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TitleSmart Print Newsletters
TitleSmart’s monthly print newsletter provides up-to-date information on the market, including the latest trends and tips. View an archive of past 12 publications below.
Renting is Overtaking the Housing Market
Single-family rentals – either detached homes or townhomes – are developing faster than any other portion of the housing market.
Home prices are on the rise again. As a result, many potential buyers are looking for ways to afford a monthly mortgage payment.
While not everyone loves beards or pour-over coffee, when it comes to real estate, hipsters might be a good group to watch, according to new research from realtor.com and Yelp. The realtor.com economic data team leveraged its Market Hotness Index—which is a tool designed to uncover hot real estate markets where homes are selling quickly and users are browsing a lot of listings—and combined it with Yelp’s data to identify the ZIP codes where the word “hipster” was used most frequently in user reviews, comparing it with the norm for that city.
At one time, commercial real estate firms were considered less at-risk for cyberattacks, because compared to financial services, healthcare and retail firms, they did not maintain as much personal and intellectual property information. As a result, CRE players have been slow to invest in cybersecurity and insurance for cyber risks.
The commercial real estate (CRE) industry is about to undergo major disruption thanks to the Internet of Things (IoT). Technology is beginning to encroach upon an industry that has traditionally lacked innovative spirit. This technology is expected to change the very definition of what it means to be a real estate broker. As client needs evolve, brokers must learn new skills in order to keep up with the changing technology landscape and to remain competitive.
According to a recent report from the Census Bureau, eight of the 10 fastest-growing cities in the U.S. are located in the South with the population in large southern cities increasing by an average of 9.4 percent. Cities in Texas claimed five of the top ten spots. While two cities in the West also made the list, the Northeast was noticeably absent from the list.
Many people enter the world of real estate investment with the hope of making extra money without having to spend a lot of time. Although buying rental property and collecting checks from tenants might seem like an easy path to financial stability, the reality can be a bit more challenging.
Many millennials still live at home with their parents. However, this doesn’t mean people born between the years 1981 and 1997 don’t want to own their own homes. In fact, a Realtor.com survey revealed that 61 percent of first-time homebuyers are under the age of 35.
As often happens during economic cycles, the dynamics of real estate markets in the U.S. have changed once again. Investors who look to buy homes at low prices and sell them at the top of the market have already missed the boat and are now facing increased competition.
With the new administration underway, Donald Trump is already working on a new tax plan. Analysts at Baker Newman Noyes, a leading national accounting and consulting firm, have reviewed President Donald Trump’s vision for tax reform and predict that the changes to the tax code will have significant impacts on the real estate and construction industries.
Although tiny homes are still illegal in many places across the U.S. because they often don’t meet zoning and building standards, some cities are starting to change ordinances to allow the downsized dwellings. In some places, entire tiny home communities are developing.
As real estate magnate Donald Trump begins his term as president in 2017, there are likely to be some big changes on the horizon for the U.S. housing industry. Over the past year, housing markets across the country saw healthy increases in home values, thanks to low interest rates, lower gas prices, stronger wage growth, and millennials beginning to enter the market.
The U.S. property market landscape has not seen many changes since 2015. In addition, the U.S. Federal Reserve has already stated last December that it expects to increase the federal funds rate by 0.25 points, which should further stabilize the economy.
Some major changes in the upcoming years are expected to create huge changes on commercial real estate, according to executives surveyed by Akerman LLP as a part of the law firm’s annual commercial real estate report. These trends are expected to shift real estate over the long term and may even result in permanent changes in how the real estate industry conducts business.
Across the United States, things are starting to look good again for home sellers. In fact, the residential real estate markets in many areas are doing better than they have for more than a decade. Throughout the country, strong demand is driving faster sales and attracting higher prices.
In the 1950s, suburbs grew rapidly as people moved out of city centers to the newly developed neighborhoods designed exclusively for suburban living. However, times have changed and people are returning to the cities to be closer to work, shopping and cultural amenities. Urban home values are now worth roughly 2 percent more according to a January 2016 report from Zillow, and their values continue to grow faster than suburban properties.
Which Are the Fastest-Growing Neighborhoods in the US?
In some neighborhoods across the United States, the real estate markets are changing, and they are changing fast. While many of the fastest-growing neighborhoods were once considered downtrodden or places to overlook, these days they have become hotspots where job opportunities are on the increase and new homes are being built.