Recent Tweets

Follow Me on Twitter

Powered by Twitter Tools

housing market

Is the Housing Market Bubble Back?

I realize this is a loaded question to ask, considering people from certain parts of the country are still trying to bounce back from the early 2000’s. Things just started looking up, but could there really be another housing bubble coming? According to an article on Zillow, it doesn’t appear that the US as a whole is in any major trouble, at least not in the next five years or so. However, experts say that some markets, including New York and San Francisco, are already in a bubble. Additionally, some experts predict that Boston, LA, and/or Miami may enter a bubble within the next three years. So, how are these predictions made and what exactly does it all mean?

Rental Market and Housing Market Lock Horns

We admit, we have been a little obsessed with housing market stories lately. But, who isn’t? It’s a weird time for real estate.  And, what it boils down is this – today’s real estate and rental market needs confidence and equity.  While we are seeing significant appreciation in some markets, it is not due to a significant number of new buyers.  As we have pointed out, the lack of inventory is the real culprit.  For this reason, we are not seeing any let up in the rental market.

Free EBook: 2015 Housing Market Breakdown

Remember a few years ago when there was no one to buy a home? Well, today, things are different. Instead of a lack of buyers, there is a lack of supply. At the same time, with fewer people able to buy due to lack of inventory or financing, more people are renting. Consequently, rental rates are skyrocketing around the country making it difficult for first-time buyers to save – or, in our world, corporate transferees to find short-term housing.

Lack of Supply Haunts the Housing Markets

Pursuant to our last post, and as a lead up to our next EBook, today we wanted to talk about the big, not so subtle elephant in the housing market: a lack of supply. According to Zillow, the lack of new supply is squeezing renters and buyers by keeping housing costs high. In fact, U.S. renters can expect to spend 30.1 percent of their income on rent, while home buyers can expect to spend about 15.3 percent of their monthly income on a mortgage payment.

Zillow: Negative Equity Persists in 21 Housing Markets

Back in March, Zillow released a report showing that, in 21 out of the top 50 U.S. housing markets, some underwater home owners are sinking deeper into debt. This seems contradictory to the face that home values are generally rising across the board around the country. Confused by the paradox, I asked Mike Canning, our real estate guru, to share his thoughts on the article.

Mortgage Outlook for Relocating Transferees

Over the course of 2015’s first quarter, a lot of home buyers found that obtaining a mortgage was easier than it had been in the past. And, it’s true. Banks seem to be more willing to lend now compared to recent years, though they’ll never admit any hesitation in the first place. A lot of this ease stems from the new loan options out there as well as current housing and economic trends around the country. In fact, the Zillow Mortgage Access Index tells us that access to mortgage credit is almost 70 percent of the way back to 2002 levels. To make a long story short, the economy and housing market have put lenders in a position where they are more willing to lend. So, what does this mean for your relocation program or for your transferees?

Is Your Transferee Still Underwater?

A month ago, we released an EBook all about Generation X. While we discussed several of the traits and values of this generation, we also covered some of the specific challenges Gen X may have when it comes to relocation. One of the points that stuck out most to me was the fact that Gen X took the brunt of the economic downturn on the chin and, today, they are still working to stand back up. Most of Gen X angst has to do with the housing market so, today, I wanted to share some information about what to do if your Gen X transferee is still underwater on their home.   

Is it all Doom and Gloom for the 2015 Housing Market?

Last week, we read (and shared) and article by Chicago Agent Magazine titled, “3 Important Trends to follow for the 2015 Housing Market.” I think the article raised some good points – namely, that the rise in home prices will slow down a bit and the rental market will continue to flourish. But, after reading this article, you may find yourself a bit depressed.

How to Have a Successful Real Estate Transaction (BVO)

With summer winding down, I’m surprised to see that there are still so many homes on the market. On my way to work this morning, I counted more than 10 for sale signs! It made me question whether we are seeing so many signs because the market is back, or whether we are seeing signs because homes are not selling. My conservative nature is pushing me to the latter but, at the same time, we haven’t been having too hard of a time unloading homes here. So, maybe it’s a little of both. It could also be our approach here. We are pretty meticulous about the way we handle real estate transactions during relocation.

Housing Market: Top 10 Turnaround States

Earlier this week, I read a CNBC article and slideshow about the top 10 turnaround states in the nation as it pertains to their financial stability.  It’s pretty neat to see the 2011 rankings versus what is going on today, especially since it’s the housing market that seems to be driving the recovery.

Search

MIKE CANNING
VP, Client Services

RICK CALANNI
VP of Business Development Northeast Region

 

Site Tags

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |