Hello, Friday afternoon, we meet again! Welcome to the Real Estate Round-up, industry news that caught our eye this week.
Cash Property Deals Reach Record with U.S. Boomers Retiring
The recent BHGRE Boomers survey says that 60 percent of Baby Boomers plan to move out of their present home. Sherry Chris explains that these boomers don’t want to be dependent on a mortgage, so they will pay cash if they can.
America’s Biggest Homes are Getting Even Bigger
The average size of homes built last year hit 2,600 square feet, an all time-high that surpassed even the housing bubble years.
Home Price Gains of 20% vanish as Hottest Markets Cool
Home sellers are lowering their expectations as buyer demand cools. None of the 100 largest US metropolitan areas had increases of more than 20 percent in residential asking prices last month.
What do American Homeowners Really Want?
The US Census Bureau shows that both the median and average size of a new single-family home built in 2013 have hit new all time highs.
These 3 Homebuilders are primed to Capitalize on the Market
Surveys show that the average interest rate for 30-year, fixed-rate mortgages is at 4.12%, the lowest it’s been all year. The low interest rate environment could prove to be a boon for D.R. Horton, Beazer Homes and MDC Holdings.
How Real Estate Brokerages can Generate Great Ideas and Foster Innovation
Joseph Rand with BHGRE Rand Realty discusses why brokers shouldn’t be expected to shoulder the burden of innovation alone.
Face Time: Why Broker Networking Matters More than Ever
Power brokers view networking as one of the most important components of running a profitable real estate firm. Ed Krafchow from BHGRE Mason-McDuffie agrees.