Category Archives: Residential

Another Top-10 List — Cities With the Greatest Delivery of New Multifamily Units in 2015

Rental housing remains hot, from single family to apartments, driven by still stringent lending, increasing job numbers and failure thus far to ignite in the formation of new households. Apartments, however, make up the largest segment amongst new construction deliveries built to rent in 2015. MPF Research examined and analyzed expected new deliveries of multifamily …Read more

September Existing Home Sales Hit the High-Water Mark of 2014 at 5.17 Million on an Annualized Basis — Median Price Up 5.6 Percent Year-Over-Year to $209,700

September existing home sales rose to the highest level seen thus far in 2014, reaching a seasonally adjusted annualized rate (SAAR) of 5.17 million according to the National Association of Realtors (NAR). While sales rose 2.4 percent sequentially from August, they were 1.7 percent less than the 5.26 million SAAR seen a year ago. The …Read more

Insights Into Renters — 2014

As the homeownership rate has eroded from almost 70 percent a few years ago into the 64 percent range today, the number of renters has surged. That has placed substantial demand on the existing stock of rental housing, conversion of tens-of-thousands of formerly owner-occupied properties to renter status, and stimulated an explosion in new rental …Read more

August 2014 Existing Home Sales – Dipping 1.8 Percent Sequentially from July and Down 5.3 Percent Year-Over-Year from August 2013 — Not Necessarily Bad News

Sales of existing homes in August were on track at a seasonally adjusted annualized rate (SAAR) of 5.05 million homes, down 1.8 percent from July 2014 and off 5.3 percent from August 2013 according to the National Association of Realtors® (NAR). Median home prices rose 4.82 percent to $219,800 in August 2014 versus a year …Read more

Another Top-10 List — Metros With the Greatest Percentage Increase in Seniors 55 and Up in the Next Five Years

As the U.S. ages, demands for many items from medicines to housing change. While some intend to age in place, others look to relocating to locales that are perceived more desirable due to factors such as weather, recreation, access to medical, culture or a myriad of other variables. Realtor.com analyzed Nielsen Demographics data to forecast …Read more

Think Globally, Sell Locally

If you read articles from Dr. Ted C. Jones (and if you don’t, I highly suggest you start to), you know the economy is “all about jobs,” with Dr. Jones ending nearly every article with “jobs are everything to an economy.” However, there are pockets – such as Manhattan – where U.S. unemployment rates are …Read more