1.Best Purchase Markets for Millennial Homebuyers
“First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas – particularly in the Midwest and West – are well positioned to see increases in home-buying from the Millennial generation in upcoming years, according to new research by the National Association of Realtors®.”
2.Dollar Rises to Highest in Month as U.S. Outperforms
“A gauge of the dollar rose to the highest level in a more than month amid signs the U.S. economy, beset by years of sluggish growth, is outperforming its major peers. ”
3.Vegas real estate: Sin City emerging from distress
“The Las Vegas housing market is in transition, from a situation where investors were swooping up distressed properties to a market of more traditional, owner-occupant sales. ”
4.How High Debt From The Housing Collapse Still Stifles Our Economy
“Foreclosure, foreclosure, foreclosure. Real estate broker John Susani drives down a Paterson, N.J., street where every third house seems to be abandoned or boarded up. During the boom years, money flooded into Paterson.”
5.How big cities that restrict new housing harm the economy
“For the last couple of years, San Francisco has been erupting with periodic protests aimed, rather imprecisely, at a nexus of grievances related to gentrification, affordable housing, transportation, the tech industry, newcomers to the city, its changing skyline and Silicon Valley to the south. The city is screaming, although at what its protestors seem a little confused.”
6.Home sales slump
“Home builders got hammered last month. What’s ailing the housing market? ”