Existing home sales, though up 1.6 percent from a year ago, stuttered in April 2017, dipping sequentially from 5.70 million in March 2017 on a seasonally adjusted annualized rate (SAAR) to 5.57 million according to the National Association of Realtors® (NAR). The first graph shows the monthly median price and the total number of home …Read more
There are probably new signs going up at the entrances to 10 cities across the U.S. in the next few weeks — those identified by the U.S. Census Bureau as the fastest growing cities in America for the 12-months ending July 1, 2016. This analysis included all cities having a population of 50,000 or more …Read more
While some markets pay more than others, the higher pay may be more than consumed by a greater cost of living. Once again I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market. Nor is there such a thing as typical income and cost of living. To identify …Read more
As Millennials move in to first-time buyer-starter homes, the existing occupants need to move up to move out. In some markets that is easier than others. In many locales that will be challenging given the huge price gap between starter and move-up homes and relative wages. Starter homes in some markets are almost non-existent – …Read more
Jobs are everything to an economy. Period. Economies do not grow without additional jobs. Just like the weather every day, job growth (or loss) varies from one place to another. Some markets, however, consistently perform better than others and some are worse. Once again I invoke the invoke the TINSTAANREM axiom — There Is No …Read more
Owning a home remains the American dream for most people. A recent study by the New York Federal Reserve found that 72.3 percent of renters either Preferred or Strongly Preferred to be homeowners. Depending on what an individual earns can slow or expedite the path to homeownership given the potential or lack-there-of for savings for …Read more
While there are markets that pay more than others to workers, many of those same markets have greater living expenses – with the largest being rent. Once again I invoke the invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market. Nor is there such a thing as a …Read more
Stewart will be partnering with HGTV’s Property Brothers on the new season of Brother vs. Brother, premiering May 31. The episode was taped in Galveston, Texas, and Stewart’s West End Office performed the home closing transactions for two of the waterfront homes featured in the show.
Technology is constantly advancing and changing the way consumers, real estate professionals and lenders are thinking about real estate and the choices in the marketplace. There are incredible opportunities for title companies and closing attorneys to innovate and market the choice of a digital closing experience, in addition to the traditional table closing experience, to lead this change into the future.
Some metros across the U.S. have greater levels of still-at-home kids who often are now adults. Where, however, are the markets with the most empty nesters?