There are many benefits to trading up to a home with more square footage, especially for growing families. But with more house comes more cost, and, as a recent analysis by Zillow reveals, it can vary by location. Trade-up homeowners can expect to spend an average $447 more each month if they move from a…
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…
“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…
As the drought continues in California, green lawns are giving way to more water-friendly xeriscapes. The well-known grass of front lawns and golf course fairways is being replaced with drought-resistant plants as well as other natural and manufactured ground coverings like crushed stone and shredded bark. In many cases, governments, water utilities and other agencies…
If you are like a majority of Americans, you have faith in home buying and believe you can sell you home for at least the price you paid for it. Many Americans also believe now is a smart time to purchase a new home. Over the last few years, the reasons behind these opinions have…
Over the last few years, two disconcerting trends have been rearing their ugly heads in the housing industry. The first is that household formation has been standing still while the second is a dwindling rate of homeownership. However, the first trend may be recovering since the millennial generation is starting to make its way into…
Although solar is an increasingly popular way to be environmentally friendly and save money on power bills, it is also becoming a hurdle to selling a home. The issue lies with the fact that many homeowners lease solar panels. When it comes time to sell a home, it is not uncommon for buyers to balk…