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Zillow 2014 Housing Predictions

Zillow 2014 Housing Predictions | Real Estate News | Scoop.it

As the year draws to a close, we are looking ahead to identify trends that we will see in 2014. To that end we have come up with four housing predictions for 2014, and have also determined which housing markets will be the hottest this coming year. Here they are:


Via Russ Bergeron
Brad Anderson's insight:

Although I don't agree with the ease of getting a loan next year as there are more restrictions, this prediction could apply for the next 5 years.  Still a shortage of home to sell.  Come see me if you want your offer to get accepted the first time.

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Brad Anderson's curator insight, December 5, 2013 7:32 PM

This pretty much applies to the next 5 years.  I disagree with the ability to get a loan as there are more restrictions in 2014 but there is still a shortage of inventory.  Very competitive for buyers.  Come see me if you want to make sure your gets accepted the FIRST time.

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10 reasons why so many people are moving to Texas

10 reasons why so many people are moving to Texas | Real Estate News | Scoop.it

Five of the 10 fastest-growing cities in the country between 2011 and 2012 were in Texas, according to new figures from the US Census Bureau.


Via Michael Stuart
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Michael Stuart's curator insight, June 5, 2013 10:07 PM

Every way you look at it, there are a lot of people moving to Texas.


Some of this Texan population boom is due to a natural increase - more births than deaths - but the numbers moving into the state from elsewhere in the US and from abroad far outstrip every other American state.


1. Jobs
"The unconventional oil and gas boom has helped turn Texas into an economic juggernaut, particularly world energy capital Houston, but growth has also been strong in tech, manufacturing and business services."
Texas has plenty of high-wage, blue-collar jobs and jobs for university graduates. Four of the top 10 metropolitan areas for job growth in 2013 are in Texas. Texas also has a huge military presence, which grew as defence spending increased in the decade after 9/11. Many retired Texans first came to the state as service personnel.


2. It's cheaper
"The ratio of the median home price to median annual household income in Houston is only 2.9. In San Francisco, it's 6.7.


3. Homes
Land is cheaper than elsewhere and the process of land acquisition very efficient, says Dr Ali Anari, research economist at the Real Estate Center at Texas A&M University. "There is an abundant supply of land and fewer regulations and more friendly government, generally a much better business attitude here than other states." This flexibility, plus strict lending rules, helped to shield the state from the recent housing market crash.


4. Low tax
Texas is one of only seven states where residents pay no personal state income tax. The state has a disproportionate take from property taxes, which has become a big complaint among homeowners, she adds. But overall, only five states had a lower individual tax burden than Texas, according to Tax Foundation research. There are also tax incentives for businesses and this week legislators cut more than $1bn off proposed business taxes.


5. Pick your own big city
Texas has six of the country's 20 biggest cities, says Erica Grieder, author of Big, Hot, Cheap and Right: What America Can Learn from the Strange


6. Austin in particular
People like to perpetuate a myth that Austin is still the Austin it once was, says Joshua Long, author of Weird City: Sense of Place and Creative Resistance in Austin, Texas. So as it's become a big city, a movement has developed to "keep it cool, keep it weird and keep it environmentally friendly".


7. Family-friendly
Because of its good-value housing, Texas has been particularly popular with families, and some of its cities now have an above-average number of children. San Antonio is home to the largest community of gay parents.
In Texas, you can have a reasonable mortgage and pretty good schools, says Grieder. And restaurants are invariably family-friendly.


8. Fewer rules
"Texas is liberal in the classic sense, it's laissez-faire, so there's a lack of regulations," says Grieder, and this can apply to the obvious (business regulations) or the less obvious (city rules).
"The classic social contract is - we're not going to do a ton to help you but we're not going to get in your way. That's not 100% true of the state but there's that strand in the state."


9. Texans are normal people
The state likes to proclaim itself as an unpretentious, down-to-earth place where people are easy to get along with.
As John Steinbeck wrote: "Texas has a tight cohesiveness perhaps stronger than any other section of America."
And for people with conservative values, it could be a natural home, although demographic shifts have prompted speculation it will be a Democratic state in the future.


10. And they're not going anywhere
All this doesn't just bring in new arrivals - native Texans aren't leaving the state either. It is the "stickiest" state in the country, according to the latest figures from the Pew Research Center, which suggest that more than three-quarters of adults born in Texas still live there.

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What Happened The Last Time Oil Prices Crashed Like This? - Commodity Trade Mantra

What Happened The Last Time Oil Prices Crashed Like This? - Commodity Trade Mantra | Real Estate News | Scoop.it
There's been only one other time in history when the price of oil crashed by over $40 in less than 6 months. The last time was during second half of 2008.

Via CommodityTradeMantra
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CommodityTradeMantra's curator insight, December 2, 1:35 PM

OPEC is now engaged in a “price war” with the United States. If the price of oil stays at this level or continues falling, we will see a significant number of U.S. shale oil companies go out of business and large numbers of jobs will be lost. The Saudis know how to play hardball, and they are absolutely ruthless.

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Foreign buyers fuelling sales in luxury real estate market: report - 680 News

Foreign buyers fuelling sales in luxury real estate market: report - 680 News | Real Estate News | Scoop.it
680 News Foreign buyers fuelling sales in luxury real estate market: report 680 News TORONTO – Sales of luxury homes will likely gain momentum in the fall, fuelled by demand from international investors, according a new report from real estate...

Via Patricia Lallier
Brad Anderson's insight:

Texas gets about 9% of these buyers, behind NY, LA, and Phoenix.

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7 Mistakes To Avoid When Investing In Real Estate

7 Mistakes To Avoid When Investing In Real Estate | Real Estate News | Scoop.it
There is money to be made in real estate, but you need to think about real estate investing as the business it is. Her.
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Real Estate Forecast: Specialty grocers leading way in new developments - Fort Worth Business Press

Real Estate Forecast: Specialty grocers leading way in new developments - Fort Worth Business Press | Real Estate News | Scoop.it
Real Estate Forecast: Specialty grocers leading way in new developments Fort Worth Business Press Supermarkets are blazing a trail for massive retail and mixed-use development in Fort Worth as apartment construction surges and a strengthening...
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First-time homeowners, it’s time to pay attention | Advice for Consumers | Texas Association of REALTORS

First-time homeowners, it’s time to pay attention | Advice for Consumers | Texas Association of REALTORS | Real Estate News | Scoop.it
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Nearby residents once fled D/FW Airport; now they crowd it - Dallas Morning News

Nearby residents once fled D/FW Airport; now they crowd it - Dallas Morning News | Real Estate News | Scoop.it
Nearby residents once fled D/FW Airport; now they crowd it
Dallas Morning News
Quieter planes, scarce real estate and new expectations have reformed a 17,000-acre blight into no greater terror than a yappy dog.
Brad Anderson's insight:

We ALL live near DFW and 99.9% of the time, I don't notice.

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It’s not going to fix itself … really | Advice for Consumers | Texas Association of REALTORS

It’s not going to fix itself … really | Advice for Consumers | Texas Association of REALTORS | Real Estate News | Scoop.it
Brad Anderson's insight:

Amen-gotta keep up with repairs and updating.

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Lower Down-Payment Requirements for Jumbo Loans

Lower Down-Payment Requirements for Jumbo Loans | Real Estate News | Scoop.it
Many small lenders, such as community banks and credit unions, say they are willing to cover jumbo loans with 5 percent to 10 percent down payments now.
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Kitchen Design Guide

Kitchen Design Guide | Real Estate News | Scoop.it
Designing your dream kitchen? HGTV's kitchen design experts help you make it a reality with inspirational decorating, color, trend and remodeling advice.
Brad Anderson's insight:

How about a new kitchen for 2014.

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Download: 5 Housing Market Predictions You Need To Know

Download: 5 Housing Market Predictions You Need To Know | Real Estate News | Scoop.it
Now’s the time of year when we begin to look forward to what’s to come. So, what should you expect for next year’s housing market? We took ...
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Good info to know heading into 2014.
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Aluminum manufacturer triples DFW footprint in Coppell - Dallas Business Journal

Aluminum manufacturer triples DFW footprint in Coppell - Dallas Business Journal | Real Estate News | Scoop.it
Aluminum manufacturer triples DFW footprint in Coppell
Dallas Business Journal
Richard Carlson of The Carlson Co. and Day Lancaster of NAI Brannen Goddard represented the tenant. John Leinbaugh of IDI represented the landlord in the deal.
Brad Anderson's insight:

Great for business.  Coppell's Old Town is pretty spectacular too. 

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Texas homeowners are buying later and have more income

Texas homeowners are buying later and have more income | Real Estate News | Scoop.it
Texas homebuyers are making their purchases an older average age and have higher income levels than nationwide buyers, according to a new report by the Texas Association of Realtors. In 2013, the average age of homebuyers in Texas was 43, according to the statewide real estate trade ...

Via John M. Holland
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John M. Holland's curator insight, March 4, 9:24 AM

During previous housing cycles, buyers became homeowners earlier. But with higher lending requirements and challenging economic conditions, many young potential homebuyers have put off purchases, research shows.

Kathy Rester Fisher's curator insight, March 4, 1:28 PM

Real Estate is AWESOME here in North Texas! If you are to begin your search OR SELL and you are looking or located in Wise County area, give me a call & let's get started.

Ravi Bhatia's curator insight, March 5, 7:51 AM
Texas homeowners are buying later and have more income
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Pending Home Sales Slow in October but Remain Higher Than a Year Ago

Pending Home Sales Slow in October but Remain Higher Than a Year Ago | Real Estate News | Scoop.it
Pending home sales declined in October but remained at a healthy level of activity and are above year-over-year levels for the second straight month.

Via John M. Holland
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Demand for Texas homes stays strong | Advice for Texas REALTORS® | Texas Association of REALTORS

Demand for Texas homes stays strong | Advice for Texas REALTORS® | Texas Association of REALTORS | Real Estate News | Scoop.it
Brad Anderson's insight:

it's a great 2014 already, who wants to sell?

 

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A sure way to kill a potential deal | Advice for Consumers | Texas Association of REALTORS

A sure way to kill a potential deal | Advice for Consumers | Texas Association of REALTORS | Real Estate News | Scoop.it
Brad Anderson's insight:

Words of wisdom as we head into spring.

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What increasing luxury home sales means for the average homeowner | Advice for Consumers | Texas Association of REALTORS

What increasing luxury home sales means for the average homeowner | Advice for Consumers | Texas Association of REALTORS | Real Estate News | Scoop.it
Brad Anderson's insight:

Luxury is up!

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12 Clever Uses for Old Furniture

12 Clever Uses for Old Furniture | Real Estate News | Scoop.it
Browse through these HGTV.com photos of repurposed household furnishings to get inspiration for your home.
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Childproofing Your Home

Childproofing Your Home | Real Estate News | Scoop.it
Create a safe, organized and kid-friendly home for your children with HGTV.com's best childproofing tips, tricks and ideas.
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Bye-bye, old-fashioned incandescent light bulbs - Fort Worth Star Telegram

Bye-bye, old-fashioned incandescent light bulbs - Fort Worth Star Telegram | Real Estate News | Scoop.it
Bye-bye, old-fashioned incandescent light bulbs
Fort Worth Star Telegram
21, 1908, above the backstage door at the Byers Opera House, which became the Palace Theater in downtown Fort Worth. It has been on display in the ...
Brad Anderson's insight:

Thoughts?

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Are your listing photos this bad? - MSN Real Estate

Are your listing photos this bad? - MSN Real Estate | Real Estate News | Scoop.it
Here are six of the worst real estate photos you'll ever see.
Brad Anderson's insight:

Sometimes it's not just the content of the home but lighting, angles, and staging too. 

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10 Tips for Decorating With Mirrors

10 Tips for Decorating With Mirrors | Real Estate News | Scoop.it
Check out these 10 tips for decorating with mirrors from designers at HGTV.com.
Brad Anderson's insight:
Mirrors!
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What Do Luxury Home Buyers Really Want?

What Do Luxury Home Buyers Really Want? | Real Estate News | Scoop.it
Luxury home designers are including everything from fur refrigerators to laser security systems to woo buyers, but what amenities does the high net worth individual (HNWI) really want in a home?
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