Real Estate

Rental population decreases for first time since 2004

But rent prices surge in 2017
After steadily climbing for the past 13 years, the population of renters decreased for the first time since 2004. Although the number of renters declined slightly in 2017, they continue to hold a significant claim on the market as renting now far outpaces ownership.
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Here are four housing predictions for 2018

Entry-level home prices could increase up to 11%
2017 is now officially over and as 2018 begins, many experts continue to give their predictions for the housing market for the new year. One expert’s forecast tells of lower housing inventory and an accelerated speed of home price gains, especially among entry-level homes.
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CoreLogic: Home prices jump 7% annually in November

But increases expected to slow in 2018
Home prices increased 7% from November 2016, but CoreLogic’s report shows these increases could begin to slow in 2018. CoreLogic’s chief economist explained rising home prices is good news for home sellers, but adds to the challenges that home buyers face.
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Value of U.S. housing market climbs to record $31.8 trillion

Renters now spending at record high
The total value of all homes in the U.S. increased in 2017 to a total $31.8 trillion, according to the latest report from Zillow. To put it in perspective, the total value of the housing market is 1.5 times greater than the gross domestic product of the U.S., and nearly three times that of China.
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2018: The year of the title company

Why real estate professionals can’t afford to continue with business as usual
The real estate industry made significant movement this year toward improved communications between all the professionals and consumers that are required for a property sale. At the core of this is a concerted effort by the title industry to apply technology to modernize and upgrade the closing process.
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Auction.com

The role of a healthy marketplace in real estate sales

Auction.com promotes an active market where buyers and sellers find success
The core of any real estate marketplace is the ability to provide an accurate read on pricing paired with the ability to efficiently support the selling of real estate in any market condition. A healthy marketplace, such as Auction.com, will consist of buyers who continually find attractive opportunities, sellers that receive market prices and qualified bids early and often, and the process of transferring ownership through the marketplace will be effective and risk-free.
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Beazer Homes expanding homebuilding operations in Carolinas

Buys hundreds of sites in $29 million deal with Bill Clark Homes
Beazer Homes, a homebuilder based in Atlanta, is set to expand its homebuilding operations in North and South Carolina thanks to a $29 million deal with Bill Clark Homes, a private homebuilder that operates in the Carolinas. Here are the details.
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Existing home sales set to end the year at highest point since 2006

Home prices to slow in 2018
Pending home sales inched up slightly in November, indicating home sales may rise to their highest point since 2006. But even as home sales increase at the end of this year, headed into 2018, NAR forecasts existing home sales and home price growth will slow primarily due to the altered tax benefits of homeownership in some high cost areas.
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