Bertha Fregoso Realtor

Top Destinations Where Renters Want to Move DAILY REAL ESTATE NEWS | WEDNESDAY, AUGUST 16, 2017 Nearly two-thirds of rentersabout 64 percentsay they plan to move to a different city before settling down, according to rental website ApartmentList.com. So where are they leaving from and going to?... Apartment List surveyed about 24,000 renters and analyzed data from 50 of the largest metros across the country. Renters in the priciest cities, such as New York, San Francisco, Denver, and Austin, Texas, indicated the most eagerness to move. Those in areas with cooler climates and low job prospects, such as Milwaukee, Cleveland, and Detroit, also say they want to move, according to the report. In the coastal cities, people want to move somewhere where rents are lower and where they can purchase a home, says Sydney Bennet, a research associate at Apartment List. However, many of the destinations where renters say they want to move also aren’t known for being cheap, the most popular being Los Angeles, Washington, D.C., and Atlanta. Those are big job hubs where a lot of people move, especially when they’re young, Bennet says. [But] they’re not necessarily going to settle down there. Bennet says that those who live in the Sun Belt, where the weather is warmer and home prices tend to be lower, are the most likely to want to stay put. San Antonio has the highest percentage of renters45 percentwho say they don’t want to move to another city. Other cities with the highest rate of renters who say they wanted to stay are Louisville, Ky.; Houston; Raleigh, N.C.; and Charlotte, N.C. About a third of renters surveyed say the reason they want to move is to find a better job. Thirty percent say they want to relocate due to affordability concerns, according to the survey.

Pending home sales numbers drop again, worrying California market analysts. Consistent with the slowdown in April’s closed home sales, low housing inventory and eroding affordability suppressed pending home sales for the fourth straight month, the California Association of Realtors has announced. The state Realtor group’s April Market Pulse Survey shows mixed results, with Realtors reporting an increase in floor calls and less open house traffic for the fourth straight month.... Based on signed contracts, year-over-year statewide pending home sales declined in April with C.A.R.’s pending home sales index dropping 7.4 percent from 122.8 in April 2016 to 113.7 in April 2017. On a monthly basis, California pending home sales increased 5.9 percent from the March index of 107.4. The April year-over-year pending sales decline is the largest since July 2014, when sales decreased 9.1 percent from the previous year. The continuation of year over year pending sales declines shows that our typically busy spring home buying season may underperform, primarily due to demand outstripping the supply of homes for sale, observed Denise Welsh, president of the Silicon Valley Association of Realtors.