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News

Latest NAHB Index Reading Shows Recovery Continues To Spread

April 11, 2014
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Of the approximately 350 metro markets nationwide, 59 returned to or exceeded their last normal levels of economic and housing activity, according to the most recent National Association of Home Builders/First American Leading Markets Index (LMI). This represents a net gain of 11 metros year over year. The index’s nationwide score ticked up to .88 from […]

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Working At Home: Who Claims The Home Office Deduction?

April 11, 2014
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Often cited as a “red flag” for audits, the home office deduction is in fact a legitimate business deduction with particular importance for certain careers and small business owners. Moreover – from the housing economics perspective – IRS data concerning the deduction, along with Census data reporting who works at home, can shed light on […]

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March Employment Report Shows 19,500 Real Estate-Related Jobs Created

April 11, 2014
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The U.S. Bureau of Labor Statistics released its March employment report, with total non-farm payrolls increasing by 192,000 from January and the unemployment rate holding at 6.7 percent. Real estate-related payrolls grew by 19,500, an increase of 2.6 percent year over year. The change in real estate-related employment for February was revised upward from an […]

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Top 10 Markets For First-Time Home Buyers In 2014

March 29, 2014
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The study examined five key factors that make particular markets ideal for first-time buyers: market popularity, prices, inventory, time on market and unemployment rates. Florida had the most market of any state, with the metropolitan areas of Tampa-St.Petersburg-Clearwater, Orlando and Jacksonville all making the list. “As we head into home-buying season, these markets show favorable […]

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Home Prices In 20 U.S. Cities Rose 13.2% In Past Year

March 29, 2014
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The S&P/Case-Shiller index of property values in 20 cities increased 13.2 percent from January 2013, the smallest gain since August, after rising 13.4 percent in the 12 months through December. Compared with the prior month, prices rose 0.8 percent. Price appreciation on a year-over-year basis has eased in recent months as higher mortgage rates and […]

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NAHB Reveals Most Popular Features Found In New Homes

March 29, 2014
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During New Homes Month in April, the National Association of Home Builders (NAHB) is sharing with home buyers the most popular features in new single-family homes in 2014. Builders from across the country were surveyed on what features they were most likely to include in a typical single-family home this year, revealing that convenience, livability […]

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Grinning Screws Bring Glee To Humdrum Home Improvement Projects

March 29, 2014
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For those who don’t exactly qualify as “handy” or normally approach toolboxes with a sense of reluctance and fear, even the simplest home improvement projects can result in giant headaches and minor injuries. Sure, there’s that sense of pride and accomplishment once you’ve put together that bookshelf or installed those blinds without any sort of […]

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Mortgage Rates Fall, But Could Be Headed Up Soon

March 22, 2014
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Mortgage rates continued to bounce around, refusing to pick a course, according to the latest data released by Freddie Mac. But news that the Federal Reserve has begun to lay the groundwork for increasing interest rates likely will have an impact going forward. For the past month, mortgage rates have fluctuated, rising one week and then […]

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Study Finds Housing Recovery Fully Taken Hold Nationwide

March 22, 2014
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RealtyTrac has released an analysis of housing market health in 410 U.S. counties in two-year increments over the past eight years, finding that 96 percent of county housing markets are better off than they were four years ago when foreclosures peaked in 2010, but only eight percent of county housing markets are better off than […]

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Millions Of Renters Say They Really Want To Buy A Home This Year

March 22, 2014
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In all but one of 20 metro areas Zillow surveyed, 5% or more of residents said they wanted to buy a home over the next 12 months. The desire is particularly strong for renters: 10% of them want to buy. That would translate into 4.2 million first-time buyers, double the number who purchased in 2013. […]

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