How are rising rent prices impacting would-be homeowners?

What do residential sales numbers for April tell us about the summer real estate forecast?

Get answers to these questions by listening to this week’s Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via iTunes.

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On this week’s show I talk to two guests: Daren Blomquist, Vice President at RealtyTrac, and Mary Comerio, Professor of the Graduate School in the Department of Architecture at the University of California, Berkeley.

More About This Show

Zillow: Rents Rising Faster Than Home Values [0:56]

Spike in REOs Pushes Foreclosures to 18-Month High in April [4:13]
The number of foreclosure filings in the U.S. topped 125,000 in April, according to real estate data and analytics firm RealtyTrac.

The RealtyTrac U.S. Foreclosure Activity Report for April, 2015 indicated that foreclosure filings jumped to their highest level in a year and a half after a dramatic jump in bank repossessions (REOs). REOs in April hit a 27-month high. Daren Blomquist, Vice President at RealtyTrac, is back to help me break down the numbers. Spoiler alert: There’s good news to be found in the report, despite the intimidating foreclosure filing total.

New Residential Sales Numbers Up in April [11:43]
Daren Blomquist discusses the new residential sales report for April, 2015.

The U.S. Census Bureau and Department of Housing and Urban Development jointly released the new residential sales report, which showed that the seasonally-adjusted annual rate of sales for new single-family houses broke the 500,000 mark in April. That’s an increase from both the month and year prior. The median sales price for new homes also reached its highest point of the year to date. We talk about the significance of those figures and how RealtyTrac would like to see new residential sales move this summer.

Do You Need Natural Disaster Insurance? [20:08]
If you live in an area that is susceptible to natural disasters – hurricanes, floods, earthquakes and the like – then you might need natural disaster insurance coverage.

I talk with Mary Comerio, Professor of the Graduate School in the Department of Architecture at the University of California, Berkeley. She’s an expert in natural disaster loss mitigation, particularly earthquakes, given her location in Northern California, and she has some useful advice for anyone who owns property in an area at risk of incurring damage from a natural disaster.

Are Multiple Listing Services Worth the Money? [30:41]
When selling a home yourself, you’ll want to maximize your exposure to as many potential buyers as possible. But is a multiple listing service the best way to do that?

I answer a question from someone trying to sell a home without the help of a real estate agent. For any for-sale-by-owner (FSBO) situation, the challenge for a home seller will be getting a listing noticed by the maximum number of potential buyers. FSBO-oriented websites can help, but if you decide to sell your home without a real estate agent, then you should probably consider using an MLS to sell your home.

 

If you have any questions about this show or in general, email me at [email protected]

Click the audio link below to listen to the full Ilyce Glink Show.

Thanks for listening!