Theresa Springer’s Blog

Housing Market Demand Expected To Ease

New data from the Zillow Home Price Expectations Survey suggests that housing market demand will decrease over the coming years as large-scale investors run out of inventory. Experts expect the change to help first-time homebuyers and others looking for single-family rentals. Dr. Stan Humphries, Zillow’s Chief Economist said, “buyers entering the market in the next ... MORE

More People Turning To Multifamily Housing Units

New research shows that single-family housing may be decreasing while the rental market continues to grow. Many reports in the U.S. have shown that the rental market is increasing. A large amount of investors are betting on multifamily housing as many younger adults are choosing to rent due to job constraints and other financial factors. ... MORE

Single-Family Housing Starts And Permits Increase

Single-family housing construction picked up in August along with future construction permits. According to the Commerce Department, single-family housing starts jumped 7.0%, the highest level seen in 6 months, averaging an annual rate of 628,000 units. Construction permits for single-family housing also increased hitting a five-year high. Economist at RBS, Guy Berger said, “homebuilding seems ... MORE

Home Prices Continue To Rise

According to a recent report by the National Association of Realtors, the nation’s median home price has continued to grow in many metropolitan areas. 142 metropolitan cities posted  gains in the second quarter of 2013 when compared to 2012. Meanwhile, existing single-family home prices increased 87%. Prices are expected to continue to grow as inventory ... MORE

Housing Starts Jump 6.8%

Private residence home starts increased 6.8% averaging 914,000 last month. Housing starts overall have been growing year-over-year, jumping 28.6% from last May according to the U.S. Department of Housing and Urban Development and the  U.S Census Bureau. Housing permits and completions have also grown from last year. Analysts at Econoday said, “housing appears to still ... MORE

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