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Jenn-Air unveils under-counter refrigerators

BY HBSDealer Staff

Jenn-Air is highlighting the advantages of having an additional under-counter refigerator with a new collection of said appliances.

The refrigerators aim to promote an upscale, flush design for any range of applications, up to and including wine cellars, beverage centers, under-counter refrigerators, double refrigerator drawers and refrigerator/freezer drawers.

All refrigerators come in 24-inch width sizing with a soft-close feature. Customers can choose from styles ranging from stainless steel to custom finish.

"An additional refrigerator offers several advantages when cooking or entertaining and it’s a category that we think will continue to grow in the high-end market," says Juliet Johnson, manager of brand experience for Jenn-Air. "Whether placed in the kitchen, media room or master suite, our latest built-in under counter collection of refrigerators keep items within easy reach and can be seamlessly blended into their surroundings."

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Homes.com index adds to signs of housing recovery

BY HBSDealer Staff

Homes.com has made its contribution to the growing body of evidence pointing to a housing recovery with its Local Market Index, which uses home pricing data for the period ending May 2013, and corresponding Rebound Report.

Single-family properties were up in 83 of the top 100 markets, with New Orleans-Metairie-Kenner, La. showing the largest month-over-month gains at +6.09 index points. 

Though all 100 markets posted gains last month, the company says these month-over-month changes were negligible compared to progress on a year-ago basis. Compared to last year’s figures, all 100 markets improved, with three of the top five concentrated in California. The most notable year-over-year forerunner is Honolulu, Hawaii.

Meanwhile, the Rebound Report data for May 2013 pointed to a full recovery in 19 U.S. markets, compared to last month’s 14. Approximately 39% of markets have recovered halfway or more.

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In California, 36% of home buyers plan to flip

BY HBSDealer Staff

The California Association of Realtors (CAR) has released its 2013 Investor Survey, which highlights the prominent role of investors in steering California’s housing recovery over the past four years, many of which (27%) were foreign investors from countries like China, India and Mexico.

"Low mortgage rates, attractive home prices, and low yields on alternative assets have fueled demand for investment properties, particularly where distressed homes have dominated sales," according to the company.

This points to an overall trend of "buy and hold" versus flipping, with 64% of investors working with realtors planning on keeping their homes for a year or more. That said, a stark majority (approximately 75%) didn’t plan on keeping their houses for more than six years. Thirty-six percent said they intended to flip the property within a year.

Of the properties in question, the overwhelming majority (78%) were single-family homes, with an overall median sales price of $272,500. Profit potential (34%) was cited as the number one reason for investors to have bought or sold recently.

 

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