Real Estate News 5.20.14

1.’I’m too afraid to sell my home’
“In hot real estate markets all over the country, homeowners are feeling stuck: They know they can get top dollar if they sell their home, but fear they will have no place to go if they leave.”

2.Appraisers are drawing less criticism from real estate agents
“Not long ago they were the punching bags of American real estate, accused of rank incompetence, wrecking home sales and failing to pick up on signs of the housing turnaround.”

3.Your kids decide when you buy a home 

” As it turns out, it’s likely your kids are the ones pulling the strings. That’s according to survey results from Coldwell Banker Real Estate, released on Tuesday, which found that 79% of Millennial parents (between the ages of 18 and 34) and 70% of Generation X parents (between the ages of 35 and 49) make major purchasing decisions around their children. Moreover, 67% of Millennial parents and 64% of Gen X parents said they were more concerned about the immediate impact of a move on the emotional well-being of their children than whether moving was a good decision in the long run, according to the survey of 2,000 U.S. parents. “

4.Multi-Family Real Estate Forecast: 2014-2020
“Multi-family housing construction is doing surprisingly well recently. Over the long run, housing units in buildings with five or more housing units comprise about 25 percent of all housing units constructed. So far in 2014, the figure is 35 percent. Why is multi-family so popular now?”

5.Real Estate Q&A: Are Condo Hotels A Good Investment?
“Salomon A. of South FL asks: I inherited a condo-hotel property and am trying to figure out if we should sell it and invest elsewhere, or wait for more rental income. So far, our net yield is around 2 percent. Do condo-hotel properties behave like other real estate investments in terms of appreciation?”

6.Summer buying season in bloom
“The summer home buying season is in bloom and a troubling trend might be taking shape.”

7.Why America’s Most Affordable Homes Likely Aren’t for Sale
“The affordable homes most likely to be sought after by first-time homebuyers are also those most likely to be kept off the market because their current owners are in negative equity, or underwater. Underwater homeowners — those who owe more on their mortgages than their homes are worth — have a very difficult time listing and selling their homes, even if they want to, without engaging in a short sale or dipping into their savings.”

8.Nearly One-Third of Americans Live in Counties Where One in Five Homeowners is Underwater: Heat Map
“A high percentage of homes with negative equity, or underwater, is a lingering legacy from the recent housing and foreclosure crisis. Although these underwater homes are not as direct of a threat to the housing market as foreclosures, they are hobbling the housing recovery by preventing many homeowners (17 percent of all homeowners with a mortgage nationwide) from participating in the market.”

TonyAlvarez.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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