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Affordable Housing

The most recently published posts in the Affordable Housing category
With Marcus & Millichap's National Apartment Report showing that the U.S. average for asking rents recently came in at more than $1,061 a month, housing analysts believe more apartment tenants will increasingly look to own.  Some expect the average monthly rent to rise to over $1,100 this year, which Paul Bishop of the National Association of REALTORS® says should prompt more potent...
Read Post [Posted on 08/23/2014 By John Askins]
The Houston Press recently took a look at eight popular Houston neighborhoods with at least 15 single family homes available for lease. They did not include townhouses or duplexes in their consideration which caused several hot areas to be excluded from consideration including Midtown, Upper Kirby and the entire Galleria area.To get their numbers, the Press used Zillow's map tool and approximated ...
Read Post [Posted on 08/19/2014 By Tawnya Marney]
Housing affordability differs among races and ethnic groups, finds the National Association of Home Builders, which analyzed home affordability by race. Affordability differences are “dramatic and persistent across racial and ethnic lines,” says NAHB chief economist David Crowe about the findings.Housing Affordability by RaceThe NAHB found the following differences in housing affordability wh...
Read Post [Posted on 08/18/2014 By John Askins]
‘Renter Nation’ Just a Myth as 93% of Millennial Renters Plan to Buy a HomePosted on August 13, 2014 by adminAmid rising home prices, increasing home sales, and falling delinquencies and foreclosures, nearly a third of renters say they plan to buy a home in the next two years, according to a new survey from Trulia.And, a whopping 72% of consumers said home ownership is still part of...
Read Post [Posted on 08/13/2014 By Garrett McWhorter]
More than half of Americans now expect the country’s home prices to climb within the next year, illustrating a growing optimism toward the health of the housing industry, according to Fannie Mae’s April 2013 National Housing Survey.The share of people who say home prices will go up in the next 12 months hit a survey high of 51%, while those who believe home prices will go down remained at the surv...
Read Post [Posted on 08/12/2014 By Garrett McWhorter]
Many buyers are still seeing plenty of opportunities with buying a vacation home,  says Tom Gilmore, chief executive and founder of VacationHomeRentals.com. The home can even turn into a money-maker for those who choose to rent them out.  Twenty-three percent of buyers said they plan to rent out their recently purchased second home, according to a National Association of REALTORS® surve...
Read Post [Posted on 08/03/2014 By John Askins]
Hispanic families accounted for the largest single decline in wealth of any ethnic and racial group in the country during the recession, according to a study published by the Pew Research Center.The study, which used data collected by the Census Bureau, found that the median wealth of Hispanic households fell by 66 percent from 2005 to 2009. By contrast, the median wealth of whites fell ...
Read Post [Posted on 08/03/2014 By John Askins]
Many former home owners displaced by foreclosure are being left with no other option but to rent. They’re increasingly turning to renting single-family homes, which is the fastest growing segment of the rental market, according to Fannie Mae research.Three million former home owners from the foreclosure crisis will likely rent single-family homes by 2015, according to estimates by John Burns Real ...
Read Post [Posted on 07/30/2014 By John Askins]
As the number of foreclosed homes dries up in some markets, some investors are looking elsewhere for properties to turn into rentals. With the rental market still strong, some investors are either buying finished single-family homes that they can use as rentals or even developing vacant lots to turn into rentals from the ground up, The Wall Street Journal reports.  Last year, 5.8 percent of ...
Read Post [Posted on 07/29/2014 By John Askins]
Ten percent of U.S. renters say they want to buy a home in the next year, according to a survey of renters in the 20 largest housing markets by Zillow. That means if all the renters buy a home in the next year that would amount to about 4.2 million first-time home buyer sales, CNBC reports. The National Association of REALTORS® has reported that the share of first-time home buyers has fal...
Read Post [Posted on 07/29/2014 By John Askins]
Many parents planning to gift real estate to their children are passing properties to their children through limited liability companies, which offer a 15 to 20 percent discount on valuations due to a "lack of marketability."  But this also means future outside buyers will balk at buying shares in a family-owned LLC because they would have to negotiate with a group of related members.Ano...
Read Post [Posted on 07/27/2014 By John Askins]
Many Americans have embraced the investor role in real estate, hoping it will fund their future retirement. First-time investors are taking the strategy of buying foreclosed homes at super low rates and turning them into rental properties to increase cash-flow now and hopefully later too. “The typical small-size mom-and-pop investor has two or three properties, looking at it as an income suppleme...
Read Post [Posted on 07/27/2014 By John Askins]
A released study lends more support to the idea that where you live can affect your health. In an experiment that started in the 1990s, the federal government offered thousands of low-income women living in public housing in Los Angeles, Baltimore, Chicago, New York, and Boston an opportunity to move to a more affluent neighborhood and see if it improved their health.   Now more than a decad...
Read Post [Posted on 07/26/2014 By John Askins]
You’ve decided that your first home should have three bedrooms and a big yard, but what else have you thought about? You may want to check out Fox Business' list of 10 things that most first-time homebuyers don’t consider during their house hunt. Here are the first five: Make a checklist and use it. Determine what features are essential to you and refer to your list when viewing properties. Y...
Read Post [Posted on 07/24/2014 By Susan Arnoldy]
The wife of a Military Veteran, I LOVE Working with Military Veterans to show them my appreciation and also give them sound and honest advice. I have 12 years solid experience! I am ready for you! Free buyer consultation!832-545-7005 ...
Read Post [Posted on 07/24/2014 By LaWanda Lendsey]
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