P1 OUT WITH THE OLD DISTRESS, IN WITH THE NEW FORECLOSURE NORMAL
A handful of states including notably New York, New Jersey and Florida continue to struggle through a logjam of deferred distress still lingering from the last housing downturn even as the distressed market in most of the rest of the country is returning to pre-recession norms. This first of a two-part series on the distressed market outlook for 2017 focuses on how real estate brokers and foreclosure attorneys are dealing with the long tail of legacy distress in New York, New Jersey and Florida.
P10 FINALLY: DEMOGRAPHIC CLARITY
The five greatest demographic opportunities for real estate executives in the next 10 years explained succinctly by John Burns, founder of John Burns Real Estate Consulting. These five opportunities are rooted in thousands of hours of research on demographic trends for Burns’ most recent book, Big Shifts Ahead: Demographic Clarity for Businesses , and incorporate a fundamental reframing of how to define generations that no longer rely on the unwieldy 20-year generational definitions typically employed in the industry. An analysis of more than 50 million single family home and condo sales over the past 16 years reveals which month is best for realizing home-buying bargains. This analysis looks at the number of home sales occurring each month over the past 16 years, the median price per square foot for homes sold during that month in the past 16 years, and the discount or premium of that median price per square foot relative to the overall median price per square foot over the entire year. P17 BIG DATA SANDBOX: BEST MONTH TO BUY A HOME Chief Marketing Officer Rick Sharga explains how Ten-X is empowering consumers who transact online with one of the company’s three transformational real estate marketplaces – Auction.com, Ten-X Commercial, and Ten-X Homes – with transparent real estate data that helps those consumers make the most informed decisions possible. That transparent data is not only empowering Ten-X consumers, it’s also arming Ten-X executives with insights to inform the company’s strategic planning and business initiatives going forward. P18 CLIENT CORNER: DATA TRANSPARENCY EMPOWERING ONLINE REAL ESTATE TRANSACTIONS
Buy or Rent in 2017?
More Affordable to Buy or Rent?
P20 DATA IN ACTION
Despite rapidly rising home prices, it’s still better to buy than rent in 58 percent of 540 county-level housing markets – although that equation could be changing quickly as interest rates rise. Detailed rent, home price and wage data used to determine the buy-or- rent calculation are provided in a table for the top 20 counties where it’s still better to buy than to rent, and an interactive heat map provides similar data for the remainder of the counties analyzed.
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