Whether they decide to move from their current homes or age in place, the decisions baby boomers and other older homeowners make during the next few years could significantly impact the single-family housing market. Today, baby boomers and other homeowners age 55 and older control almost two-third (or about $8 trillion) of the nation's home…
This spring’s real estate market is coming in strong. New data released by realtor.com shows that homes in May are moving off the market at the fastest pace seen since the housing recovery began, despite record-high asking prices. Based on realtor.com's preliminary findings, homes spent a median of 65 days on the market in May—the…
“The American Dream of homeownership is as strong today as ever.” That's the belief of HUD Secretary Julián Castro, who in a May 10 address at the National Association of Realtors' Regulatory Issues Forum said millennials are just as committed to homeownership as their parents and grandparents. Despite a widespread impression that members of the…
From posh outdoor living spaces to decked-out wine cellars, these luxurious features can transform ordinary homes into dream homes. According to real estate brokerage company Redfin, luxury home sales increased in fourth quarter 2015 and ended a nine-month slump, with an average luxury home sale price of $1.62 million. Sales in 2016 also are predicted…
This could finally be the year that production of single-family homes outpaces apartments in the U.S., according to the National Association of Home Builders' 2016 Spring Construction Forecast. On the downside, factors that stand to hinder a full rebound include a shortage of build-able lots and labor, along with limited access to acquisition, construction and…
If you are a member of the millennial group, you are maturing and are moving to the suburbs to escape the high rents and to take advantage of better school districts for your children. According to a national poll, only 17 percent of people in this group purchased a home within a major city last…
While some cities are as unaffordable as ever, there are still places that offer reasonably priced residences as well as desirable amenities. The top 10 best cities for today’s new homebuyers range from Philadelphia to Virginia Beach. Philadelphia With homes priced at around $220,000 and low unemployment rates, Philadelphia is becoming the place for New…
As you begin the journey of homeownership, you’ll need to take steps to insure it as buying a home is a major investment. To make sure that you get the best protection for your home, consider the following six policy suggestions. Your Home’s Location Before agreeing to an insurance policy, assess your home’s surrounding area…
March is now the advent of the spring home-buying season. As the supply of available properties continues to lag demand in most areas of the country, competition between buyers is growing. This situation is changing many of the longstanding rules of real estate. Where the spring buying season once started in early May, more buyers…
Thanks to increased awareness and education, saving energy is something valued at all levels of society. Without a doubt, bolstering energy efficiency is crucial for preserving the future of our shared natural environment. However, there are plenty of more practical, down-to-earth reasons for making upgrades that improve your home's energy efficiency. Besides reducing your monthly…