Miami has more unmarried people buying homes together than any other US city

A new study by ATTOM Data Solutions analyzing U.S. residential property loan originations in the first quarter of 2017 shows non-married co-borrowers accounted for 40.2 percent of single-family home sale loans in Miami — more than any other city in the U.S.

Rounding out the top five cities with homebuyers suffering from an apparent fear of commitment were Seattle (37.4 percent), San Diego (28.9 percent), Los Angeles (28.2 percent) and Portland (27.7 percent).

 

But those numbers don’t mean that Miami has more couples living in sin than any other city.

“The first thing that comes to mind when you hear co-borrowers is two people who are living together,” says Ron Shuffield, president of EWM

... read more at: http://www.miamiherald.com/news/business/real-estate-news/article152819339.html

Miami has more unmarried people buying homes together than any …

A new study by ATTOM Data Solutions analyzing U.S. residential property loan originations in the first quarter of 2017 shows non-married co-borrowers accounted for 40.2 percent of single-family home sale loans in Miami — more than any other city in the U.S.

Rounding out the top five cities with homebuyers suffering from an apparent fear of commitment were Seattle (37.4 percent), San Diego (28.9 percent), Los Angeles (28.2 percent) and Portland (27.7 percent).

 

But those numbers don’t mean that Miami has more couples living in sin than any other city.

“The first thing that comes to mind when you hear co-borrowers is two people who are living together,” says Ron Shuffield, president of EWM

... read more at: http://www.miamiherald.com/news/business/real-estate-news/article152819339.html

City looks to future of aging population

SOUTH PORTLAND — The South Portland City Council has taken the first step in what is expected to be a years-long process aimed at assuring all elderly residents are able to age in place safely, with dignity and can live independently in their own homes for as long as possible.

At its May 22 scheduling workshop, the council agreed to a future discussion on a proposal by Councilor Maxine Beecher to create an ad hoc senior citizens advisory committee.

Under a new process being used by the council, Beecher submitted a workshop proposal form to raise the issue. Because that form had a pair of names attached as cosponsors, it automatically had the second it needed for discussion, and the remainder of the council readily agreed it was a worthy topic for a future workshop. Mayor Patti Smith said it could make the schedule for a first hearing as soon as August

... read more at: http://sentry.mainelymediallc.com/news/2017-05-26/Front_Page/City_looks_to_future_of_aging_population.html

Miami has more unmarried people buying homes together than any other U.S. city

A new study by ATTOM Data Solutions analyzing U.S. residential property loan originations in the first quarter of 2017 shows non-married co-borrowers accounted for 40.2 percent of single-family home sale loans in Miami — more than any other city in the U.S.

Rounding out the top five cities with homebuyers suffering from an apparent fear of commitment were Seattle (37.4 percent), San Diego (28.9 percent), Los Angeles (28.2 percent) and Portland (27.7 percent).

 

But those numbers don’t mean that Miami has more couples living in sin than any other city.

“The first thing that comes to mind when you hear co-borrowers is two people who are living together,” says Ron Shuffield, president of EWM

... read more at: http://www.miamiherald.com/news/business/real-estate-news/article152819339.html

Miami has more unmarried people buying homes together than any U.S. city

A new study by ATTOM Data Solutions analyzing U.S. residential property loan originations in the first quarter of 2017 shows non-married co-borrowers accounted for 40.2 percent of single-family home sale loans in Miami — more than any other city in the U.S.

Rounding out the top five cities with homebuyers suffering from an apparent fear of commitment were Seattle (37.4 percent), San Diego (28.9 percent), Los Angeles (28.2 percent) and Portland (27.7 percent).

 

But those numbers don’t mean that Miami has more couples living in sin than any other city.

“The first thing that comes to mind when you hear co-borrowers is two people who are living together,” says Ron Shuffield, president of EWM Realty International. “But co-borrowers could be anything from millennials buying a home with the help of their parents to investors buying a property together. A lot of home sales we do are

... read more at: http://www.miamiherald.com/news/business/real-estate-news/article152819339.html

Why Millennials Are (Partly) to Blame for the Housing Shortage

The rush of young people to U.S. cities over the past few years is partly to blame for America’s worsening housing shortage.

In some of the country’s largest and most prosperous markets, such as New York, San Francisco, Boston and Los Angeles, housing construction has been stronger than normal in the urban core but weaker in the suburbs, where new housing can be built abundantly and more cheaply, according to an analysis set to be released Monday by BuildZoom, a website for construction contractors.

That is a problem because suburbs are typically the main drivers of housing construction.

For decades during the late-20th century, suburbs were the place to build, as urban cores suffered from high crime, poor schools and stagnant or shrinking populations.

But preferences have changed among young people, many of whom want to live closer to transit, restaurants and their workplaces. The share of young, educated people living in the urban

... read more at: http://www.realtor.com/news/trends/millennials-partly-blame-housing-shortage/

Like that house? Want to buy it? In Pierce County, better make an offer fast.

Buyers are snapping up Pierce County homes faster than in almost any other area in the country, according to real estate data firm Redfin.

Pierce County is tied with the Portland area for the third-fastest-moving housing market in the nation, according to Redfin. That’s a record fast turnover, according to Redfin data stretching back to 2012.

As of April, homes in the county, sellers found a buyer in a median of just 10 days — faster than since any other time in the past several years, Redfin data show.

“The market tends to accelerate through June so I wouldn’t be surprised if new records for speed and competition are reached in May and June given what we are seeing now,” said Nela Richardson, Redfin chief economist.

Denver-area buyers have homes under contract in just six days, while Seattle-area buyers — people who made an offer on homes in

... read more at: http://www.thenewstribune.com/news/business/real-estate-news/article152257702.html

Liz Weston: Wife has final word on handling her inheritance

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Q: My wife and I own a home with $61,000 left on the mortgage. I have a 401(k) with about $30,000 in it and she has a pension plan. We are both in our 50s. We stand to inherit around $180,000 in cash and a condo worth about $250,000 from her mother, who is dying. We have no other debt. I want to use the cash to pay off the mortgage, then stick about $100,000 in a retirement

... read more at: http://www.oregonlive.com/business/index.ssf/2017/05/liz_weston_wife_has_final_word.html

Hotel could replace part of popular downtown Portland food cart pod

A proposed hotel could supplant part of a celebrated downtown Portland food cart pod.

The hotel is proposed at the northwest corner of Southwest 10th Avenue and Alder Street. It’s the smaller part of a food cart pod that spans two blocks, but it includes popular carts like Nong’s Khao Man Gai (which has two other locations, including a brick-and-mortar restaurant) and The Dump Truck.

The proposal, first reported by Willamette Week, is still in its early stages, when developers seek guidance on city requirements to determine if the project is feasible. City documents describe an 11-story, 177-room hotel.

The project appears to be a partnership between DLR Group of Portland and Graves Hospitality of Minneapolis. The lot is owned by the Goodman family, the onetime operators of City Center Parking.

Food cart pods sprung out of the Great Recession as a thriving food scene combined with a glut of underused parking.

... read more at: http://www.oregonlive.com/business/index.ssf/2017/05/hotel_could_replace_part_of_po.html

Tacoma homes selling at a rapid clip | The News Tribune

Buyers are snapping up Pierce County homes faster than in almost any other area in the country, according to real estate data firm Redfin.

Pierce County is tied with the Portland area for the third-fastest-moving housing market in the nation, according to Redfin. That’s a record fast turnover, according to Redfin data stretching back to 2012.

As of April, homes in the county, sellers found a buyer in a median of just 10 days — faster than since any other time in the past several years, Redfin data show.

“The market tends to accelerate through June so I wouldn’t be surprised if new records for speed and competition are reached in May and June given what we are seeing now,” said Nela Richardson, Redfin chief economist.

Denver-area buyers have homes under contract in just six days, while Seattle-area buyers — people who made an offer on homes in

... read more at: http://www.thenewstribune.com/news/business/real-estate-news/article152257702.html