LoginLoginAt New Western, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
Real estate investors have a new tool to help them analyze markets — the Wall Street Journal and Realtor.com Emerging Housing Markets Index. The new index uses housing market, economic vitality, and quality of life metrics to identify emerging housing markets — areas that are expected to see home price growth and that offer attractive lifestyle amenities. Read on to see which markets out of the largest 300 metropolitan areas in the United States topped the list in April.
The new Biden administration brings a wave of policy shifts that will impact property owners, landlords, and investors. From the 1031 exchange to first-time homebuyer tax credits to eviction moratoriums, attorney and real estate investor Scott Smith offers his take on the top seven potential changes real estate investors should know about..
A lot has been said about the great pandemic migration and where all those homebuyers settled. Postal Service data suggests those who picked up stakes during the pandemic typically moved to neighboring, less-dense cities, slightly farther from the downtown core, according to Wired.com. Read on for what’s in store for housing markets on the outskirts of the largest cities.
More than 100 economists and real estate experts weighed in on housing supply and demand in a recent survey conducted by Zillow. Demand is expected to stay strong as Americans continue to re-evaluate their housing needs in light of increased work flexibility. On the supply side, 69% of panelists expect inventory will grow in the second half of the year. An increase in existing homes being listed for sale is expected to be the biggest factor in the reversal.
The National Association of REALTORS® announced pending home sales rose 1.9 % index points to 111.3 in March, after two consecutive months of decline. NAR chief economist Lawrence Yun voiced optimism, stating “Low inventory has been a constant problem, but more inventory will show up as new home construction intensifies in the coming months, as well as from a steady wind-down of the mortgage forbearance program.”
New houses are still more expensive than existing homes, despite what the data says according to CNBC. The median price of a newly built house was slightly lower in March than the median price of an existing home sold that month. However, that’s due more to low supply of less expensive homes. Real estate investors are poised to bring much needed supply to hungry homebuyers by revitalizing existing entry-level homes and bringing them to market.
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.
