Housing-News-Report-February-2017

Housing-News-Report-February-2017

Named the Nation’s Best Newsletter by NAREE

February 2017 Vol 11 Issue 2

MY TAKE By John Burns John Burns Real Estate Consulting P10 

CLIENT CORNER By Rick Sharga Chief Marketing Officer, Ten-X P18 

BETTER TO BUY OR RENT IN 2017 P20 

Contents

P1 OUT WITH THE OLD DISTRESS, IN WITH THE NEW FORECLOSURE NORMAL

FEATURED ARTICLE

A handful of states including notably New York, New Jersey and Florida continue to struggle through a logjam of deferred distress still lingering from the last housing downturn even as the distressed market in most of the rest of the country is returning to pre-recession norms. This first of a two-part series on the distressed market outlook for 2017 focuses on how real estate brokers and foreclosure attorneys are dealing with the long tail of legacy distress in New York, New Jersey and Florida.

P10 FINALLY: DEMOGRAPHIC CLARITY

The five greatest demographic opportunities for real estate executives in the next 10 years explained succinctly by John Burns, founder of John Burns Real Estate Consulting. These five opportunities are rooted in thousands of hours of research on demographic trends for Burns’ most recent book, Big Shifts Ahead: Demographic Clarity for Businesses , and incorporate a fundamental reframing of how to define generations that no longer rely on the unwieldy 20-year generational definitions typically employed in the industry. An analysis of more than 50 million single family home and condo sales over the past 16 years reveals which month is best for realizing home-buying bargains. This analysis looks at the number of home sales occurring each month over the past 16 years, the median price per square foot for homes sold during that month in the past 16 years, and the discount or premium of that median price per square foot relative to the overall median price per square foot over the entire year. P17 BIG >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24

Made with FlippingBook Online newsletter