Real Estate Roundup
Active Home-Building Industry Will Lead to More Demand for Warehouse Space
Strong consumer spending and the rise in housing construction activity are currently the prime factors for the incredible rebound of the U.S. industrial real estate sector, and experts say as home buying continues to increase, so will demand for warehouse space. — From NRE Online
To Buy or Not to Buy: That Is the Developer’s Question
As land costs continue to rise in urban areas, developers are focused more than ever on assessing the financial viability of their potential projects at a very early, pre-acquisition stage. Savvy developers recognize that developing a conceptual design and associated conceptual budget at the very beginning of the due diligence stage enables the development team to quickly assess the design and construction cost aspects of the potential development—and, if need be, look at design alternatives that will adjust the cost. Because survey after survey has indicated that the current trend of increased costs for site acquisitions and project development is prevalent, engaging a qualified builder with demonstrated project-specific experience, local knowledge, and strong estimating and pre-construction capabilities is key to receiving reliable data and feeling confident about the pro forma that is created. — From NRE Online
The 20 Hottest U.S. Real Estate Markets in June 2015
Summer is officially here, and just like the heat waves sweeping through much of the country, the real estate market shows no sign of cooling off any time soon, according to a preliminary analysis of June data for realtor.com®. — From Realtor.com
Who are the homebuying Millennials?
What does a Millennial homebuyer truly look like? This highly discussed generation is frequently defined in the housing industry, and looking at several reports, they are ready to jump into homeownership. — From Housing Wire
4 reasons why now is a good time to buy a home
Everyone has their own specific set of factors that that can motivate them to jump into the housing market. For those potential buyers still on the fence about whether they want to buy, LendingTree outlined four reasons why people may want to start their homebuying process this summer. — From Housing Wire
Mortgage rates rise as housing flourishes
Mortgage rates floated higher this week after the Federal Reserve signaled that at least one interest rate hike is on its way later this year. The uptick comes as the housing market’s momentum strengthens. — From Bankrate
15 questions to expect from a mortgage lender
Put yourself in the mortgage lender’s shoes: Before giving someone a big loan, wouldn’t you want to know a lot about the borrower? Expect your mortgage application to ask these questions about your income, credit history, the home you want to buy, how much money you have saved and more.
Pending Home Sales Index increased 0.9% in May, up 10% year-over-year
Signed contracts to buy existing homes, so-called pending home sales, rose just 0.9 percent in May from April, according to the National Association of Realtors, after a downward revision to April’s reading. That is slightly lower than analysts predicted, but is still the highest level on the association’s index since April of 2006. Pending sales are now 10.4 percent higher than one year ago.