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Boomers Prefer Suburbs and Cul de Sacs

By media Posted in - Press on February 15th, 2016

The National Association of Home Builders (NAHB) recently published Housing Preferences of the Boomer Generation shows that homebuyers in the baby boom generation want a suburban neighborhood consisting of all single-family detached homes more often than any other of the 19 listed community features, and nearly 80 percent prefer a cul-de-sac over efficient traffic flow when given the choice. These results are based on a survey conducted by NAHB in September 2015 that collected data from 4,326 recent and prospective homebuyers, stratified and weighted to be representative of the age, geography, income, and race and ethnicity of homeowners in the United States.  Although the published study emphasizes housing preferences of boomers (those born from 1946 to 1964), for comparison purposes… Read more »

Top 10 Real Estate Markets To Watch in 2016

By media Posted in - Press on December 3rd, 2015 chief economist Jonathan Smoke checks the first and second derivative rates of change in the rich and deep data pool at the National Association of Realtors, and clocks in with a 2016 Top 10 markets to watch for growth in prices and sales volume. Here’s a look at the basic approach to the methodology:  Smoke and his team took past trends and seasonal variations of housing and economic data for the 100 largest markets in the country and stuck them into a time machine—oops, we mean a statistical model that predicts future values for home sales and prices. Then they identified the markets whose forecasted growth was equal to or better than the U.S. average. The resulting top 10… Read more »

5 Real Estate Trends To Watch For In 2016

By media Posted in - Press on December 2nd, 2015

At the close of last year, many real estate experts predicted the U.S. Federal Reserve would raise interest rates in 2015. That prediction never came to be, but even if rates rise later this month or next year, Ralph McLaughlin, a housing economist at Trulia, doesn’t think it will scare away many buyers. If rates do increase, it could be as little as a quarter percent. McLaughlin doesn’t expect that to have a big impact on the market, but it could temper home price growth, “which is good news for prospective homebuyers,” he says. “Interest rates won’t have much of an effect on the ‘rent versus buy’ math,” he explains. “Buying would still be cheaper than renting in most metros… Read more »