Happy Friday afternoon! Getting our Real Estate Resource Roundup out the door early to get out ahead of the busy NAR- and New Orleans-filled weekend ahead!
Single-Family Production Poised to Take Off in 2015
A growing economy, rising household formations, low mortgage rates and pent-up demand will help single-family housing production to rev up in 2015 while a growth in renters will keep the multifamily market at cruising altitude or higher, according to a recent NAHB Forecast webinar.
Rising Rents Make Homeownership Tough
While home prices continued to decline nationwide in October, rents continued to rise, especially in large metropolitan areas, making housing affordability even less attainable for young would-be homebuyers.
U.S. mortgage applications fall in latest week: MBA
Applications for U.S. home mortgages fell 2.6 percent last week as interest rates increased, according to the Mortgage Bankers Association.
Share of First-Time Home Buyers Hits 27-Year Low
Just 33{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} of primary residences sold this year were purchased by first-time buyers, down from 38{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} last year to the lowest level since 1987, the National Association of REALTORS® reported Monday.
New program could help keep brokerages in the Realogy family
Realogy has rolled out a program that could produce its own imprinting effect on people who are set to take the reins — often from their parents — of brokerages that are part of Realogy’s franchise family.
Real People: BHGRE® Champions event scores big for Sunshine Kids
Congratulations to Better Homes and Gardens® Real Estate Gary Greene Champions office for helping raise $24,000 for the Sunshine Kids!
Finally, don’t forget to check out this week’s posts on Clean Slate: Following on the heels of his NAGLREP post, Scott Lehmann of Better Homes and Gardens® Real Estate Sonoran Desert Lifestyles took time to answer 10 Questions for us. Plus, Amy Chorew, vice president of platform development at BHGRE, offers up some great insight into how to convert those leads who are still very early on in the real estate transactional process.
Amy, along with quite a few BHGRE folks, are speaking quite a lot at NAR this weekend, so make sure to follow the conversation on Twitter with @AllThingsBHGRE and #NARAnnual! And, if you’re actually in New Orleans for NAR this weekend, we can’t wait to see the pictures! Have a productive and fun time, learn lots, and of course, get out there and grow that network!
