TWiRP – November 14, 2015

This week in rental property, mortgage rates rose up to 3.98 percent in in anticipation of a Federal Reserve rate hike next month. Housing market is recovering but the number of first-time home buyers are at the lowest point in 28 years. HomeUnion announced top 10 investment markets in the U.S. for single-family rentals and Coldwell Banker’s released this year’s annual Home Listing Report. Lastly, Wall Street Journal provided an interactive U.S. housing market tracker.


Mortgage rates pushed upward following strong employment data

The 30-year fixed-rate average jumped to 3.98 percent with an average 0.6 point, creeping ever closer to the 4 percent mark. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.87 percent a week ago and 4.01 percent a year ago. Since falling to a six-month low of 3.76 percent in late October, the 30-year fixed rate has gained 22 basis points in two weeks. (A basis point is 0.01 percentage point.)


Number of First-Time Homebuyers at 28-Year Low

Housing is recovering in sales and prices, but one segment is stubbornly weak and getting weaker. The share of first-time buyers fell to the lowest level in nearly three decades, just 32 percent of all purchases, according to the National Association of Realtors’ annual profile of buyers and sellers. Investors are not included in the survey.

At the same time, the share of buyers saying their primary reason for buying was the simple desire to own rose overall and most dramatically among first-time purchasers.


HomeUnion Study Identifies Top 10 Investment Markets in the U.S. For Single-Family Rentals

HomeUnion, an online real-estate investment management firm, enabling value investing in single-family rental (SFR) properties, announced a new ranking of the top 10 markets in the U.S where investors can now affordably and prudently buy rental properties. The list is headed by Charlotte, N.C., and tends to be made up of middle market cities and MSAs.

Based on HomeUnion’s analysis, the top 10 SFR investment markets are:


Here’s what a four-bedroom home looks like in America’s most expensive markets

Coldwell Banker’s annual Home Listing Report compares the average listing price for four-bedroom, two-bathroom homes across 2,700 US real-estate markets. This year’s report analyzed more than 81,000 similar-size homes and found that half of the top 100 most expensive housing markets in the country were in California, including nine of the top 10.


Home Listing Report 2015


U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.


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