Hispanics have powered more than half of the growth in homeownership in recent years, but a severe shortage of for-sale homes exacerbated by a flood of institutional investors significantly constrained Hispanics’ contribution to homeownership growth in 2013, according to the National Association of Hispanic Real Estate Professionals (NAHREP).
“This is a story of potential,” said Jason Madiedo, president of NAHREP. “Latinos are ready to buy homes now. Their biggest obstacle coming into today’s market isn’t credit — it’s lack of available housing.”
Hispanics accounted for an increase of 2.6 million owned households between 2000 and 2013, or 47 percent of all homeownership growth in the U.S., according to NAHREP’s 2013 State of Hispanic Homeownership Report.
From 2010 to 2013, Hispanics’ share of homeownership growth was even higher, with 56 percent of homeownership growth attributable to Hispanics, the report found.
But Hispanics’ contribution to owner household growth fell precipitously to 84,000 in 2013 from 324,000 in 2012, according to NAHREP CEO Gary Acosta — a 74 percent decline
- See more at: http://www.inman.com/2014/04/02/nahrep-institutional-investor-activity-taking-outsized-toll-on-hispanic-homebuyers/?utm_source=20140403&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.aHC86RwR.dpuf
Thursday, April 3, 2014
Wednesday, April 2, 2014
Home improvements that offer biggest bang for the buck | North Salem Homes
Cleaning up on spring home improvement projects requires more effort than many homeowners anticipate.
Remodeling tends to pick up as the weather improves, and this year is no exception. During the second half of 2013, the National Association of Home Builders' Remodeling Market Index, which measures how busy contractors are, was at its highest level since the spring of 2004.
When the report was released in late January, remodelers were expecting an even busier spring, with more saying they had been called to bid on a job or were already committed to a project.
If you're updating your home with the aim of adding to its value, tread carefully. Some improvements boost value more than others, and in most cases, a project costs more than it adds in value.
According to Remodeling magazine's 2014 Cost vs. Value report, the average portion of cost recouped is 66.1 percent. (Watch the video for some of the projects, small and big, that provide good value.) Of course, what buyers will think of — and might pay for — an upgrade is less of a hurdle if you plan to enjoy your fancy new kitchen or master bath for years to come.
http://www.today.com/money/home-improvements-offer-biggest-bang-buck-2D79452167
Remodeling tends to pick up as the weather improves, and this year is no exception. During the second half of 2013, the National Association of Home Builders' Remodeling Market Index, which measures how busy contractors are, was at its highest level since the spring of 2004.
When the report was released in late January, remodelers were expecting an even busier spring, with more saying they had been called to bid on a job or were already committed to a project.
If you're updating your home with the aim of adding to its value, tread carefully. Some improvements boost value more than others, and in most cases, a project costs more than it adds in value.
According to Remodeling magazine's 2014 Cost vs. Value report, the average portion of cost recouped is 66.1 percent. (Watch the video for some of the projects, small and big, that provide good value.) Of course, what buyers will think of — and might pay for — an upgrade is less of a hurdle if you plan to enjoy your fancy new kitchen or master bath for years to come.
http://www.today.com/money/home-improvements-offer-biggest-bang-buck-2D79452167
Monday, March 31, 2014
Juice up a small garden | South Salem Real Estate
Few things that you can do in the garden are more satisfying than growing your own fruit. But what if your space or time is limited? Based on my personal taste, and with a mild-climate slant, here are some choices when you have room for only one fruit tree.
These are plants that I have grown or wish I could grow. You might want to consider the same factors that I do: Will the homegrown, tree-ripened fruit taste better than what you can get from the amazing array at farmer’s markets these days? Is the tree fun or interesting or pretty to grow? Can you avoid the complications of pest control or pruning? Notice that below I don’t bring up a number of popular fruit trees, such as apples, which often need precise pest control — and so many good apples are available at markets today.
These are plants that I have grown or wish I could grow. You might want to consider the same factors that I do: Will the homegrown, tree-ripened fruit taste better than what you can get from the amazing array at farmer’s markets these days? Is the tree fun or interesting or pretty to grow? Can you avoid the complications of pest control or pruning? Notice that below I don’t bring up a number of popular fruit trees, such as apples, which often need precise pest control — and so many good apples are available at markets today.
Apricot
There’s no comparison between typical market fruit and apricots that are allowed to ripen on the tree to a near squishy, unshippable stage. Trouble is, the apricot is fussy about where it grows.
Botanical name: Prunus armeniaca, many varieties
Where it will grow: Hardy to -20 degrees Fahrenheit (USDA zones 5 to 9; find your zone). The trees are fairly hardy but bear fruit well only in climates without spring frosts. Mainly that means California’s coastal valleys.
Water requirement: Moderate; the soil must be moist while the fruit is developing.
Light requirement: Full sun
Mature size: 15 to 20 feet tall and wide
Care: Plant bare-root trees in winter. Prune in summer after the harvest. As with most fruit trees, bone up on pruning, fertilizing and pest control.
There’s no comparison between typical market fruit and apricots that are allowed to ripen on the tree to a near squishy, unshippable stage. Trouble is, the apricot is fussy about where it grows.
Botanical name: Prunus armeniaca, many varieties
Where it will grow: Hardy to -20 degrees Fahrenheit (USDA zones 5 to 9; find your zone). The trees are fairly hardy but bear fruit well only in climates without spring frosts. Mainly that means California’s coastal valleys.
Water requirement: Moderate; the soil must be moist while the fruit is developing.
Light requirement: Full sun
Mature size: 15 to 20 feet tall and wide
Care: Plant bare-root trees in winter. Prune in summer after the harvest. As with most fruit trees, bone up on pruning, fertilizing and pest control.
Apricot blossoms, just before spring’s arrival, are beautiful in their own right — especially against the dark, gnarly branches of mature trees.
See how to grow apricots
See how to grow apricots
Sunday, March 30, 2014
Saturday, March 29, 2014
Friday, March 28, 2014
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