Housing-News-Report-February-2018

Contents

FEATURED ARTICLE

More than six million buyers stepped up and bought a home in 2017, the most since 2006. It’s a huge vote of real estate confidence, a trillion-dollar bet that all is right with the housing market. But the tea leaves are not so clear looking ahead. There’s now a tug-of-war in the real estate marketplace which suggests that 2018 will be a year of transition, that many of the old assumptions will be tested. P1 PERSISTENT HOME PRICE APPRECIATION PRESSURES MARKET ORTHODOXIES Sam Freshman, chairman of the Standard Management Company, shares how his company made the decision to purchase a substantial amount of property in Reno, Nevada, prior to Tesla announcing the building of a Gigafactory there in September 2014, and how that decision-making process can be applied to finding great real estate investing opportunities elsewhere. P14 MY TAKE: FINDING THE NEXT RENO P18 SPLITTING THE ATTOM: HOW BLOCKCHAIN COULD TRANSFORM PROPERTY RECORD TRANSPARENCY Discover the 12 U.S. housing markets where the share of distressed home sales increased in 2017 and where the average distressed sale discount was at least 30 percent or more — both metrics counter to the national trend where the share of distressed sales dropped to the lowest level in 10 years and where the distressed sale discount averages 15 percent. P21 BIG DATA SANDBOX: THE DISTRESSED DISCOUNTS DOZEN P22 SPOTLIGHT: PENSACOLA A PRIMER ON JOB MIGRATION TO AFFORDABLE HOUSING MARKETS ATTOM data warehouse developer Felix Tom delves into the blockchain technology behind the cryptocurrency craze of late, and explains how that underlying technology could be transformative not only when it comes to buying and selling property but also when it comes to recording and maintaining public property records. Attracted by $30 million in government subsidies and assistance, the largest credit union in the world, Navy Federal, is building an operations center near Pensacola expected to employ 10,000 people — helping to fuel a housing boom while also providing employees with the opportunity to find affordable housing minutes from the beach, and pay no state income tax. P24 DATA IN ACTION: WHERE HOME SELLERS ARE RAKING IN THE BIGGEST PROFITS U.S. home sellers in Q4 2017 realized an average home price gain since purchase of $54,000, up from $53,732 in the previous quarter and up from $47,133 in Q4 2016 to the highest since Q3 2007 — a more than 10-year high. Find out which markets had the highest home seller profits and how much home sellers in your local market are raking in on average.

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