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New Rankings for Entrepreneur's Franchise 500
National Property Inspections and Global Property Inspections have some big news for 2013. In Entrepreneur annual Franchise 500 list, National Property Inspections ranks 375th out of all franchises. That’s not all, RedHotFranchises.com has NPI at 12th in its Hot 100 Franchises for 2013 list.
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New Home Prices On The Up
The Wall Street Journal is reporting good news when it comes to new home prices. New Department of Commerce data is showing an increase of 37% for new home construction over last year. Competition for prime real estate has driven contractors to bid on land in desirable areas. With increased demand for new housing, such competition will regulate home prices and lead to a stronger housing market.
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Housing Affordability Sets Annual Record
According to the National Association of Realtors (NAR), housing affordability will see an annual record for 2012. Only 11 months of data are in for the NAR’s Housing Affordability Index, but 2012 looks to be a record setting year. The index takes into account median home price, median family income, and average mortgage interest rate. Since 1970, the first year the index has been recorded, the United States has not seen a buyer’s market at this level.
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Home Prices At Six Year High
According to Market Watch, home prices in the U.S. have reached their highest year-over-year level in six years. The year-on-year rate for November was 7.4%, a 0.3% rise from the month before. All but 6 states saw gains from a year ago, which shows solid growth throughout the country. Low interest rates, growth in prospective buyers and a better jobs market have all contributed to an improved market.
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Number Of Improving Housing Markets Rises
The National Association of Home Builders/First American Improving Markets Index (IMI) is showing improvements in the housing market for metropolitan areas throughout the U.S. The IMI has increased steadily to include 201 metro areas with improving markets. To be included a metro area must show improvement in housing permits, employment and house prices for 6 consecutive months. The IMI has increased its list for 4 months in a row and shows positive growth throughout the country.
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