A shortage of homes for sale combined with growing buyer demands will likely spark home builders to construct the most homes this year than in the last decade, economists told HousingWire.“Most likely a result of the trending imbalance between homes for sale and demand for new homes to purchase, housing starts finally edged up in the month of June to 8.3 percent,” says Greg Parsons, Semper Capital Management CEO. “The need to balance the g
After Dallas-area real estate pro Laura Barnett put a listing on the market three weeks ago, it quickly received 22 offers. But Barnett didn’t take the highest bid.Instead, she took the cash offer because she wanted to ensure that there were no hang-ups along the way toward closing, she told CNBC. Appraisals, she says, are not keeping up with the sales prices. If the appraisal doesn’t match the contracted price, buyers usually can’t get
Key Takeaways Effective online and offline marketing must be consistent. Recognition is built over time and multiple channels.In the pre-digital age, marketing was straightforward: You placed an ad in the newspaper and sent out postcards. All marketing was physical.Enter the internet, which now dominates consumers’ attention as they toggle from their desktop to their smartphone, amid their daily life. Today’s marketing needs to reflect these
More Americans are choosing to rent than at any other point in the last 50 years, according to a report by the Pew Research Center. In 2016, 36.6 percent of households rented their homes, just shy of the 37 percent recorded in 1965, data shows.Overall, the number of U.S. households has increased by 7.6 million over the past decade. But while the number of homeowner households has remained relatively flat over that time period, the number of rente
You don’t have to live in Boulder, Colo., or Kauai, Hawaii, to enjoy the outdoors to the fullest. Realtor.com® scoured the country to help home shoppers find the nation’s outdoor meccas.For its rankings, realtor.com® researchers limited the results to metros with median home prices under $300,000. (That’s why many locations out West did not make the list.) They also took into account the number of national parks within a four-hour drive;
About 23 percent of residential homes built for one to four families are now owned by investors, according to a study recently released by REAL Trends, Inc., and NEXZUS Publishing Group. The vast majority of those homes are not owned by institutional investors but rather individual investors or small investment groups.The Iceberg Report outlines the size of the single-family residential market, as well as uncovers trends in terms of demographics
Real estate professionals in Abilene, Texas, are on edge after a shed on private property was found to contain a collage of more than two dozen head shots of women, mostly local agents, tacked on the outer walls and a nearby property fence. Agent Tommy Simons discovered the collage when he was visiting his listing next door.“I’ve known all those ladies a long time,” Simons told the Houston Chronicle. “That’s kind of weird and kind of
A two-acre property in Richmond, Texas, garnered 1.2 million page views in just two days for its unusual listing photos. How’d they do it?If you flip through the photos, you’ll see how “one of a kind” this five-bedroom, 5.5-bathroom home is. Nearly every room contains at least one mannequin, prompting the nickname “mannequin house.” The photos feature a mannequin sitting on a kitchen stool, peeking into windows from the outside, and
Poverty is increasingly striking the nation’s suburbs and exurbs (farther out suburbs on the edges of metros). High-poverty neighborhoods have risen 76 percent in the suburbs and 123 percent in the exurbs from 2000 to 2015, according to an analysis from Apartment List, which culled data from a recent report out of Harvard University’s Joint Center for Housing Studies. A high-poverty neighborhood is an area with a poverty rate that is 20 pe
About 4.5 million U.S. homes are at high or extreme risk of wildfires, according to the 2017 FireLine State Risk Report released by Verisk Insurance Solutions.The state most at risk: More than 2 million households in California are at high or extreme risk of wildfire, according to the report. Texas ranks second with 715,300 homes at risk.“Wildfires have scorched nearly 3.5 million acres so far in 2017,” says Arindam Samanta, director of p
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
