Redefy Real Estate housing news UFO image of Seattle house for sale

Top 10s, Red Flags and a UFO

Redefy Real Estate housing news image of Jet Capsule UFO bottom

Redefy housing news 1.16.2017

This week in housing news you can use, we have 4 Top 10s in housing, concern about deals, what Trump needs to do to help housing, and a UFO you can live in.

Top 10 growing housing markets

Trulia’s new ranking highlights the Top 10 US real estate markets to watch for growth. The site looked at markets with high affordability, strong job growth, home searches, political affiliation and low vacancy rates.

  1. Jacksonville, FL
  2. Cape Coral-Fort Myers, FL
  3. Deltona-Daytona Beach-Ormond Beach, FL
  4. Grand Rapids, MI
  5. Tampa-St. Petersburg, FL
  6. Colorado Springs, CO
  7. Charleston, SC
  8. San Antonio, TX
  9. Phoenix, AZ
  10. North Port-Sarasota-Bradenton, FL

Source: Buzz Buzz News

Top 10 hottest real estate markets

Redefy Real Estate housing news UFO image of Seattle house for sale
A beatuiful 4 bedroom in Seattle: NE 22927 159th St., Woodinville, WA

Zillow created a list similar to Trulia’s but based its forecasts on quickly rising home values, low unemployment rates and strong income growth. The results are quite different:

  1. Nashville, TN
  2. Seattle, Washington
  3. Provo, UT
  4. Orlando, FL
  5. Salt Lake City, UT
  6. Portland, OR
  7. Knoxville, TN
  8. Ogden, UT
  9. Denver, CO
  10. Sacramento, CA

Source: Business Insider

Top 10 most affordable housing markets

Redefy Real Estate housing news 1.16.2017 UFO image via Aiken Properties Inc. UBP ARR
Three bedrooms, two baths in horse country for $129K? Aiken, SC is a hidden gem.

Based on an ATTOM analysis, these 10 real estate markets were ranked the most affordable. The rankings were based on ownership cost as a percentage of monthly wage and whether wages were rising faster than home prices. Some aren’t the nicest place to live, and others are surprisingly swell.

  1. Greene, TN
  2. Anderson, TN
  3. Wayne, MI
  4. Trumbull, OH
  5. Rock Island, IL
  6. Bay, MI
  7. Sullivan, TN
  8. Saginaw, MI
  9. Madison, AL
  10. Aiken, S. Carolina

Source: 24/7 Wall Street

Housing’s new red flag: another Top 10

According to Trulia, home sale transactions have been failing at an increasing rate, up to 4.3 percent compared to 1.4 percent two years ago. Why? Lower inventory for first-timers who can’t afford additional repairs after inspection. Here are the 10 metropolitan areas with the highest percentage of failed deals last year:

  1. Charleston, South Carolina: 16.5 percent
  2. Fort Worth, Texas: 15.3 percent
  3. Dallas, Texas: 15 percent
  4. Atlanta, Georgia: 13.8 percent
  5. Ventura County, California: 13.7 percent
  6. Portland, Oregon: 13.5 percent
  7. Houston, Texas: 12.8 percent
  8. Tucson, Arizona: 12.7 percent
  9. Orange County, California: 12.4 percent
  10. Los Angeles, California: 12.2 percent

Source: CBS MarketWatch

What the Trump administration needs to do for housing

election houseTo facilitate a complete recovery of the US housing market, the new administration must focus on these issues: creating more affordable housing, especially for first-time home buyers; and making it easier and less risky for banks to make FHA loans. The solutions include easing up on FHA penalties for small mistakes that lead to large fines and creating tax credits for building affordable homes.

Source: Washington Post

Buying more affordable than renting for most US markets

It’s a strange conundrum. Limited inventory has driven up home prices. Yet rentals in these same markets continue to rise. What’s the better deal? ATTOM Data Solutions’ 2017 Rental Affordability Report says it’s still more affordable to buy than rent. In fact, that’s true for 66 percent of US housing markets, even with rising rates.

Redefy Real Estate housing news 1.1620167 UFO image of ATTOM buy vs rent 2017
Click on the image to view an interactive map.

Source: Construction DIVE

A UFO to call home

Redefy Real Estate housing news 1.16.2017 UFO image of Jet Capsule schematic

If you want to live off the grid, get off the land. Mini yacht maker Jet Capsule has created the Unidentified Floating Object (UFO) that is a fully sustainable one- to four-bedroom home. A combination of solar, wind and possibly water power connect to a 16-battery array that keeps all the amenities going. There’s a water generator and room for a vegetable garden. The UFO can be tethered to the ocean floor or travel under its own power up to 9 knots. The saucer shape offers extra stability as well as plenty of deck space. You can own one of these as early as 2018, with prices starting in the $200,000s.

Redefy Real Estate is a full service real estate brokerage saving sellers thousands with flat fee listings. Because you’ve got more important things to spend your equity on — like your own UFO!

Redefy Real Estate. For the Important Things (not real estate commissions)

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