One of the hottest debates among housing economists these days isn’t the trajectory of home sales, but whether millennials, those born in the 1980s and 1990s, want to remain urbanites or eventually relocate to the suburbs. Some demographers and economists argue that the preference of millennials, also called Generation Y, for city living will remain…
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About: Terry James
Recent Posts by Terry James
BOOMERS, MILLENNIALS, AND THE URBAN CORE: A LOVE STORY
For all the speculation about what aspiring Millennial homeowners will do over the course of the next several years, the surprising push for Boomers towards the same urban cores associated with those pesky youngsters is perhaps the more interesting story. And while many investors for decades prior put their chips on resort and retirement communities…
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8 Tools to Organize Your Life in 2015
Keep better track of your schedule, pay bills on time and don't forget another password. With the new year approaching, we’re all thinking about resolutions for 2015. While losing weight and getting your finances in order are two popular choices, one resolution many of us make year after year is to get organized, once and for…
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Perfect New Year’s Resolution: Save for a House
For many Americans, the jump into the new year marks an important step forward toward achieving a New Year’s resolution, and saving for a down payment to buy a home may be among them. But that goal can take some time, and lots of savings commitment. Thirty-seven percent of recent home buyers say it took…
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Stronger Economic Fundamentals Expected to Drive Increases in Home Sales, Housing Starts in 2015
Improvements in economic fundamentals, notably employment growth among millennials, will fuel significant increases in home sales and housing starts and a modest rise in home prices in 2015, according to CoreLogic's 2015 Housing Outlookreleased earlier this week. Sam Khater, deputy chief economist for CoreLogic, predicted an increase of 9 percent in home sales and a…
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Mortgage Delinquency Rate Predicted to Fall to Pre-Recession Level by End of 2015
The nation's mortgage loan delinquency rate is expected to fall down to 2.51 percent by the end of 2015, its lowest level since prior to the housing bust, according to data released by TransUnion on Wednesday. TransUnion predicted that the mortgage loan delinquency rate, which is the ratio of borrowers 60 or more days past…
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Fannie and Freddie Mac Lower Downpayments to 3% to Spur Housing Opportunities
Following months of talk and speculation, both Fannie Mae and Freddie Mac announced on Monday they will begin allowing qualifying first-time borrowers to purchase homes with just a 3 percent down payment. By lowering the down payment down to 3 percent, leaders from the GSEs and the Federal Housing Finance Administration (FHFA) hope to increase homeownership…
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Home Flipping Drops to Five-Year Low in Q3
Home flipping sales declined nationwide both quarter-over-quarter and year-over-year, hitting their lowest level since the second quarter of 2009, according to RealtyTrac's Q3 2014 U.S. Home Flipping Report released today. The number of home flipping sales, or those in which a home is purchased and sold within 12 months, represented 4 percent of all single-family…
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JREG Neighborhood Reinvestment Program
It’s important to make a difference in the communities that we live in and where we do business. The foundation of our communities are built upon the backs of our schools. We are reinvesting in education and the students who are in great need. We need your help to enhance the impact that we can…
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Introducing the JREG CARES Program
James Real Estate Group has joined forces to create the JREG CARES program, benefiting Seattle Children's. What is It? With every transaction JREG completes, we will make a donation to the Emergency Patient Assistance Fund at Seattle Children’s. Proceeds help fund groceries, electricity, transportation and other basic needs to help shift the focus on the child’s health rather…
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