Coldwell Banker Premier Realty

Highlights from NAR's Aspiring Home Buyers Profile

summary of NAR's recent survey of aspiring home buyers
Posted by John McClelland on February 27, 2017 in  down payments  NAR  Realtors  Student Loan Debt
The National Association of Realtors recently published its 2017 Aspiring Home Buyers Profile, an examination of non-homeowners, using survey results.Some of the highlights are: Of non-owners, 59 percent were 34 years old or less. Of non-owners, 63 percent felt that now was a good time to buy 8 of 10 non-owners thought that homeownership is part of the American Dream Of the main reasons for not owning a home, 55% said they can't afford one, 22% responded that they need the flexibility of renting. S... read more
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Home Price Futures Contracts

Let the market predict home prices
Posted by John McClelland on February 07, 2017 in  Hedging Home Prices  home price risk  John Dolan  Las Vegas CME contracts  S and P Case Shiller
Predictions for residential real estate are challenged by the increasing opacity brought on by mortgage rate increases, a stronger dollar, a new presidential administration and demographic trends that are not well understood, such as the demand for housing by millennials.  In some minds, if increasing interest rates are a response to an improving economy, either through Federal Reserve increases or market responses, on the net, housing demand may remain robust. In other views, homebuyers may have be... read more
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