Building Market Intelligence

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Owning Costs More than Renting

In most areas of the country, homeownership costs more than renting. Many economists with calculators claim the opposite, but the calculations and conclusions are often highly misleading. As is often the case, the devil is in the details. We recently …

Where Do We Grow?

Palm Beach County’s housing market has always been constrained: geographically, with the Everglades to the West and Atlantic Ocean to the East, and affordability-wise, as median home prices continue to climb. With families moving down from the Northeast and Midwest …

Betting on Chinese Home Buyers in the US

Chinese home buyers comprise roughly 2% of US housing demand—and far more than that in the gateway metro areas with excellent airport access. According to the NAR, 16% of international home buyers come from China and spent $29 billion last …

Focus on the Mortgage Payment to Sell More Homes

Thanks to low mortgage rates, the monthly costs of homeownership in the Washington, DC MSA are among the lowest in the last three decades. If rates rise, as the bond market seems to suggest will happen, and prices and incomes …

Affordable Florida Housing Markets Take Off

Price-conscious Florida home buyers of all ages have recently created mini-booms in the most affordable suburbs and rural areas. Affordability in the suburbs Sales have increased recently in communities within a 45 minute to 1 hour commute to major employment …

A New Opportunity to Build Detached Homes for Rent

10% of Housing Demand Builders and developers will now start building more detached homes for rent. For years, home builders have ignored 10% of housing demand, allowing resale homes to fill the demand. As shown below, 12.7 million of today’s …

California’s Housing Costs to Income Ratios

California has always been expensive, and it is getting even more expensive as buyers from all over the world flock to the Golden State. Even considering today’s low mortgage rates, the ratio of monthly housing costs (which include mortgage, PMI, …

Don’t Let the Drought Dry Up Your Sales

When shopping for a new home, buyers have a new concern to add to their list: How are the schools? Is the area nice? Is there retail nearby? Will I have water? Maybe. Water has become the issue du jour …

Landlords Encouraging Renters to Move

Rents in the highest-quality apartments rose 4.4% last year, including an 8.0% jump in one West Coast portfolio. With a very high occupancy level (95.8%) and job growth exceeding construction levels in almost every major market in the country, landlords …

Successful New Home Design Trends

Here are 4 of the 10 trends our DesignLens team published this month, to give you a taste of what buyers are looking for in new homes that they cannot find in the resale market: More light in high-density housing …