Category Archives: PDR News

Property Debt Research News: The Municipal Lien Search Company

In every industry, predicting trends for the new year and preparing for changes in consumer behavior is the key to staying ahead.

Especially in real estate, being able to look ahead is a crucial diagnostic tool for both agents and homebuyers looking to plan for the new year. With a saturated market and high competition, homebuyers will increase their chances of accommodating their needs the faster they understand and adapt their plans to new year trends.

Here are three concrete real estate trends expected this year:

Inventory on the Rise
As many real estate professionals already know, the housing market has not found much success in keeping up with homebuyer demand. In fact, the lowest recorded housing inventory occurred this time last year.

In 2019, things are beginning to pick up, especially as more people put their homes on the market. With more homes for sale, it’s predicted that the nation will see 7% inventory growth over the next 12 calendar months. This is no drastic change, but it’s certainly not one to scoff at following a down year.

For homebuyers, this is terrific news; for sellers, however, it’s no reason to celebrate. With increased home inventory across the board, sellers will face stiffer market competition. They’ll be forced to rethink their listings, price points, and sales strategy altogether in order to get their homes sold.

 Affordability Still an Issue
Even with a predicted increase in housing inventory, homes will not be any more affordable than they have been in years past. Once again, mortgage rates and general home prices are expected to increase in 2019. By the end of the year, mortgage rates could spike an entire half percentage point, meaning an average 8% mortgage payment increase on most homes.

 Millennials Remain on top
Older millennials (those in their 30s) are more and more settling down and purchasing homes. While this sub-generation assumed the stigma of one that simply doesn’t buy homes like its preceding generation, there is good reason for it—student loans and a fierce housing market caused older millennials to get off to a bit of a “rocky start” in terms of homebuying. In 2019, however, millennials compose 45% of homebuyers and are now the largest homebuyer group in the United States. In 2019, this trend is expected to continue.

A Continuing Trend
Regardless of predictions and trends in 2019, Property Debt Research remains a highly trusted source for Municipal Lien Searches in and beyond Florida.

With over 20 years in the industry, PDR brings cutting-edge technology, the fastest turnaround times in the industry, and a knowledge base of municipal search nuances that comes from decades of experience in title support.

Get in touch with a PDR consultant today.

The holidays have arrived! It’s the time of year when families take vacations, gather for get-togethers, and spend more time with those they love most.

Restaurants are filled to the brim with customers, stores are flooded with last-minute gift-buyers and people rushing for holiday presents, and kids are off school and in full play mode.

But even during this season of rushing, one thing helps us to slow down and reflect—the joy of the holiday season.

Life is hectic, work is busy, and there are always things to be done. But when the holidays roll around, time seems to stand still and our loved ones truly feel like the most important thing in our lives.

At Property Debt Research, we are so grateful for the gift of your referrals, your business, and the chance to play a part in helping your clients realize their dreams of homeownership.

From our entire PDR family, we wish you and your family a joyful, restful, and food-filled holiday season.

Happy Holidays,
The Property Debt Research Team

According to a Redfin analysis, nearly 27% of home sellers reduced their listing price by at least 1 percentage point during a four-week period ending Sept. 16, 2018.

The 26.6% of home sellers who lowered their selling price during that period, according to Redfin, is a record—at least since the metric began to be regularly tracked in 2010.

Taylor Marr, a Senior Economist at Redfin, says buyers are becoming choosier in response to a softening market.

“After years of strong price growth and intense competition for homes, buyers are taking advantage of the market’s easing pressure by being selective about which homes to offer on and how high to bid,” Marr said.

“…The increase in price drops may be another indicator that sellers are going to have trouble getting the prices, and the bidding wars, that they may have just months ago…Instead, many are finding their homes are sitting on the market without much interest until they start reducing their prices.”

The number of home sellers who dropped their selling price has increased 4.8% from the same period one year ago, according to the same analysis.

During that period, 21.7% of homes experienced a price drop. Since late March, that trend has continued fairly consistently.

Jessie Culbert, a Redfin real estate agent in Seattle, believes that sellers are using price drops strategically rather than out of urgency or desperation.

“In a market where we’re seeing more inventory, sellers may choose to use price reductions to continue to generate interest in their home for sale,” Culbert said.

“Ultimately, the market dictates the appropriate price for any given home.”