Baby Boomtowns: The U.S. Cities Attracting The Most Families

September 20, 2014

in Markets

Post image for Baby Boomtowns: The U.S. Cities Attracting The Most Families

With the U.S. economy reviving, birth rates may be as well: the number of children born rose in 2013 by 4,700, the first annual increase since 2007. At the same time new household formation, after falling precipitously in the wake of the Great Recession, has begun to recover, up 100,000 this June from a year before. This impacts the economy strongly in such areas as single-family home construction, the supply of labor and consumer demand. For cities, being family friendly may become increasingly important as the large millennial generation starts entering their 30s, the primary years for raising children. Forbes identified the parts of the country where new families are being formed most rapidly. Among the top cities: Raleigh, Austin, Las Vegas, Charlotte, Phoenix, Dallas-Ft. Worth, Atlanta, Houston, Nashville and Orlando. [Read this article]

{ 0 comments }

The 20 Best Cities For Job Seekers This Fall

September 12, 2014

in Markets

Post image for The 20 Best Cities For Job Seekers This Fall

A new survey by employment services firm Manpower Group found that employers in almost all 50 states expect to increase their staff levels next quarter, and most plan to finish the year on a more confident hiring note than they did in 2013. Of the surveyed employers, 19% expect to increase their payrolls and 7% say they’ll decrease their staffing levels. This yields a net increase of 12% that plan to hire – or 15% when seasonally adjusted, which is up 1% from last quarter and 2% from the fourth quarter of 2013. Among the 20 best cities for job seekers this fall: Dallas-Fort Worth, Houston, Phoenix, San Jose, Fort Myers, Seattle, Orlando, San Diego, San Antonio, Tampa, Atlanta and Charleston. [Read this article]

{ 0 comments }

Redfin Names The Top Neighborhoods For Highly-Ranked Schools

September 12, 2014

in Markets

Post image for Redfin Names The Top Neighborhoods For Highly-Ranked Schools

To find the best public schools for their children, parents need to do their homework. Fortunately, there are online resources to help them identify which public schools are top of the class, and which aren’t making the grade. The next step is to buy a home in a neighborhood served by those schools. Being within a highly rated public school zone can have a dramatic effect on the value of your home. When accounting for size, on average, people pay $50 more per square foot for homes in top-rated school zones compared with homes in average-rated zones. But if you’re a new parent, are moving to a new city or are a first-time homebuyer, it can be difficult to determine which neighborhoods have the most highly rated public schools, and what it’s going to take to buy a home there. Redfin evaluated cities and highlighted the top three neighborhoods with the most highly rated schools in each. [Read this article]

{ 0 comments }

Foodie Cities: Real Estate For The Restaurant Set

September 12, 2014

in Markets

Post image for Foodie Cities: Real Estate For The Restaurant Set

The foodie movement has reshaped residential real estate. Americans’ passion for both cooking and cuisine has spurred demand for kitchens with top-notch appliances, specialty prep areas and climate-controlled wine cellars. Many of the newest downtown residential developments are centered on the local food scene, near vibrant green markets and top-rated restaurants run by celebrity chefs. Some developers are launching rental buildings with high-end culinary amenities, aimed at younger residents who grew up with the foodie movement. Real-estate agents say the foodie angle can be a key selling point for a luxury property. [Read this article]

{ 0 comments }

Housing Markets With The Largest Increases In Asking Prices

September 10, 2014

in Markets,News

Post image for Housing Markets With The Largest Increases In Asking Prices

Nationally, the month-over-month increase in asking home prices rose to 1.0% in August, up a bit from 0.7% in July. Asking prices rose 7.8% year-over-year, slower than one year ago, in August 2013, when asking prices were up 9.9% year-over-year. At the local level, asking prices rose year-over-year in 96 of the 100 largest U.S. metros. Seven of the 10 U.S. metros with the largest year-over-year price increases are in the South, including the top four: Miami, Birmingham, Lakeland-Winter Haven, and West Palm Beach. In the accelerating markets of Birmingham, West Palm Beach, and Palm Bay-Melbourne-Titusville, the year-over-year price gain in August 2013 was less than 5% and is now more than 13%. Foreclosures have shaped where and when home prices have recovered. Foreclosed homes tend to depress neighboring home values and sell at a discount. But once most of the foreclosures in a market are sold, then overall inventory tightens – especially at the low end – giving home prices a boost. Now, even judicial states are seeing the light at the end of the foreclosure tunnel and are getting their own price boost. [Read this article]

{ 0 comments }

Where Americans Are Moving

September 5, 2014

in Markets,News

Post image for Where Americans Are Moving

The Census has released new data on how many people moved between counties in the U.S. from 2008 to 2012. Trulia analyzed the data at both the county and metro level, combining it with data on home prices, unemployment, density, and distance. According to the data, nearly half of between-county moves are less than 100 miles. Most of these, in fact, are very short moves: 38% of between-county moves are less than 50 miles. The top between-county moves are all short-distance within a region or metro. Of the top 10 between-county moves, in fact, seven are among the large counties of Los Angeles, Orange, Riverside, and San Bernardino in southern California. Migration in America reveals some consistent patterns. A majority of between-county moves are people moving toward lower density, more jobs (i.e. lower unemployment), and lower home prices. [Read this article]

{ 0 comments }

America’s 15 Best Cities For Young Professionals

August 19, 2014

in Markets

Post image for America’s 15 Best Cities For Young Professionals

To find out which cities offer the best prospects for professionals aged 24 to 34 who hold a bachelor’s degree or higher, Forbes analyzed the 100 largest Metropolitan Statistical Areas, ranking them on factors such as local unemployment rates, job growth projections, the number of businesses per capita, and median salaries for 24- to 34-year-old employed college graduates. Cities on this year’s lists include Raleigh, Austin, Denver, Minneapolis-St. Paul, San Jose, Seattle and San Francisco. Raleigh has been the recipient of many Forbes honors this year, including, the No. 2 slot on the list of America’s Fastest-Growing Cities. Its close proximity to the Research Triangle Park, where more than 170 companies have outposts makes it a hotbed of job opportunities. The area is a natural greenhouse for the well-educated, thanks to the presence of North Carolina State University in Raleigh, Duke University in nearby Durham, and the University of North Carolina at Chapel Hill. [Read this article]

{ 0 comments }

Hottest Homebuilding Markets Of 2014

August 18, 2014

in Markets

Post image for Hottest Homebuilding Markets Of 2014

Construction activity is a fundamental measure of local housing market health. That’s because homebuilding is both a signal of where builders are betting on future housing demand as well as a creator of local jobs. In this housing recovery, construction might even be a better measure of local market health than home price changes, which have been driven in part by investors and others buying undervalued homes. Census building permit data reveal which markets are breaking new ground. Construction activity is highest relative to the local norm in Boston, New York, San Jose, and Houston, which are on track to build at least 50% more new homes in 2014 than their local historical average. The rest of the top 10 include Orange County (California), Austin, Dallas, San Francisco and Los Angeles. [Read this article]

{ 0 comments }

The 25 Best Cities For Working Parents

August 18, 2014

in Markets

Post image for The 25 Best Cities For Working Parents

Juggling a career and a family isn’t easy. Yet, according to the U.S. Census Bureau, a majority of parents in the U.S. today are attempting to do it. Approximately 88% of U.S. families with children have one parent in the workforce, and 58% have two working parents. Knowing that, Business Insider partnered up with personal finance site NerdWallet to find the best cities for those with two jobs: employee and parent. The analysis focuses on affordability (median income and housing costs), childcare costs, school quality, and the community (percentage of households with children) in the 100 largest U.S. cities. Gilbert, Arizona, ranks No. 1 with an overall score of 72.5. Following close behind in the No. 2 spot is Plano, Texas, with a score of 67.4. Rounding out the top three is Chandler, Arizona – another Phoenix suburb. [Read this article]

{ 0 comments }

10 Cities Beating National Housing Trends

August 9, 2014

in Markets,News

Post image for 10 Cities Beating National Housing Trends

Ten metros are standing out for strong price appreciation, housing inventory increases, and a rise in home sales that are far outpacing the more moderate gains in the national housing market, according to realtor.com’s National Housing Trend Report for June. Reno, Nevada, has seen the largest year-over-year increase in home prices – nearly 18.5 percent – while homes in Charlotte, North Carolina, are selling 14 days faster than a year ago, at a median of 64 days. “National housing trends are masking some of the excitement we’re seeing in individual markets,” says Jonathan Smoke, realtor.com’s new chief economist. “Our June data shows monthly inventory picking up in markets already experiencing price increases and fast property turnover. These dynamics will result in strong home sales and extend the buying season past the usual June/July peak to later in the third quarter.” [Read this article]

{ 0 comments }