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U.S. Housing Starts Increase to Over Decade High in August
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced that housing starts in August of 2019 has increased 12.3% to a seasonally adjusted rate of 1.364 million. This amount is 6.6% higher than the same time last year and the...
Home Building Shortage Will Last Until 2022 According to Experts
Housing starts reach normal levels by 2022 according to experts According to a survey rendered by Zillow of housing experts, the general consensus is that the home building shortage will last until 2022 or later. The survey which is called the Q3 2019 Zillow Home...
Pending Home Sales Decline in July After Recent Uptick
That National Association of Realtors (NAR) is reporting the pending home sales declined nationally in July 2019 by 2.5% nationally. Pending home sales have changed course after seeing two consecutive months on increasing pending home sales. The increase of the...
Builders’ use of Incentives Shows Normalcy of Housing Market
According to a new survey by the National Association of Home Builders (NAHB), builders use of incentives which are options or upgrades at a reduced price or free to the owner has been reduced to figures before the boom or bust era indicating a normalcy of the housing...
Report Indicates Tappable Equity Has Hit An All-Time High
Home Equity hits All-Time High Housingwire is reporting that Black Knight will report that Tappable Equity will hit an all-time high of $6.3 trillion according to their 2nd quarter data. Black Knight, which considers themselves as a leading provider of integrated...
The Ins and Outs of Obtaining Flood Insurance in New York City
In New York City, we have been accustomed to flash floods that have affected properties. There are also designated areas in the City, particular near the shore that are considered flood zones that additional flood insurance is needed. Normally regular insurance...
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