No Longer a Seller's Market

It seems like there is a shift in the market, again.  Redfin's July 2014 Housing Market report states that, "seller's are finally catching on that it's not a seller's market anymore."  The result is from a slowdown in home price growth as well as a shift in pricing power from sellers to a more balanced market.  The ending of summer and start of fall will also motivate sellers to drop their listing prices further in attempt to sell before the end of the year holidays.  Read the entire report here.

Are Baby Boomers Downsizing?

Fannie Mae issued a recent article detailing that so far Baby Boomers have shown little sign in selling their homes to downsize or relocate.  Is it just a matter of time before they move or is it that they are still waiting for the housing market to peak?  Or could it be, as AARP found out in a survey in 2010, that nearly nine in ten Baby Boomers prefer to remain in the current residences for as long as possible?  The Fannie Mae article suggests that the inevitable will be that a large enough amount of Baby Boomers will end up relocating and causing quite a stir in the housing market.  Read the entire article here.

Housing Recovery Back to Normal

The housing market continues on its road to recovery, as now one in six metro areas nationwide have either returned to or exceeded their previous norms and the national market edges 86% back to normal, according to the National Association of Home Builders (NAHB).  According to David Crowe, Forty-five percent of metro areas are recovering at a faster pace than the nation as a whole.  This is continued good news for the national housing market.  Read the entire article at:  http://www.nahb.org/news_details.aspx?sectionID=2694&newsID=16608