Real Estate News

Recent data shows that home values up nearly 8 percent annually nationwide, with some markets experiencing growth as high as 25%. Home price growth was expected, but few predicted the rapid run-up which has characterized much of the last year.

According to last year's Fannie Mae Housing Market Survey, consumers thought home prices would rise just two percent over the same 12-month period.

Consumers are expecting a similar increase between now and January 2015. The average expectation is that home values will increase 2.0 percent this year, down from 3.2 percent in December's survey.

For buyers, the downgrade may present an opportunity.

Delhi is popular for its haute properties. The capital city is well-connected with international airports and there is great demand for the properties. The developed part of the city, New Delhi, has many excellent properties. There is an entire class of elites settled in the capital owing to its safe atmosphere. The residents can live with all the amenities in the city. Properties in Delhi are great value on the money. Renowned builders construct luxurious flats and apartments with all modern amenities. There are many buyers and leasers for these apartments and properties. There are independent deluxe villas ready to occupy. There are quite a number of potential buyers for these properties in the capital city.

Wednesday, Jan. 22 at 10 a.m. PT, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan will sit down with Zillow Chief Economist Dr. Stan Humphries for a town hall meeting to discuss minority access to housing in America.

The event, Building Equality in Housing, will incorporate live audience questions as well as questions from social media. Follow the conversation on Twitter using the hashtag #BuildingEquality.In conjunction with the event, Zillow researched trends on minority access to housing, outlining the different experiences among races when seeking a mortgage, buying a home and owning a home.

http://www.zillow.com/education/hud/

They’re calling them the “failure-to-launch” generation. Household formation for younger Americans is in trouble. While there are reports and economic studies touting an improving economy and rising home prices, a record number of younger Americans are living with older family members.
The most accepted reasons for this situation is that younger Americans are saddled with debt and weak incomes. While they’re piling on college debt, they’re not finding the high paying jobs of the past. Income increases aren’t happening either. New household formation rates have plunged:
• 2000 – 2006: 1.35 million per year.
• 2007 – 2011: 550,000 per year.
• 2012: Around 1 million.

Security Deposit Trivia
Perhaps not so trivial, a recent industry survey determined that 1 in 4 renters do not receive their security deposit back after moving out of a rental unit. Worse, nearly 36 percent said that they never received a reason for why their deposit was withheld. Though this is against the law in most states, it appears that many landlords are getting away with it. In some cases the units are probably trashed, but it should be procedure to send a written reason describing the damage to justify keeping the deposit.

Wells Fargo Settles with Fannie Mae

Some would argue that we’re not really experiencing a true housing recovery. After all, a large chunk of the population are still not participating in the markets. However, home prices have been jumping in most areas, with a lot of the upward pressure provided by low inventory and high investor buying activity. Consumers who want to buy a home are competing for dwindling supplies and it’s a recovery situation if prices are the major measurement criteria.
However, even by this definition, the recovery may be about to cool down quickly. In 2014 there are several economic and governmental factors that are expected to throw cold water on the markets:

National Consumer Alert - Avoid "Pocket Listings"

Tucson Realty & Trust Co. is pleased to announce the affiliation of Bob Solfisburg to the firm.
Bob Solfisburg has over 25 years of land brokerage experience, specializing in residential and commercial acreage. Prior to joining Tucson Realty & Trust Co. Bob was associated with Grubb & Ellis & JBS Real Estate. He is experienced in rezoning consultation and land investment strategies with over $150 Million in land sales transactions ranging from large ranches to apartment sites. Bob has extensive knowledge of Arizona Water Laws and requirements for subdivision policies and procedures in Pima and Santa Cruz Counties.

By nature economies and markets are cyclical, and the housing market clearly illustrates this point. Demand and rising prices create pressures on builders and developers to respond with more housing, and at some point there is an oversupply and prices and the market collapse. When lenders begin to loosen standards to increase profits from more home buying and refinancing it aggravates and even speeds up the inevitable cyclical collapse.

Which is better option for a long stay: to buy or rent a house?

Phuket Real Estate for Sale