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View from a home for sale in Oakland, CA; via Househappy.

These ten major metro areas are expected to see the biggest increase in home prices this year according to CoreLogic Case-Shiller’s latest home price forecast:

1. Oakland, California
Median home price: $545,000
Forecast gain through Sept. 2014: 9.3%

2. Fort Worth, Texas
Median home price: $181,300
Forecast gain through Sept. 2014: 8.9%

3. New Orleans, Louisiana
Median home price: $163,000
Forecast gain through Sept. 2014: 8.7%

4. Richmond, Virginia
Median home price: $220,600
Forecast gain through Sept. 2014: 8.5%

5. Hartford, Connecticut
Median home price: $234,000
Forecast gain through Sept. 2014: 8.3%

6. Tampa, Florida
Median home price: $177,000
Forecast gain through Sept. 2014: 8%

7. Baltimore, Maryland
Median home price: $299,000
Forecast gain through Sept. 2014: 8%

8. Birmingham, Alabama
Median home price: $174,000
Forecast gain through Sept. 2014: 7.8%

9. New York
Median home price: $440,000
Forecast gain through Sept. 2014: 7.4%

10. Memphis, Tennessee
Median home price: $122,000
Forecast gain through Sept. 2014: 7.3%

This article can be found in its original form on CNN Money.


Augusta by William Lyon Builder's has all of the details of toda

Home for sale via Househappy

Real estate analysts have predicted that 2014 will be the year for sellers; so if you’re waiting to sell your home, you may want to reconsider.

In November, housing prices were up 7.2% from a year prior and the highest since August of 2008, according to the National Association of Realtors. In the 20 largest metro areas prices in October increased sizably. The economic recovery is finally picking up since the housing bust seven years ago. Sellers are finding that they have more room for negotiating as more buyers are entering the market due to drops in the unemployment rate and the increase in consumer confidence.

As mortgage rates are rising pushing home prices up, the amount of for-sale listings are limited. These are some of the factors that come with a sellers market. With limited homes on the market some buyers fear that they won’t be able to find their perfect home.

Buyers are now snatching up properties faster. In November 2013 homes were selling 11% faster than the previous year. In some cities such as New York, homes were selling 20% faster.

Beyond 2014 though, more homes are expected to hit the market. Some analysts say that the supply-demand imbalance that has helped create this seller’s market is largely due to investment firms and others who are purchasing large numbers of homes to turn into rentals.

This article can be found in its original form on MarketWatch.  

Among Americans who moved to a new state in 2013, the largest percentage moved to Oregon. According to their annual migration study, United Van Lines tracked 129,000 total moves in the U.S., while more than 61% of all interstate moves made in Oregon were inbound.

Washington D.C.––which held the top spot for the past 5 years––fell to fourth place, tying with South Dakota.

South Carolina came in second with 60% inbound, then North Carolina at 58%, and Nevada at 56%.

“Business incentives, industrial growth and relatively lower costs of living are attracting jobs and people to the Southeastern and Western states, such as South Dakota, Colorado, and Texas,” said UCLA economist Michael Stoll.

The lifestyle of the Pacific Northwest is also very attractive, Stoll points out. Public transportation, green spaces, and the local arts scene are among many reasons young professionals and retirees choose to move to this area of the country. Another reason, according to Stoll, is that Oregon is similar to California but with significantly lower home prices.

Source: CNN Money

Photo: Smarter Travel

Househappy headquarters in Portland, Oregon’s Pearl District

Househappy is very excited to announce that we have secured an additional $1.5 million in series A financing led by Jeff Greenberg, Senior VP Electronic Media and Director at Skechers.

“I could not be more proud of the progress we have made in the 7 months since our launch,” said Kevin McCloskey, our CEO/founder. “Our team has been working hard to build a product that we believe in. This new round of funding will allow us to maintain that forward momentum and continue building.”

The capital is in addition to the $1 million seed round received previously from angel investors. It will be used to expand our growing team and further development of our products and services for buyers, brokers, and sellers.

In addition to his position with Skechers, Mr. Greenberg is the founder of G9 development, a luxury real estate development company located in Manhattan Beach, CA. He will also serve on Househappy’s board of directors.

“In our line of work, we are constantly using real estate search platforms,” he said. “When I was introduced to Househappy, I felt like it provided solutions to a lot of what was missing from the existing sites…I expect big things from Househappy and I am looking forward to being a part of it.”

For additional information, please see our press release

With housing prices rising rapidly, the question on everyone’s mind is, “Are we entering another national bubble?”

According to the S.& P./Case-Shiller Composite-10 Home Price Index, U.S. home prices were up 18.4% in the 16 months that ended in July––not much smaller than the largest 16-month increase of 22.7% during the housing bubble that preceded the 2008 financial crisis.

“Is it possible that we are lapsing into what I call a bubble mentality—a self-reinforcing cycle of popular belief that prices can only go higher?” Asks economist Robert J. Shiller, partial eponym of the Case-Shiller survey.

Referring to questionnaires sent out to random samples of homebuyers in Boston, Milwaukee, Los Angeles, and San Fransisco, Shiller concludes that while Americans aren’t showing the same bubble-era “irrational exuberance” and are still relatively sober about housing, they aren’t being completely realistic either.

“The results suggest that though we are not in a bubble now, there are troubling signs that we may be heading toward one,” he said. “I see no signs that home buyers have learned the lesson…that existing-home prices have shown virtually no tendency to trend upward in real, inflation-corrected terms over the last century. While land is limited, it’s only a small component of home value in most places. New construction often brings down the value of older homes, which wear out and go out of fashion, dragging down prices.

“People who are now inclined to buy a home are most often just thinking that we are gradually recovering from a recession and that this is a good time to buy. The mental framing still seems to be about economic recovery and the likelihood that interest rates will rise. People mostly don’t seem to be prompted by the anticipation of another housing boom.

“That’s the thinking at the moment. But whether these attitudes mutate into a national epidemic of bubble thinking—one big enough to outweigh higher mortgage rates, fiscal austerity in Congress and other factors— remains to be seen.”

This article can be found in its original form on