Real Estate Recovery Slumps; Investors Head to Grand Rapids

Grand Rapids Attracts Investors Grand Rapids, Mich., is experiencing a resurgence in the home market and attracting investors with deep pockets from outside the state. According to Realtor® Josh DeLong, his hedge fund clients have millions to splurge, and he is buying up apartment buildings and single-family homes for his clients. DeLong has bought some 20 properties…

Home Sales are Down, but Spring Brings Hope to the Housing Market

Single-Family Home Sales Drop The housing market continues to have its ups and downs. While the industry celebrates positive numbers, the negative sales figures often bring about disappointment. Last month, sales of U.S. family homes dropped to the lowest in eight months. According to the Commerce Department, new home sales tumbled 14.5 percent to a…

U.S. Market Lures Foreign Buyers; Home Construction Slows

Foreign Buyers Rushing Into U.S. Market International buyers are continuing to make a beeline for the American housing market. Attracted by cheaper home prices, relative economic stability and an affinity to all things American, these buyers are lapping up homes. Their interest continues to rise along with rising home values and an improving market, says…

Rents are on the Rise, but Foreclosures are Waning

Landlords are Happy, Tenants Not So Much The strict lending policies and rising home prices have sidelined many potential buyers from the market. This has created a huge demand for rental properties. Rents are rising, and apartments are suddenly in high demand. It’s a jubilant time for landlords, but tenants are hurting. Their budgets are…

High Prices Hurt Buyers; Immigrants in Nashville Struggle to Find Homes

Big-City Bidding Wars For many buyers, the dream of owning a home continues to be just that – a dream. Skyrocketing home prices, stiff competition and increasing mortgage rates are becoming a source of frustration for many potential homeowners. According to CNN, buyers are getting shut out of the market in many big cities across…

Institutional Investors are Backing Off; Las Vegas is Still Struggling

Las Vegas is Still the Weakest Market The housing market in Las Vegas is still not out of the woods. According to a new study measuring the strength of the U.S. housing market, the city was positioned last on the list. Freddie Mac’s Multi-Indicator Market Index measures the stability of the housing market in all…

Existing Home Sales Decline as Rising Prices Deter Investors

Investors are Pulling Back After playing an important role in the housing market recovery, investors are now retreating with increasing home prices. Home prices rose 13.4 percent last year. The double-digit growth is making it challenging for investors to grab a good deal, so they are bowing out. “Not only are fewer deals available, but…

Florida’s Abandoned Homes; New York’s Rank in the Global Market

Abandoned Homes Haunt Florida Market Florida has taken a severe beating during the housing market crash. And although the market is healing, there are still troublesome trends. The good news is home values are rising and new foreclosures are slowing down in the Sunshine state. But, abandoned and unkempt homes continue to have a ghostly presence…

A Look at Phoenix Real Estate & Challenges to U.S. Housing Recovery

The Phoenix Market Continues to Struggle It was once the rising star of the housing industry, but ever since the bust and its subsequent fallout, the Phoenix housing market has continued to struggle. There was bad news again in January after a depressing end to 2013. According to a report released by Arizona State University,…

Uneven Market Recovery; Foreclosures Up in New Jersey

Housing Market Recovery Will Be Uneven A study confirms what the trends have suggested all along. Recovery in the housing industry will be uneven over the next five years. Some markets will spring forward while others will tread slowly. Here’s the good news. The study from the Demand Institute, a nonprofit think tank by The…