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Median home price in July at highest level since September 2008 new study says
Sales of properties in-foreclosure and cash sales were down from a year ago to multi-year lows while year-to-date U.S. home sales in 2015 are at an eight-year high, according to a new study from...
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New study says owning costs more than renting
By Erik Franks John Burns Real Estate Consulting In most areas of the country, homeownership costs more than renting. Many economists with calculators claim the opposite, but the calculations and...
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43 percent of single-family homes and condos in high-risk areas for natural...
With wildfires raging in the Northwest and hurricane season in full swing, the impact of natural disasters on residential housing and investment real estate has been top-of-mind in the last few weeks....
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Some facts real estate investors need to know about today’s changing homebuyer
By John Burns Real Estate Consulting Let me summarize for you some of the key findings from a National Association of Realtors ( NAR) report on homebuyer and seller generational trends. So often,...
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When is the best time of the year to buy – or sell – a home?
A new report from RealtyTrac.com uses some big real estate data that may help investors know the best — or worst — times to market their investment property on the retail market. As real estate...
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Intrinsic home values: Is your market over- or underpriced?
By John Burns Real Estate Consulting Is your market over- or underpriced? Below is a map of our over/underpriced conclusions today. We explain our methodology and the opportunities this creates below....
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Foreclosures down but bank-owned homes will continue to hit the market in the...
Foreclosure filings in August were down 12 percent from the previous month and down 6 percent from a year ago on a total of 109,561, according to a new study from RealtyTrac.com. The 6 percent...
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Mortgage credit standards are easing, according to new lender survey
Fannie Mae’s third quarter 2015 Mortgage Lender Sentiment Survey released this week shows that more lenders report easing of mortgage lending standards across all loan types, according to a release....
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Immigration changes mean surge in construction costs for homes
By John Burns Real Estate Consulting Homebuilders tend to assume construction costs will not rise, because even if they do go up, home price increases will cover the cost increases. This time might be...
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54 percent of home sales in metro areas on pace to reach eight-year high and...
Single-family home and condo sales through August were on pace for an eight-year high nationwide in 110 out of 204, or 54 percent, of metropolitan statistical areas with sufficient sales data,...
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Which is the bigger industry: new construction or remodeling?
By John Burns Real Estate Consulting Two questions: Which is a bigger industry: new construction or remodeling? How many $500 billion+ industries can say that they are almost certain to grow 30%, even...
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Buying a home is at its most affordable level in two years new study says
A new report shows buying a home was at the most affordable level in two years in the first quarter of 2015 despite the average U.S. home price increasing at more than twice the pace of the average...
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Incredible real estate price and value available to commuters
By John Burns Real Estate Consulting In my 26 years in the business, the price discount available to someone who is willing to commute has never been greater. As shown in the 6 maps below created by...
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Women and the future of housing decisions as I head to the Urban Land...
By John Burns Real Estate Consulting As I head to Urban Land Institute’s Fall Meeting, ready to present at four councils, I ponder the rise of women in the working world. The ULI Councils, which are...
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63 percent of the 1.5 million vacant homes in the U.S. owned free and clear...
Foreclosures overall have dropped in the past year and the number of vacant “zombie” foreclosures is down 43 percent from a year ago, with the exception of a few markets, a new study from...
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Rental housing crisis projected to grow with more households paying 50...
The number of households spending more than 50 percent of their income on rent is expected to rise at least 11 percent from 11.8 million to 13.1 million by 2025, according to a release of new research...
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Foreclosures rise in some states in the East as distressed properties finally...
A new report shows 327,258 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the third quarter of 2015, down 5 percent from the previous quarter...
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Fannie Mae index jumped last month, bringing the home sentiment indicator...
“The Home Price Sentiment Index returned near its record high this month, driven primarily by improvement in attitudes about selling a home and strengthening home prices,” Doug Duncan, senior vice...
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Increase in home sales means fewer underwater homes but number of “equity...
As of the end of the third quarter there were 6,917,673 U.S. residential properties seriously underwater — where the combined loan amount secured by the property is at least 25 percent higher than the...
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World Series real estate investing? New York vs. Kansas City housing...
By Alex Martinez Real Estate Consulting “Never let the fear of striking out get in your way” – Babe Ruth We thought it would be fun to combine our passions for real estate and sports by analyzing the...
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