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Source: Scotsman Guide --- Demand for single-family rental housing is rising, and the sector has emerged as a popular option for those seeking more space and an affordable place to live. During the COVID-19 pandemic, this trend has accelerated as more people flee...
Low-tax states are winning the real estate battle
Source: Housing Wire --- For every one person who left low-tax states in the last eight years, an average of four people moved into those same states, according to a new report from Redfin. The trend is reversed in high-tax states, where an average of 2.5 people...
5 staggering facts about Utah’s hot housing market
Source: Deseret News --- It’s an issue that’s worrying a mind-boggling 8 out of 10 Utahns — and one that reaches well beyond Utah to other states in the West. The Deseret News took a deep dive into Utah’s raging hot real estate market and how it fits in to what’s...
Industrial Real Estate Pros Are The New ‘Cool Kids’ And See Booming Job Market
Source: Bisnow --- For Pete Quinn, the national director of industrial services for Colliers, there simply aren’t enough hours in the day. His very, very busy team needs more help; they hired 47 people last year, and they will hire at least that many in 2021. “We’re...
Residential Real Estate: So Far Growth On A Solid Base
Source: Forbes --- An earlier post made clear this economy’s powerful near-term growth momentum. It also warned about longer-term economic risks, especially given Washington’s efforts to hype the economy. Against this background of conjoined economic optimism and...
South poised to see $1 trillion in home sales in 2021
Source: Housing Wire --- Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. How much will be spent on homes? Officials are predicting sale numbers to easily...
ULI Spring Meeting: What Does the Future Hold for Real Estate?
Source: RISMEDIA --- While the future of the real estate industry is uncertain, several experts offered their predictions during the Urban Land Institute’s (ULI) virtual 2021 Spring Meeting, held on May 10-12. “The demand for housing will hold up as economic recovery...
Housing-Market Mayhem: U.S. Home Sales Likely to Hit Record High of $2.5 Trillion In 2021
Source: Redfin --- Redfin forecasts a record $2.53 trillion worth of home sales in America in 2021—a 17% year-over-year gain that would mark the largest annual increase in percentage terms since 2013. To put $2.53 trillion into perspective, it’s roughly equal to the...
How appraisers value homes in a hot housing market
Source: Housing Wire --- Robin Sheridan, a real-estate broker with Compass Washington, recently listed a three-bedroom home in Seattle for $795,000. The 76-year-old brick home had what Sheridan considered a “funky layout,” with two rooms added to the back that didn’t...
Volume-hungry mortgage lenders loosen credit standards
Source: Housing Wire --- Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI) — which...
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