Tag Archives: housing

Homeless Population Increases as Rents Rise

Portland and Seattle have declared states of emergency in response to the number of people experiencing homelessness By Jeff Sorg, OnlineEd Blog (PORTLAND, Aug. 3, 2017/Zillow®/) Rising rents urban areas are creating crisis levels of homelessness that will continue or accelerate as rents rise, Zillow® research has found. The connection between homelessness and increasing rents is especially strong […]

Pending Home Sales Weaken

Pending home sales fell 2.8% in January in the National Association of Realtors® Pending Home Sales Index OnlineEd Blog WASHINGTON D.C. (February 27, 2017) — Insufficient supply levels led to a lull in contract activity in the Midwest and West, which dragged down pending home sales in January to their lowest level in a year, […]

Home Purchase Sentiment Index Drops Again

Consumers Say Now is a Good Time to Buy or Sell a Home (November 9, 2016) – WASHINGTON, DC – The Fannie Mae Home Purchase Sentiment Index® (HPSI) dipped 1.1 points to 81.7 in October, the third decrease in as many months. Four of the six components that comprise the HPSI fell during the month. The share […]

Half of Today’s Home Buyers are Under 36

Millennials driving the housing market By Jeff Sorg, OnlineEd Blog (October 18, 2016) –  Half of today’s U.S. home buyers are under 36 and reflect an increasingly racially diverse middle-class according to the first annual Zillow Group Report on Consumer Housing Trends. As the U.S. housing market nears full recovery and the Millennial generation matures, 47 […]

Housing Status Quo Not Working and Voters Blame Banks

“It’s too difficult for people like me to buy a home” By Jeff Sorg, OnlineEd Blog (July 27, 2016) – According to a recent report by Schoen Consulting, voters believe that the housing status quo is not working, especially for people of color, and they blame banks and the federal government for not helping with policies […]

Real Estate Firms Are Confident About Future Profitability

The demand for real property is back, says NAR Report By Jeff Sorg, OnlineEd Blog WASHINGTON D.C. (August 6, 2015) –Real estate firms are confident in the industry’s future growth and their increasing profitability, according to the 2015 National Association of Realtors® Profile of Real Estate Firms. “A majority of firms have a positive view of the […]

Millennials Willing to Sacrifice Starbucks Visits To Finance Home Purchase

Millennials are ready to give up some conveniences in order to finance a home purchase (Washington DC, July 14, 2015) — A majority of millennials (ages 24-34) are willing to sacrifice modern day conveniences like cell phones, internet, cable and Starbucks in order to save for a down payment on a home. A new survey from […]

Home Sales Slow in April, But Remain up From a Year Ago

(Jeff Sorg, OnlineEd) –  Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the latest report from the National Association of Realtors®. All major regions except for the Midwest experienced sales […]

Generational Housing Course Helps Agents to Learn About Each Generation in Today’s Marketplace

 (Jeff Sorg, OnlineEd) – Specific age groups have common life experiences and influences that affect their needs and wants, and the way they approach major life decisions. Each generation is also affected differently by changes in financing, retirement systems, estate planning, tax laws, and housing design and location. And there is little doubt that the […]