Category Archives: Residential

May 2016 Existing Home Sales Most Since February 2007

May 2016 existing home sales were up 4.5 percent from a year ago and up 1.8 percent sequentially from April 2016 to 5.53 million units on a seasonally adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR). This was the most sales on a SAAR seen since February 2007. Median price rose …Read more

Another Top-10 List — Best Housing Markets for Millennials

Millennials today make up the largest population cohort ever recorded in U.S., with an estimated 83 million in the 18 to 34 year old range. While many industry observers note that Millennials are not becoming homebuyers as did past generations, they also need to consider than their largest age group within Millennials is 24 years …Read more

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 — 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