Mar 09
A shortage of homes for sale has forced more prospective buyers to rent. That is driving up prices in the rental market. The U.S. median rental price in June jumped 8.1% compared to a year ago, reaching $1,575, realtor.com® reports. Also, two-bedroom units saw the largest increase in rents at 10.2%, as the demand for …
Mar 08
Investors are snatching up homes and are being blamed for contributing to the inventory shortages in several markets across the country. Investors are buying homes and then holding on to the properties, often turning them into rentals, and not returning very many homes back onto the market from their growing portfolios. Housing experts say that …
Mar 07
Apartment rents are on the rise, but not everywhere. That said, “finding a cheap apartment often feels like winning the lottery,” notes Apartment Guide, a listing and resource for apartments nationwide, in a recent study. Apartment Guide identified areas throughout the country where rent is affordable and less than the nationwide average of $1,711 per …
Mar 06
Co-working spaces continue to have a big moment in the commercial sector as more businesses are drawn to flexible and short-term solutions amid COVID-19 and its latest fast-spreading delta variant. Technology companies are reportedly one of the major industries that are snatching up co-working spaces, such as WeWork, The Wall Street Journal reports. Their rental …
Mar 03
The blistering cold temperatures throughout the country this week may put some properties at risk of damage. Watch out for these signs. Many areas of the country are experiencing blistering cold weather, even those that aren’t used to freezing temperatures. Rapid temperature swings could cause substantial issues to a home’s foundation, warns Groundworks, a nationwide …
Mar 02
Office buildings are looking for ways to add in more outdoor spaces for employees to relax, work, and meet up. It’s become a must-have space since the pandemic and an important amenity in trying to attract employees back to the office. “We’ve been involved in office space and building design, and the evolution of office …
Mar 01
Small inns and bed and breakfasts saw business rapidly decline during the pandemic. But operators are recasting their inns and offering them to home buyers in a new light—as a new home. The Wall Street Journal reports that home buyers are purchasing spacious B&Bs and renovating them into single-family homes. A shortage of homes for …
Feb 28
Retailers in the U.S. plan to open more new stores this year than close stores, indicating a hopeful sign for a rebounding sector. The news of more retailers in expansion mode follows a strenuous year of survival for many retailers, in which the COVID-19 pandemic caused many shutdowns in 2020. Grocery, fast-casual, and value stores …
Feb 28
A recent decline in lumber prices is helping to mitigate building costs, but that effect is being offset by numerous increases in other building materials that are surpassing records. Home building materials have climbed by up to 19% over the past year, according to the Bureau of Labor Statistics Producer Price Index. The building materials …
Feb 24
Investors are pouring in millions to create more built-for-rent single-family communities. It’s fueling a land rush to find open land. “Land brokers dealing in residential parcels traditionally sell to developers and builders who are planning communities in which people buy homes,” Forbes.com reported. “Now, they are starting to see a growing share who are buying …
Feb 23
College towns have long had the reputation of being achievers when it comes to real estate investments. They can also offer a great home for young adults, families, and retirees. Realtor.com®’s research team evaluated nearly 200 cities with at least 10,000 residents–where undergraduates comprise at least 20% of the population. They factored in housing near …
Feb 22
U.S. mall traffic rebounded this summer as newly vaccinated Americans felt more comfortable leaving their homes. The surge has continued despite growing threats from the fast-spreading COVID-19 delta variant. “After a year and a half of staying inside, there was a pent-up demand for doing something, and that something could have been just going to …
