Real Estate News Now – Brief recaps and links to the latest in real estate news! (October 30, 2018)
Take a look at our latest roundup of real estate news from our Real Estate News Now Blog Series! Don’t forget that there’s something for everyone to read, so whether you click to increase your awareness of the real estate innovations, trends and news article making waves around our country or simply want to share with your circle of influence, make sure to share what articles resonated with you the most in the comments at Champions School of Real Estate’s Facebook and Twitter pages!
1. Trick or Treat: Mixed bag of Texas construction starts // Texas Real Estate
“Dodge Data & Analytics has released its September 2018 examination of construction start figures for the four metros in the “Texas Triangle.” Of the metros, only Austin experienced year-over-year increases across residential and nonresidential construction starts. On a national basis, new construction starts decreased 5 percent. “The pace of construction starts has clearly slowed over the past three months, following what was unsustainably high levels during May and June,” stated Robert A. Murray, Dodge chief economist.” – Texas A&M Real Estate Center
2. Millennials drive homeownership rate increase in Q3 // REAL ESTATE TRENDS
“The homeownership rate increased slightly in the third quarter, driven primarily by a jump in first-time homebuyers. The homeownership rate increased to 64.4% in the third quarter of 2018, according to the latest report from the U.S. Census Bureau. This is up slightly from 64.3% in the second quarter and from 63.9% in the third quarter of 2017.” – HousingWire
3. Gen Z Is Social And Frugal, A Perfect Match For Co-Living Developers // REAL ESTATE TRENDS
“Gen Z — the cohort that is now filling up college housing — is both frugal and social. After watching their parents struggle through the Great Recession, this generation knows the value of saving money. If that means co-living with other students, so be it.” – Realtor.com
4. 9 Interior Design Trends to Look Out for in 2019 // INTERIOR DESIGN TRENDS
“According to an October report from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, remodeling spending is expected to grow to more than $350 billion in the third quarter of 2019, which represents a slowing of spending growth compared to recent years.” – US News & World Report
5. Head to West Texas for the country’s hottest housing market // HOUSING MARKETS
“Two Texas cities have landed at the top of a list of the country’s hottest housing markets. But it’s not Dallas or Houston that have had the strongest increase in home prices. Odessa and Wichita Falls were ranked first nationally for home price gains in a new report by Realtor.com. Fueled by the oil and gas boom in the Permian Basin, home prices in Odessa were up more than 34 percent year-over-year in September, according to Realtor.com.” – Dallas Morning News
Enjoy your read — see you next week! Do you have a response or is there a relevant article I should have included? Send me an email with all questions, opinions, and suggestions to Karla@ChampionsSchool.com!
Want more? Follow Champions School of Real Estate on Social Media: