Tag Archives: home sales

Future of the Housing Market Is “A Great Unknown”

By: Cindy Coin | Published: March 19, 2013 | Categories: Industry Trends, Market Report

Per Robert Shiller, of Case-Shiller fame, housing “is becoming more of a speculative asset”.  Sales in the housing market are well above the levels of a year ago and inventories are at their lowest levels in 13 years, but there are some growing fears that another bubble is forming in the housing industry.  Feeding those …
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US Rental/Destination Services Update – 4th Quarter 2012

By: Ranjit Gill | Published: February 1, 2013 | Categories: Market Report

To assist our service partners in managing United States rental market expectations, Dwellworks provides the following status update: Top Annual Rent Increases by Metro (Year-Ending  12/31/12)* San Francisco (8.0%) San Jose (7.7%) Oakland (7.1%) Denver-Boulder (5.9%) Nashville (5.1%) New York-New Jersey (5.1%) Houston (4.8%) Charlotte (4.6%) Portland (4.4%) Seattle-Tacoma (4.3%) * Source: MPF Research Demand      …
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Houston Rents Continue to Soar

By: Andrew Horvath | Published: January 29, 2013 | Categories: Market Report, Rental market update

As waves of young business professionals continue to relocate to the city of Houston, vacancy is down and rents are up. Two recent articles from CultureMap, a digital magazine for Houston and Austin, forecast these trends will remain consistent during 2013. Notable businesses contributing to the area growth include ExxonMobil and Chevron. With so many …
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An Increase in New Apartment Construction

By: Ranjit Gill | Published: January 4, 2013 | Categories: Market Report, Real Estate, Rental market update

A recent article in the New York Times highlighted the increase in construction of new apartments in Houston, TX as a result of the demand for more rental housing.  Much like other large markets across the country, Houston is almost at maximum capacity for apartment rental homes and rates have increased over the past two years.  …
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Fewer Homeowners Underwater

By: Cindy Coin | Published: November 15, 2012 | Categories: Market Report, Real Estate

According to an article from CBS News, negative equity dropped below 30% for the first time in years as home values rose on average 1.3% in three months.  Also, about 1.3 million more homeowners have surfaced from underwater mortgages as home prices continue to climb.  In the third quarter of the year, 28% of all homeowners …
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Should You Buy Now?

By: Rob Carlson | Published: August 27, 2012 | Categories: Rental market update

We are hearing a lot about historically low interest rates and rising existing home prices, so those would typically indicate that you should get in while you still can.   In a recent article by Melinda Fulmer of MSN Real Estate, she provides some deeper analysis behind the headlines that would indicate that most buyers still …
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Population Boom in ND Causes Home Finding Challenges

By: Andrew Horvath | Published: August 27, 2012 | Categories: Market Report

According to a recent article in the fedgazette, the rental market in the Williston and Dickinson, ND area continues to be a challenge because new housing is not being built fast enough to handle the large demand of workers in the oilfields and related industries.  In Williston, simple trailer homes are selling over $100,000 from …
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Challenges in the Boston Rental Market

By: Andrew Horvath | Published: August 15, 2012 | Categories: Market Report

According to a recent article in the Boston Globe, the rental market in Boston continues to be a challenge with low vacancy rates and soaring rental amounts. The vacancy rate, low in 2011 at 3.8%, is now at 3.1%.  In popular regions such as Back Bay and South End the vacancy rate is barely 1%.  …
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Skyrocketing Rents in Brooklyn

By: Andrew Horvath | Published: August 14, 2012 | Categories: Market Report

Brooklyn neighborhoods that once provided a release valve for Manhattan pricing have now become more expensive then Manhattan apartments. In many Brooklyn neighborhoods, “the rent just keeps going up and up – even in the sluggish economy, even in the slight downturn in the housing market,” according to a recent article that appeared in the …
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Housing Rebound Signaled as Banks Resume Foreclosures: Mortgages

By: Cindy Coin | Published: July 16, 2012 | Categories: Industry Trends, Market Report

The housing market’s rebound has been restrained by the so-called shadow inventory of homes with mortgages at least 90 days delinquent, in foreclosure or already owned by banks, while foreclosures had been stalled since late 2010, when state attorneys general and federal regulators began investigating abuse by banks, including lost or doctored paperwork. They started …
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