Millennials are going to be a big force in the housing industry in the years to come, but for homebuilders, they may be trouble. Columnist Jeff Reeve writes in The Wall Street Journal that homebuilders should be worried about millennials’ impact to their bottom line. The generation tends to have a personal taste for urban living and … Continue reading Why Builders Are Worried About Millennials DAILY REAL ESTATE NEWS | WEDNESDAY, JUNE 25, 2014
Month: June 2014
Home prices jump nearly 11% in April
by Les Christy CNN NEW YORK (CNNMoney) Home prices jumped nearly 11% in April , and are now up more than 22% from the bottom three years ago. Still, they are 18% below the peak set in July 2006, according to S&P/Case-Shiller. And price gains are slowing. "Although home prices rose in April, the annual … Continue reading Home prices jump nearly 11% in April
Douglas Elliman will pay to make all 9,000 of its listings ‘featured’ on Zillow Brokerage
by Paul Hagey staff writer for Inman news Jun 24, 2014 Douglas Elliman Real Estate, the U.S.’s fourth-largest brokerage, will begin marketing its more than 9,000 listings on Zillow this week. Under the marketing partnership, the New York City-based firm’s listings will show up as “featured listings” on Zillow, pushing them to the top of search … Continue reading Douglas Elliman will pay to make all 9,000 of its listings ‘featured’ on Zillow Brokerage
Why bitcoin may turn out to be more than a fad and have a significant impact on real estate Published June 6, 2014 | By ListedBY The below article was an interview that was posted by Inman News (Reference)
Ray Sturm is the co-founder of RealtyShares, a company that allows accredited investors to crowdfund real estate transactions. The company is also one of the first in the real estate space to accept bitcoin as a currency for purchases. Bitcoin is a virtual “cryptocurrency” that has its own valuation and exchanges. Tech pundits have debated … Continue reading Why bitcoin may turn out to be more than a fad and have a significant impact on real estate Published June 6, 2014 | By ListedBY The below article was an interview that was posted by Inman News (Reference)
Bitcoin worth $9M buried in garbage dump
By Virginia Harrison November 29, 2013 A hard drive containing about $9 million in bitcoin is trapped under mounds of trash at a landfill site like this one in the U.K. LONDON (CNNMoney) Hoarders everywhere may be feeling smug after a British man threw a hard drive containing more than $9 million in bitcoin into … Continue reading Bitcoin worth $9M buried in garbage dump
What your paycheck will buy in 27 cities
How much do you need to earn in order to afford the principal and interest payments on a median-priced home in your metro area? HSH.com crunched the numbers. Metro area Median home price Annual salary you need to buy Cleveland $102,100 $29,800 Pittsburgh $120,000 $30,200 St Louis $120,500 $31,300 Cincinnati $121,700 $31,900 Detroit $110,750 $32,300 … Continue reading What your paycheck will buy in 27 cities
Bank Foreclosures Listed Far Below Regional Selling Prices
RealtyStore, a provider of a broad variety of real estate listings, recently released a report outlining average selling prices for bank foreclosures. The company found the median price of bank foreclosures for sale in six select states list at an average of nearly 50 percent below recent median existing-home sale prices. The states—Maryland, Massachusetts, Mississippi, … Continue reading Bank Foreclosures Listed Far Below Regional Selling Prices
Mortgage rates hit a 2014 low
By Les Christie May 2014 CNN Mortgage interest rates hit their lowest levels for 2014 this week. The average interest charged to borrowers for a 30-year, fixed rate loan fell to 4.21% from 4.29% last week, according to Freddie Mac's weekly mortgage rate report. Rates have not been this low since the week of November … Continue reading Mortgage rates hit a 2014 low
Millennials squeezed out of buying a home By Les Christie CNN Money June 2014
NEW YORK (CNNMoney) The Millennial generation is great at many things: texting, social media, selfies. But buying a home? Not so much. Just 36% of Americans under the age of 35own a home,according to the Census Bureau. That's down from 42% in 2007 and the lowest level since 1982, when the agency began tracking homeownership … Continue reading Millennials squeezed out of buying a home By Les Christie CNN Money June 2014
America’s homes are bigger than ever
By Les Christie @CNNMoney June 4, 2014: 6:22 PM ET NEW YORK (CNNMoney) America's biggest homes are getting even bigger. The average size of homes built last year hit 2,600 square feet, an all-time high that surpassed even the housing bubble years, when homes averaged around 2,400 square feet, according to the Census Bureau. But … Continue reading America’s homes are bigger than ever
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