real estate investing relies on several factors, but as the old adage goes, “location, location, location” is top of the list. But “location” is a broad term, and evaluating the right place to invest your dollars in real estate means identifying the right market in both the macro and micro senses.
How will the real estate market be impacted by Donald Trump’s victory and Republicans controlling both chambers of Congress?
Though Mr. Trump is a real estate man, his policy platform has been largely vague on real estate proposals. Here are my thoughts on how certain real estate issues may play out under President Trump and of their potential impact to consumers.