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Theresa Springer’s Blog

Baby Boomers May Be Key To Housing Recovery

Though first-time buyers are typically the driving factor behind a healthy housing market, industry experts increasingly see baby boomers as key to the housing recovery. Affordability is at all-time highs and, because homeowners of middle age or older have generally lived in their homes longer and have built up more equity, they’re better positioned to ... MORE

Market Analysts Say Now Is The Time To Buy

Buying a home is now cheaper than renting in 4 out of 5 major U.S. cities. And, along with affordable home prices, low mortgage rates, and building economic confidence, the increase in rent makes market conditions ripe for prospective house hunters this spring and summer. Ken Shuman, of Trulia, said people looking to buy a ... MORE

Young Adults Drive Household Formation To Fastest Rate Since 2007

As the job market recovers, young adults are moving out on their own and creating new households, which has driven the household formation rate to its fastest pace since 2007. Economists and industry experts are predicting the trend will lead to between 750,000 and 1 million new households created this year. In the year ending ... MORE

New Residential Construction Tumbles From January’s Four-Month High

Housing starts dropped 22.5 percent in February, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The drop, which follows a 14.6 percent spike in January, was largely due to a 47 percent decrease in apartment and condominium construction during the month. Single-family housing starts were 11.8 ... MORE

Rising Rates Shouldn’t Hamper Housing Market

With mortgage rates rising after spending much of the year near historic lows, analysts and industry experts are weighing the effect recent rate increases may have on the housing market. Economist Thomas Lawler told The Wall Street Journal that somewhat higher rates in a growing economy are better for the market than low rates in ... MORE

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