With the summer season ramping up, it’s a good time to take a look at the vacation-home market. The NAR reported lower vacation-home sales in 2015, despite the fact that the numbers were the second highest in about 10 years. There were approximately 920,000 vacation-home sales nationally compared to 1.13 million in 2014.
More millennials age 24-34 live with their moms than at any time in the last decade. In the U.S., 21 percent of 24-34 year olds live with their moms, a number that?s been steadily increasing since 2005, when just 13 percent lived with their moms.
The U.S. housing market continues to rebound with single-family homes inching up 7.2 percent, the highest level since November 2007. In February, builders started production on 1,178,000 homes, a 5.2 percent increase over January and a 30.9 percent increase from February 2015. Single-family home completions also increased, rising 6.1 percent to 736,000 annualized rate, the highest since November 2008.
The 2016 housing market is predicted to be a seller’s market. So what does that mean for buyers this year?
Well, if you’re looking to purchase a home this year, you can expect increased prices, low supply and fierce competition. So, above all it’s important to keep an open mind and move quickly when you find a good match. Here are the top 3 key tips for buyers looking for a home this year...
In a study conducted by WalletHub, Boston has been ranked the healthiest home market in the U.S. Based on Census data and the American Housing Survey, these figures compared the 25 largest metropolitan areas in the United States, with the Massachusetts capital taking the top spot. The survey was established upon the following 7 [...]
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Riding the Trillion-Dollar Real Estate Recovery Roller Coaster.