FRIDAY - ANYTHING CAN HAPPEN
- Building Permits, Housing Starts Rise in June
- As more Americans buy homes, will it ease the strain on renters?
- Boomers Competing With Millennials for U.S. Urban Rental Housing
- How to buy a home in a seller’s market
- Is the US housing market the best story in the global economy right now?
- 8 Ways Colored Floors Can Boost Your Design
Building Permits, Housing Starts Rise in June - Building permits rose 7.4 percent in June to a seasonally adjusted annual rate of 1,343,000, according to the U.S. Census Bureau and the Dept. of Housing and Urban Development. The June rate was 30 percent above the June 2014 estimate of 1,033,000.
As more Americans buy homes, will it ease the strain on renters? - Last month the housing market experienced the fastest pace for home sales since February 2007, and prices continued to climb. However, due to shifting demographics and the lingering effects of the housing crash, more Americans are still renting than they have in decades. If more and more Americans take the leap and buy homes, it could finally ease the strain on renters, who, thanks to a combination of demographic and economic factors, are seeing their housing costs balloon and their ranks become more crowded than they have been in decades.
Boomers Competing With Millennials for U.S. Urban Rental Housing - The number of renters who are 65 or older will reach 12.2 million by 2030, more than double the level in 2010, according to research by the Urban Institute. However, if the supply of rental properties fails to keep up with demand, then younger people will be competing for housing with the burgeoning population of older Americans. Baby boomers are often looking to downsize, so they are expected to push up rents and spur construction of more multifamily housing. Research has found that adults in their 50s and 60s accounted for almost all of the net increase in multifamily occupancy from 2000 to 2013.
How to buy a home in a seller’s market - As more people look to jump into homeownership, they have to contend with fierce competition, limited choices, and the pressure to act quickly. Due to low inventory, homes are being snatched up within a matter of days in many areas. While more homes are being built, the pace is still not strong enough to meet demand, according to analysts. To improve one’s chances, it is advised that prospective buyers obtain a pre-approval letter in order to act quickly when they see a home they love. Find a knowledgeable broker who understands the competition and talk to your REALTOR® about adding an escalation clause to an offer.
Is the US housing market the best story in the global economy right now? - As global news is consumed with China’s stock marketissues, Europe’s crisis with Greece, and monetary problems in South America, the outlier for a clear and positive growth trend lies in the United States and its housing market. Housing is a long-time driver of consumption trends, and in an economy where consumption amounts to roughly two-thirds of GDP, it’s a good sign that the annualized sales rate of previously owned homes hit a post-crisis peak of 5.49 million in June.
8 Ways Colored Floors Can Boost Your Design - Deep colors add height, white creates calm, and warm hues spark energy. Learn more ways to use floor color to enhance your home. Some of my favorites:
