Month: November 2015

Existing Home Prices Rise and Price Appreciation slows in Q3

Regan Hagestad November 25, 2015

Despite an inventory shortage, there has been an encouraging boost in existing home sales for the third quarter of 2015. This has kept prices rising throughout the country and kept price appreciation slowing to a healthy pace. Thanks to favorable mortgage rates and improvements in the economy, purchasing demand increased. Even though price growth reached unhealthy levels in certain markets,

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Fannie Housing Survey: Fear of Commitment?

Regan Hagestad November 19, 2015

According to Fannie Mae’s October Housing Survey, consumer attitudes toward purchasing real estate is described as volatile. The number of people who have favorable opinions about purchasing homes is down. This has been caused by a decrease in buyer optimism toward raises in household income and worries over looming interest rate hikes. Many people are not experiencing a significant increase

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Spending on Residential Construction Up 17 Percent

Regan Hagestad November 12, 2015

According to the latest report from the U.S. Census Bureau, residential construction increased in September 2015 while construction as a whole remained relatively unchanged. The seasonally adjusted annual rate for new construction in September was $1.09 trillion, an increase of 0.6 percent over the previous month and an increase of 14.1 percent over the prior year. The non-adjusted amount for

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This is the Next Big Property Investment

Regan Hagestad November 5, 2015

As rents are rising, investors are on the hunt for multi-family residential properties. The slow growing economy is keeping single-home supply down. Starwood Capital, a private equity and venture capital firm, is taking advantage of this trend. This company has joined with Milestone Apartments REIT to purchase the Landmark Apartment Trust for $1.9 billion in cash. This means these partners

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