The U.S. homeownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing. The ownership rate posted an increase in the second quarter, reversing a sharp downward trend that begun in the Great Recession.The homeownership rate was 63.7 percent in the second quarter, the U.S. Census Bureau reported Thursday. That marks nearly a full percentage point increase from a year ago.Last year, the homeownership
Homes are selling faster in July, and many markets are hotter today than they were a year ago, realtor.com® notes in its newly released housing report. California markets continue to see some of the most traction from home shoppers.“We normally see the housing market begin to slow down in midsummer, but this year has been a different story,” says Javier Vivas, realtor.com®’s manager of economic research. “Mid- to lower-tier homes are fl
Instagram boasts more than 200 million active monthly users. It has quickly emerged as one of the most popular social media platforms. How can you use it to grow your own network? Forbes.com columnist Tom Ward recently offered a few tips, including:Create a theme for your page. Figure out what you are trying to promote on Instagram and stick to it, Ward writes. Have a separate account for your personal posts, if necessary. “You can’t expect
More Americans are renting homes today than at any time in the past 50 years, and more investors are looking to cash in, newly released data shows.HomeUnion, which helps investors find single-family rental homes, released a list of projections for investors looking to rent out and hold properties for the next five years. Researchers considered factors like vacancies, rent appreciation, permitting activities for both apartments and single-family
A shortage of homes for sale combined with growing buyer demands will likely spark home builders to construct the most homes this year than in the last decade, economists told HousingWire.“Most likely a result of the trending imbalance between homes for sale and demand for new homes to purchase, housing starts finally edged up in the month of June to 8.3 percent,” says Greg Parsons, Semper Capital Management CEO. “The need to balance the g
After Dallas-area real estate pro Laura Barnett put a listing on the market three weeks ago, it quickly received 22 offers. But Barnett didn’t take the highest bid.Instead, she took the cash offer because she wanted to ensure that there were no hang-ups along the way toward closing, she told CNBC. Appraisals, she says, are not keeping up with the sales prices. If the appraisal doesn’t match the contracted price, buyers usually can’t get
Key Takeaways Effective online and offline marketing must be consistent. Recognition is built over time and multiple channels.In the pre-digital age, marketing was straightforward: You placed an ad in the newspaper and sent out postcards. All marketing was physical.Enter the internet, which now dominates consumers’ attention as they toggle from their desktop to their smartphone, amid their daily life. Today’s marketing needs to reflect these
More Americans are choosing to rent than at any other point in the last 50 years, according to a report by the Pew Research Center. In 2016, 36.6 percent of households rented their homes, just shy of the 37 percent recorded in 1965, data shows.Overall, the number of U.S. households has increased by 7.6 million over the past decade. But while the number of homeowner households has remained relatively flat over that time period, the number of rente
You don’t have to live in Boulder, Colo., or Kauai, Hawaii, to enjoy the outdoors to the fullest. Realtor.com® scoured the country to help home shoppers find the nation’s outdoor meccas.For its rankings, realtor.com® researchers limited the results to metros with median home prices under $300,000. (That’s why many locations out West did not make the list.) They also took into account the number of national parks within a four-hour drive;
About 23 percent of residential homes built for one to four families are now owned by investors, according to a study recently released by REAL Trends, Inc., and NEXZUS Publishing Group. The vast majority of those homes are not owned by institutional investors but rather individual investors or small investment groups.The Iceberg Report outlines the size of the single-family residential market, as well as uncovers trends in terms of demographics
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