A measure
of homebuyer demand in 15 major metropolitan areas, based on visits to Redfin.com, the number of tours that Redfin clients have requested and the number of offers they've made.
This represents the lowest level
of homebuyer demand in 11 months and the largest month - over-month decline on record for the Demand Index, for which Redfin has data going back to January 2013.
Not exact matches
«As more people move out
of their parents» basement — and there's still quite a few living there — we expect to see continued healthy
demand for homes,» said Svenja Gudell, chief economist for Zillow, which found millennials made up 42 percent
of homebuyers last year.
Once again, the participants in the market had their reality (prices should rise as
demand surges) altered by a misconception that all
homebuyers were
of equal quality and durability.
Cape Town, South Africa leads the rankings with prime rents up 10.2 % year - on - year, as a shortage
of rental stock coupled with the introduction
of tighter credit regulations has led to a spike in
demand as potential
homebuyers find themselves having to look for rental accommodation instead.
Likewise, Spain, France, and Singapore were favoured by China buyers in the initial stage
of searching on Juwai.com, but eventually slipped out
of the top 10 list to be replaced by Germany, Vietnam, and Malaysia when it came down to the actual requests and
demands from Chinese
homebuyers.
Excluding November 2009, when
demand was bolstered by the expiration
of a federal government first - time
homebuyer tax credit, sales last month were the strongest in more than eight years.
Since the rate
of Canada mortgage is favourable for many
homebuyers, the
demand to finance real estate is increasing rapidly.
Congress also passed temporary tax credits for
homebuyers that increased housing
demand and eased the fall
of house prices in 2009 and 2010.
The NAHB's recent Home Builder Preferences Survey reveals that in addition to closer quarters, new homes are now being constructed with separate laundry rooms, which are in -
demand by both first - time
homebuyers and other generations
of buyers.
«Despite this upward trend over the past five years, the massive loss
of home equity during the housing crisis forced many homeowners to stay in their homes longer before selling, effectively disrupting the historical domino effect
of move - up buyers that feeds both
demand for new homes and supply
of inventory for first - time
homebuyers,» Blomquist says.
According to a recent survey by realtor.com ®, ranches are the most in -
demand style
of home this year, with 42 percent
of homebuyers eyeing a rambler in their search for a home.
Consequently, a whole new audience has been reached, and many
of them are potential
homebuyers who have not been following the minutiae
of data - driven real estate news that more directly impacts the supply - and -
demand equation, such as interest rates, inventory and tax reform.
As
of the end
of April, Zide was dealing with tight inventory, especially in the $ 300,000 to $ 450,000 range, which are wildly in
demand by first - time
homebuyers.
The rise in rates is not stifling
demand overall, though, according to realtor.com's report — in fact, repeat
homebuyer activity has continued, as buyers, uncertain about the future, take advantage
of still - low rates.
«The stock market's climb to new record highs, the continued stretch
of outstanding job growth and mortgage rates under 4 percent kept
homebuyer demand at a very robust level throughout the summer,» says Lawrence Yun, chief economist at NAR.
Matthews attributed the dip in the percent
of green homes selling in urban Atlanta to pent up
demand for new construction after
homebuyers «blazed through the existing home inventory» over the last several years.
This is coupled with relatively low levels
of new - home construction on the supply side insufficient to keep pace with
demand, and what is built is largely priced beyond the reach
of many
of the first - time and entry - level
homebuyers in the market.
The company's core products includes Home Valuation landing pages, which combines multiple automated home valuations with visualizations
of real - time buyer intent, its Buyer MatchTM dashboard, which intelligently pairs
homebuyers and sellers within a brokerage, and its Real - time Buyside Market Analysis (BMA), which arms a brokerage's agents with insights on buyer
demand to help them close more listing presentations.
«The expanding economy and healthy job market are generating sizeable
homebuyer demand, but the miniscule number
of listings on the market and its adverse effect on affordability are squeezing buyers and suppressing overall activity.»
«The HMI measure
of homebuyer traffic rose eight points, showing that
demand for housing is on the rise,» said Robert Dietz, chief economist
of the NAHB, in the statement.
«Along with the prosperity and the rising
demand of homebuyers in our community, prices are rising and homes are in short supply,» Telford says.
Video is in high
demand among
homebuyers that begin their home search online (more than 90 percent
of today's buyers), and yet, the vast majority
of agents are not using video as part
of how they market their listings or their services.
While that is good news, the low inventory and increased
demand have created some challenges in the market — especially for first - time
homebuyers who are being priced out
of certain desirable areas.
In villages such as Tinley Park, Woodridge, Homer Glen and Lemont, Gallagher & Henry brings a portfolio
of more than 40 home plans to towns with an established record
of forward - thinking leadership, providing
homebuyers in -
demand amenities, high - achieving schools and robust recreational options alongside expert craftsmanship that ensures a community's architectural integrity and the homeowners» long - term investment.
Homebuyers want move - in ready homes, and these delayed listings
of homes needing repairs will create a higher
demand for inventory moving into season.»
In villages such as Tinley Park, Woodridge, Homer Glen and Lemont, Gallagher & Henry claims new home offerings in towns with an established record
of forward - thinking leadership, offering
homebuyers a dynamic mix
of in -
demand amenities, high - achieving schools, robust recreational options and convenient easy access to the greater Chicagoland community with nearby expressways and train stations.
2016 was a hot year in the real estate market with high
homebuyer demand, low inventory and historically low mortgage rates throughout the majority
of the year.
An estimated 3.8 million baby boomers will need to downsize in the next decade, creating
demand for smaller homes, and «the echo boomers» coming up behind them could represent a fresh supply
of first - time
homebuyers — if they can find jobs and qualify for loans.
California West Communities
of Monteluz and Andalusia at 4S Ranch, released new single - story floorplans that meet the
demand of prospective new
homebuyers.
Home features are constantly evolving to meet the
demands of homebuyers.
For housing
demand, a number
of expiring tax law provisions would reduce after - tax income and
homebuyer and rental
demand.
«The expanding economy and healthy job market are generating sizable
homebuyer demand, but the minuscule number
of listings on the market and its adverse effect on affordability are squeezing buyers and suppressing overall activity.»
Top - tier real estate in the city and surrounding areas is in high
demand not just from local
homebuyers, but from those travelling and moving here from other parts
of the country and around the world,» says Ross McCredie
«The dramatic percentage
of increase within this price range from one year to the next speaks to the
demand — and the lack
of availability —
of homes for the first - time
homebuyers who are so important to the health
of a real estate market.»
This is especially problematic as 83 %
of homebuyers report a high
demand for single - family homes.
First - time
homebuyers, a critical source
of demand, made up 32 percent
of sales last month, up from 28 percent in July.
We are continuing to attempt to get the word out that now is the time to sell and are finding it difficult to meet the
demand of homebuyers.
Even though bidding wars are becoming less common,
demand from
homebuyers has been stronger than expected for the end
of the year.