Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

Real Estate Update - Market Information You Should Know #homeownership #investment #realestate

5/5/2017

0 Comments

 
Picture
Real Estate Market Information to Keep You Up-to-Date

- A study by Fannie Mae examines homebuyer education, and explains why many buyers aren't being educated.  Most consumers interviewed in the study had little or no awareness of pre-purchase homeownership education classes unless they were required to take one.

- Sales of vacation homes plunged last year, but purchases of investment properties jumped, according to the National Association of Realtors' 2017 Investment and Vacation Home Buyers Survey.

- Vacation home purchases last year fell to 721,000, down 21.6 percent from 2015's 920,000 sales and the lowest level since 2013's 717,000 sales, NAR said.

- Investment sales in 2016 rose to 1.14 million homes, up 4.5 percent from 1.09 million in 2015.

- A lack of inventory drove up median sales prices.  The median price of a vacation home price was $200,000, up 4.2 percent from 2015's $192,000.  The median price of an investment home sales reached $155,000, up 8 percent from 2015's $143,500.

- With home prices steadily rising, an increasing share of second-home buyers financed their purchase last year.  The share of vacation buyers who paid fully in cash diminished to 28 percent (38 percent in 2015), while cash purchases by investors decreased to 35 percent from 39 percent in 2015 and 41 percent in 2014.

- NAR's survey didn't break out sales by state or metro area, but it said the South is the most popular destination for buyers of vacation homes.  The findings are based on a survey of 2,099 people who bought real estate in 2016.



0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

© COPYRIGHT 2015. ALL RIGHTS RESERVED.
  • Home
  • What is My Home Worth?
  • About
  • Contact