The appeal of McMansions to Americans
Why Do Americans Love McMansions? A recent report on CNBC delves into the question of why Americans are so drawn to McMansions. These large homes first gained popularity in the 1980s and have continued to be in demand as buyers seek spacious residences with various amenities. Despite criticisms of their construction quality and design, McMansions […]
Wealthy home buyers are increasingly embracing the concept of rent-to-own.
Affluent Home Buyers Using Rent-to-Own Deals A recent report in the Wall Street Journal (reposted on Realtor.com) says real-estate agents are reporting that affluent home buyers are using rent-to-own deals to finance their homes. Interestingly, they say rent-to-own transactions offer well-to-do buyers substantial benefits such as (in new construction) the ability to discover construction defects […]
Investment in student housing construction is expected to increase in the third quarter of 2024.
NAHB Eye on Housing Report: Student Housing Construction Investment on the Rise A recent report from the NAHB’s Eye on Housing reveals that private fixed investment in student dormitories increased by 2.2% to a seasonally adjusted annual rate (SAAR) of $3.9 billion in Q3 of 2024. The report highlights the rebound in private fixed investment […]
Demand for mortgages for second homes has dropped to its lowest level in eight years.
The Decline in Mortgage Demand for Second Homes We recently posted about how there are around 6.5 million second homes in America. With that in mind, a recent report form Redfin says mortgage demand for second homes has fallen to an 8-year low. Specifically, they say mortgage-rate locks for second homes fell 13.1% year over […]
Investor Share Rises as Home Sales Plummet to Lowest Levels in Over a Decade
Realtor.com reports that investors have reduced their home buying activity in recent years. However, their latest report shows that investor share has increased despite purchasing fewer homes. The data was obtained by analyzing deed records from January 2000 to March 2024, both nationally and in the 150 largest US metros. The analysis only included single-family […]
WalletHub’s Best & Worst Places To Raise a Family – 2024
[ad_1] WalletHub says the average American can expect to move an estimated 12 times in a lifetime. They say moving can be a sign of opportunity, prompted by a new job or long-term wealth accumulation, but people may also move because of instability such as foreclosure or job loss. With that in mind, they compared […]
Top American cities for singles
Zumper has compiled a list of the best cities for singles based on factors such as median rent, percentage of single population, cost of living, median income, unemployment rate, and access to dining and entertainment. They have identified the top 10 states for singles, including Atlanta, GA; St. Louis, MO; Minneapolis, MN; Boston, MA; Madison, […]
More Couples are Using Wedding Registries for Help Buying First Home
According to a recent analysis from Zillow, more couples are using wedding registries to seek financial assistance in purchasing their first home. The data reveals that the number of couples including “home funds” in their wedding registry has increased by 55%. Approximately 20% of couples registered on The Knot, a popular bridal registry site, are […]
Top 10 Retirement Towns That Offer Great Affordability
1. Asheville, North Carolina: Known for its stunning mountain views and vibrant arts scene, Asheville offers a reasonable cost of living and affordable housing options for retirees. 2. Prescott, Arizona: With its mild climate and breathtaking natural beauty, Prescott is an ideal retirement destination that won’t break the bank. The city also boasts a low […]
New Single-Family Home Size Reach Decade Low
[ad_1] rewrite the content without plagiarism for 1500 words Recent analysis from the NAHB’s Eye on Housing shows that for new single family homes, the median single-family square floor area declined to 2,191 square feet, the lowest reading since the end of 2010. In addition, the average (mean) square footage for new single-family homes fell […]