Category Archives: Jones on Real Estate

Another Top-10 List — Best Markets for 1st Time Homebuyers, and Worst

Earlier this week, HousingWire had an article telling first-time homebuyers (Millennials) in Dallas, Texas that they should just adjust to being renters since land and development costs make a sub $200,000 new home almost impossible. To read the article click http://www.housingwire.com/articles/36878-hey-dallas-millennials-better-get-used-to-renting As I have written in the past, home builders continue to face three headwinds …Read more

Another Top-10 List — Best Small Towns to Visit in 2016

There has always been a quaintness of small towns that still are different from the cookie-cutter franchised-cluttered enclaves of so many locales today. We still flock to them in high season, but often low-season is even better because so few people are there. And It costs less. Sometimes one-half as much. I can remember going …Read more

Another Top-10 List — 2016 U.S. Boom Towns

Regardless how good or bad the U.S. economy is, at any point in time some markets are hot and others are not. Even within a city, some neighborhoods are hot and others not. Jobs are everything. Period. As jobs increase, likewise does construction and household formation rates. To define the hottest markets in the country, …Read more

March Existing Home Sales Up 1.5 Percent Year-Over-Year and Up 5.1 Percent Sequentially from February — Median Price Up 5.7 Percent from a Year Ago

March 2016 existing home sales rose 1.5 percent year-over-year on a seasonally adjusted annualized rate (SAAR) of 5.33 million, which was also up 5.1 percent sequentially from February per the National Association of Realtors® (NAR). The median price of $222,700 (for all property types) in March 2016 was up 5.7 percent versus March 2015. From …Read more

Tax Freedom Day 2016

Once again on April 24th we notched Tax Freedom Day® for 2016, as defined by the Tax Foundation (a non-profit research group in Washington, D.C., analyzing and writing on essentially everything dealing with taxes of all types). This means that the typical taxpayer works 114 days each year just to pay all of their taxes. …Read more