Demand is Outstripping Supply in Multifamily Housing

Let’s go with the bottom line first: Supply is not keeping up with demand for housing in almost all parts of the country. In the 12 months ending May 2014, the U.S. issued building permits (both single and multifamily) for 940,031 total dwelling units. These consisted of 566,983 singe family units, 23,924 dwelling units in …Read more

The more things change, the more they are the same

In the 1800s, Alphonse Karr penned the phrase: “The more things change, the more they are the same.” While it is difficult to imagine a time where the pace of change was not continuously accelerating, the basic tenets of success seem to remain eerily consistent. The economy has not performed as well as was predicted …Read more

CFPB for Consumers

The Consumer Financial Protection Bureau (CFPB) has a stated mission to “make markets for consumer financial products and services work for Americans.” On the mortgage side, this includes helping consumers better understand their options as they search for real estate loans. With this mission in mind, it’s important for lenders and real estate professionals to …Read more

Another Top-10 List — Fastest Growing Jobs in America

Jobs are everything to the economy and to the demand for real estate. Within the economy, however, some jobs face an outlook for increased demand while others portend a decline. Two extremes include the almost disappearance of the travel agent industry with the other end of the spectrum being the explosive growth of Web site …Read more

New Home Prices by State and Metro — Thanks NAHB

Up until now, while there was a source for median home prices of existing home sales across the metropolitan statistical areas (MSAs) — the National Association of Realtors®, we were flying blind when it came to new home prices. That has all now changed thanks to the National Association of Homebuilders (NAHB) as they have …Read more