|By PR Newswire||
|January 22, 2014 03:24 PM EST||
CHARLOTTE, N.C., Jan. 22, 2014 /PRNewswire/ -- According to a recent LendingTree survey conducted online by Research Data Technology, Inc. from December 20-28, 2013, current and potential homeowners have a generally optimistic outlook on the US economy and housing market. More than two-thirds (69 percent) of respondents have a positive outlook on the housing market and 63 percent expect the US economy to continue to improve in 2014. Because of the optimistic outlook and improving home values, 71 percent of current homeowners said they are considering selling their home in the next 12 months, making 2014 an active year in the housing market.
Rising Rates and Future Home Sales
The survey shows that 74 percent of current and potential homeowners expect mortgage rates to be higher 12 months from now. Most (60 percent) anticipate a moderate uptick in mortgage rates while 14 percent expect rates to be considerably higher 12 months from now.
Despite the expected increase in mortgage rates, current and potential homeowners don't expect to shy away from the housing market. Of the 71 percent of homeowners who are thinking about selling in 2014, 24 percent plan to sell their home regardless of any home value increase or decrease while 47 percent say they plan to sell if they experience an increase in their home value. Only 15 percent of homeowners say they are not contemplating a sale in 2014, and 15 percent are undecided.
Potential home sales are driven largely by younger homeowners, with 90% of homeowners under 30 considering selling their home in 2014 and 78 percent of homeowners aged 30-39 contemplating selling their home in the next 12 months.
"As home values continue to improve across the country, sellers who have been sidelined due to low property values will start to take action in the market," said Doug Lebda, founder and CEO of LendingTree. "Although it's unlikely that 70% of current homeowners will sell their home this year, it's a positive sign for the housing market that more homeowners are considering the possibility of moving. In the next 12 months, new construction and the overall US jobs market will be key factors for continuing a housing market recovery."
Rising Home Prices – Perception vs. Reality
According to the survey, 72 percent of respondents stated home prices in their area increased during the past 12 months, while 20 percent believe home values declined and 8 percent thought home values remained flat. To compare current and potential homeowner perceptions with reality, S&P/Case-Shiller Home Price Indices data collected through October 2013 showed that the 10-City and 20-City Composites posted year-over-year gains of 13.6 percent.
In the areas where home values were believed to have improved, prices increased an average of 10.2 percent, according to the survey. This figure closely matches the National Association of Realtor's reported US home price increase of 12 percent for 2013. For those that believe home values declined in their areas, 9.2 percent is the average perceptive drop in home prices.
The perception that home prices increased is not equally distributed across the US, according the survey data. Seventy-nine percent of current and potential homeowners in the West believe home prices are higher today than one year ago, compared to 67 percent of individuals in the Northeast with the same view.
About the Survey
Survey results are based on 609 individuals who currently own their home or are considering purchasing a home within the next 12 months. These homeowners and potential homebuyers participated in an online survey conducted by Research Data Technology, Inc., on behalf of The LendingTree, from December 20, 2013 through December 28, 2013. The 609 respondents represent a targeted sample of homeowners and potential homebuyers that were selected from a consumer panel of individuals in the US with access to the Internet. The margin of error in this survey is ±4%. This means that in 19 cases out of 20, survey results based on 609 respondents will differ by no more than 4.0 percentage points in either direction from what would have been obtained by seeking the opinions of all eligible individuals who are online.
About LendingTree, LLC
LendingTree, LLC is the nation's leading online source for competitive home loan offers, empowering consumers during the mortgage, refinance or auto loan process. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 30 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE, join our Facebook page and/or follow us on Twitter @LendingTree.
SOURCE LendingTree, LLC
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Aug. 29, 2015 03:00 AM EDT Reads: 461
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Aug. 28, 2015 11:45 PM EDT Reads: 400
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 28, 2015 11:30 PM EDT Reads: 826
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Aug. 28, 2015 09:00 PM EDT Reads: 291
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Aug. 28, 2015 07:45 PM EDT Reads: 177
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Aug. 28, 2015 06:00 PM EDT Reads: 311
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Aug. 28, 2015 05:30 PM EDT Reads: 405
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Aug. 28, 2015 03:45 PM EDT Reads: 168
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Aug. 28, 2015 03:15 PM EDT
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Aug. 28, 2015 03:01 PM EDT
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Aug. 28, 2015 02:15 PM EDT Reads: 414
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
Aug. 28, 2015 02:00 PM EDT
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Aug. 28, 2015 12:30 PM EDT Reads: 126
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Aug. 28, 2015 12:30 PM EDT Reads: 148
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Aug. 28, 2015 12:30 PM EDT