To Wall Street and many home builders, their business is moving units, turning inventory, generating margins of return on invested capital. To a strong, deep, and seemingly enduring stream of buyers, those teeming transactions are something else: home, livability, well-being, a place to prosper.
New home buyers are ante-ing up in droves to solve a three-part life riddle right now. Pandemic, economic, social, and political turmoil continue to wreak unrelenting havoc on the zeitgeist, spread fear, and dim the horizon. The problem buyers are so keen to solve draws off three classic coordinates: Price. Product. Location. Maybe or maybe not in that order. New home builders, as it turns out, do price, product, and location like it’s nobody else’s business. It’s their stock and trade, and they’re doing it at capacity and velocity levels they’ve hardly even tried to achieve in 15 years.
San Francisco’s residential real estate market saw brisk activity from July through September with a steep increase in both sales and inventory, as a significant jump in buyers was not enough to keep up with the deluge of new condos and homes flooding the marketplace, according to a new report from the brokerage Compass.
The number of sales rose 30.2% compared to the third quarter last year, climbing from 1,151 to 1,499 transactions. But the number of listings is at a 15-year high, with a 10-month inventory for condos in some neighborhoods. Comparing September to the same month last year, the number of price reductions was up 172% for houses and condos combined. Of the price reductions, 80% were of condos.
“The issue the inventory is increasing so much faster than the sales rate,” said Patrick Carlisle, chief market analyst
(Bloomberg) — Investors are pouring record amounts of cash into new U.K. rental homes, betting that demand will remain high as the pandemic batters the economy and puts ownership out of reach for more first-time buyers.
Investment in purpose-built rental apartments and houses will hit 4 billion pounds ($5.2 billion) this year, up from 2.8 billion pounds in 2019, according to a report from broker Knight Frank and residential property review site HomeViews. The market has so far proven resilient to the Covid-19 downturn, with rent collection averaging 95% in the period from March through August, according to the report.
Demand for rental housing in the U.K. has been growing for years, with one in five households renting privately, up from one in 10 in 2001, the report said, citing the English Housing Survey. The coronavirus has accelerated this trend, with soaring house prices, tighter lending
SPARTA, Mich. — Sable Homes was just entering its busiest time of year when the Governor’s Executive Orders forced them to shut down for seven weeks, and when they started back up, they found material was very low according to Sable General Manager Bryan Burnham. “While residential construction was shut down, remodeling was still open. A lot of people took their time off of work to do home projects that they had been putting off, so a lot of materials that were in inventory are gone,” Burnham explained to Fox 17.
Burnham says as the supply chain of materials slowly returns, his company is seeing something new pick-up steam from customers. “People are using spaces in ways that they’ve used them before. They’re trying to mold spaces into what they need it to be,” Burnham explained.
With so many people at-least temporarily working from home, Sable Homes is helping them
Just as CV-19 has thousands of Coloradans reimagining where they want to be living, the crisis has some of those people thinking seriously about solar and renewable energy — building or remodeling to generate more of your own energy, at a moment when people are officing from home much more than in the past. Solar pioneer John Avenson has been watching the interest in solar skyrocket the past few months; and today he and other members of non-profit New Energy Colorado have a way for you to get serious about those ideas.
This weekend is the 26th Annual Metro Denver Green Homes Tour — this year a virtual event featuring 16 homes around the area, including one Avenson
The numbers: Home-price appreciation maintained a fast pace in July as buyers flooded the market only to find few homes for sale, according to a major price barometer released Tuesday.
The S&P CoreLogic Case-Shiller 20-city price index posted a 3.9% year-over-year gain in July, up from 3.5% the previous month. On a monthly basis, the index increased 0.6% between June and July.
What happened: The separate national index released with the report noted a 4.8% increase in home prices across the U.S. over the past year.
Phoenix once again lead all other markets nationwide with a 9.2% annual price gain in July, followed by Seattle with a 7% increase and Charlotte, N.C., with 6% growth.
“Prices were particularly strong in the Southeast and West regions, and comparatively weak in the Midwest and Northeast,” Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, wrote
A lot of homeownership opportunities and housing benefits are available to veterans who live in Texas. As a veteran, you have a right to be aware of these programs that can be very beneficial for you, especially if you’re planning to buy a home in Weatherford real estate.
Texas Veterans Land Board (TVLB)
After the World War II in 1946, the Texas Veterans Land Board or TVLB was created to administer programs that provide long term and low interest loans to Texas veterans to buy land. It is financed by the issuing bonds sanctioned by voters. These bonds, including the expenses for administering it are funded by the participating veterans.
Veterans Housing Assistance Program (VHAP)
Created in 1983 by the Legislature and funded by bonds, the Veterans Housing Assistance Program or VHAP aids Texas veterans in purchasing their own residence. In 1986, it expanded to add a program that provides … Read More