News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Dan Levy / Bloomberg Businessweek / May 30, 2013
Foreclosure (HOMFCLOS)-related U.S. home sales fell 22 percent in the first quarter from a year earlier as rising prices reduced the incentive to sell for owners who owe more than their properties are worth, RealtyTrac said.
A total of 190,121 homes in some stage of foreclosure or taken by banks were sold this year through March 31, down 18 percent from the previous three months, the data seller said today. Those deals, including short sales, or transactions in which lenders let homeowners sell for less than what they owe, accounted for 21 percent of first-quarter residential transactions,Read More
Frank Anton / BUILDER / May 29, 2013
One reason, among many, that this housing recovery has so far been tepid by historical standards is that potential home buyers often couldn’t find what they wanted because inventories of unsold new and existing homes were so low. In fact, for the last three years the supply of new and existing single family homes for sales has hovered around 4 months, well below the 7.2 month 30-year average (see chart).
Why were inventories so low? There were two reasons. One, as long as home prices were depressed, many existing homeowners chose to stay put. And, two, with sales depressed, many builders
Teresa Burney / BUILDER / April 25, 2013
Happy resident testimonials and glimpses of the “good life” help sell homes to older buyers.
The home shoppers thought they were coming to see the model homes in Traditions of America’s 50-plus Silver Spring and Liberty Hill communities last April, but what the builder really wanted to show off was the communities’ lifestyle and happy residents.
So every time the shoppers opened the door of one of the model homes in the builder’s Pennsylvania communities’ “Live Better Now” events, they were greeted by a current homeowner and member of one of Traditions of America’sRead More
Jed Kolko / Trulia / April 4, 2013
Rents rose just 0.1% year-over-year on single-family homes and 2.9% on apartments. Locally, rents on single-family homes are flat or falling in Las Vegas, Phoenix, and Atlanta
The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. WithRead More