Found 5 blog entries tagged as Nation of Renters.

Homebuilder Sentiment Drops Over 50% in 2022

Home builder sentiment has dropped over 50% this year from a high of over 83 down to 38. Rising interest rates are the reason cited for this negative outlook score of 38. The NAHB Housing Market Index measures sentiment among builders of US single-family homes and any score below 50 is considered a negative outlook by the builders.

This is the first year since 2011 that we've had a decline in single-family home starts. This is a big deal because if you look at the 2008 financial crash, builders built fewer homes during that time frame. During the ensuing demographic boom and with fewer homes being built, we saw a deficit of about 5.5 million homes during that period. We’re just now back to a normal…

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Parents of Millennials - This real estate advice is For You

I want to talk to parents of millennials, and even grandparents of millennials, and offer the best real estate advice for our current housing market.  The United States real estate is at an inflection point with high prices and high-interest rates. The bad news is the recent challenges we see with millennials and the housing market will not go away soon. The good news is that the Fed is starting to slow down demand. However, due to 5.5 million home deficit in this country, the Fed will unlikely slow down demand at a reasonable rate required for equilibrium to occur in the housing market.

Being a parent has me thinking about how I can help my kids and future grandkids set up for success.…

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Why Rents Are Rising

According to a recent article by Redfin, the average rent in the U.S. increased 14.1% year over year. Why are rents rising and when will these rents come back down?

1) We all know that we're experiencing the highest inflation rate we've seen in twenty years of 8.5%. This is a result of the Fed printing more and more dollars. In fact, 40% of the dollars in circulation have been printed in the last two years.

2) Demographics. Our nation is continuing to grow but our housing has not kept pace since the 2008 real estate crash.

3) Millennials and lack of buying opportunities for this generation. Many of them are at prime ages to settle down and purchase their first home. However, the challenge is that they're losing…

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Bad News for Huntsville Renters

There's bad news out there for renters in Huntsville, Alabama with rents rising 17% nationally. Our local WAYY 31 reported average rent is up $283 a month to an average of $1,792. That's over $3,300 per year which is the difference between a staycation at the apartment pool and heading to the beach this summer.

The article also cites the chief economist at Realtor.com who said, “Rents will remain high and expect some cooling from the current pace.” I think that's a little optimistic because some cooling could also mean we rise 6%, 8%, or even 10%. So with that, I still think there's going to be a lot more room for these rates to rise. 

The reason for that is 40% of US dollars have been printed in the…

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Should America become a 'Nation of Renters'?

When you think of the American dream, what do you think of? If you're like most people, it's owning your home with a white picket fence. Okay, maybe not the white picket fence anymore.

Bloomberg published an article recently by Karl Smith that our Nation's becoming a ‘Nation of Renters’, which unfortunately I believe is the case. The article said, “America actually should become a nation of renters”; which I think is absolutely preposterous. Let's take a look at some of those arguments and why it is so ridiculous:


#1 - Lack of Liquidity


They pointed to the lack of liquidity in the housing market which sometimes makes it challenging to migrate to new areas. While this is true in some…

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