- Your Voice
Aging is inevitable and wonderful. As baby boomers race into their Golden Years, the nation – and our housing industry – face big changes. According to a Census Bureau figures, about 38 percent of U.S. households presently are headed by someone over the age of 55. The National Association of Home Builders (NAHB) forecasts that figure will jump to 45 percent in the next five years.
If buying a new home is on your 2015 agenda, it may be to your advantage to sell your present home during the holiday season. Whatever a buyer’s motivation, a holiday sales strategy means one thing for sellers: Demand for homes can increase at a time when inventory is traditionally low. Here are a few ideas to consider when weighing whether this route is for you.
Are homes getting smarter? According to information from the front lines of the home-automation industry, the answer is, “yes.”
The nation’s housing industry managed to dodge the remaining potholes that continue to mar the road to full recovery, and in the process, turned in a strong showing in September. Housing starts surpassed the million mark for the third time this year, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Rising 6.3 percent during the month and 17.8 percent year-over-year, groundbreakings reached a seasonally adjusted annual rate of 1.017 million units.
In 2004, then-Phoenix Mayor Phil Gordon let it be known that he had identified a secret weapon in the fight against neighborhood crime and isolation. The deterrent wasn’t a literal weapon. It was a front porch bench, which served as the focal point of Gordon’s Front Porch Bench Initiative. In essence, the mayor urged Phoenix residents to buy a bench, place it in front of their homes and use it to get to know their neighbors.
After stalling out in the first half of the year, the national housing recovery appears to be on solid footing for a strong year-end finish, according to recently released reports from the U.S. Census Bureau and Department of Housing and Urban Development.
One of the most exciting parts of building a new home is the opportunity to put your own stamp on it. From flooring and lighting to appliances and countertops, there certainly is no shortage of choices available when the time comes to select the perfect balance of colors, textures and finishes that reflect your taste.
The American dream of homeownership is alive and well, just as it was before the housing crisis hit. Despite the extreme fallout from the Great Recession, people still want a place to call their own. A place where they can raise a family, make memories and live comfortably. And, while purchasing a new home provides tremendous opportunity for families looking to improve their lives, the implications are even greater to the economy as a whole.
Ah, summertime in Arizona. A time for cooling off in the backyard swimming pool, barbecuing with family and neighbors and planning our seasonal escapes to cooler climates. It’s also the time when living in an energy-effient home can mean the difference between receiving a monthly electricity bill that’s manageable and one that causes your blood to boil.
As we enter peak home-buying season, it appears that overall consumer confidence is on the rise, according to the latest information from Fannie Mae and other sources.
Five years after the end of the Great Recession, contractors and construction professionals are facing the opposite labor pains of employers during the economic downturn: a shortage of skilled workers. But here’s a piece of good news. Trade industry journal Engineering News-Record (ENR) recently reported that although federal funding for career and technical education programs has decreased by more than 13 percent a year, construction firms are taking an active role in seeking new workers with the help of state funding.
Computer technology has changed the way consumers shop for everything from shoes to homes. Thanks to easy access to online data, 90 percent of homebuyers surveyed by the National Association of Realtors in 2012 said the Internet was their top information source when searching for a home (compared to just 27 percent who said they typically turned to newspaper ads first). Further, 62 percent of buyers who participated in the NAR poll reported that virtual tours propelled them to follow up with a personal visit to the homes they viewed online.
The Great Recession may be in the rear-view mirror, but its effects on household formation are still being felt. According to researchers, 1.2 million more adults live with their parents than just eight years ago.
Job creation and construction spending are on the rise in the home building industry, government sources report. Though modest compared to their respective peaks, industry watchers agree the increases demonstrate market recovery continues its slow march forward.
To own or rent, that is the question that continues to weigh on the minds of potential homebuyers everywhere. While the gap may have narrowed over the past year due to rising mortgage rates and home values, buying is still a better bargain than renting in most communities across the country – including Phoenix and Tucson -- according to an online real estate company.
If you’re under the impression home sizes are getting larger, you’re correct. According to recently released data from the U.S. Census Bureau, today’s average new home is about 300 square feet bigger than it was four to five years ago -- 2,679 square feet in 2013, compared to 2,362 square feet in 2009.
You’ve signed the contract, selected your cabinets, appliances and flooring, and waited patiently for your new home to be built. Finally, the moment you’ve been anticipating – the walk-through – arrives.
Let’s be honest: moving can be stressful. But, it also can be exhilarating, especially as you begin acclimating to your new surroundings.
More than 78 million strong, baby boomers are reaching retirement age (65) at a record pace—10,000 per day, to be exact, according to the Pew Research Center — and living years longer than previous generations. By the time all the boomers will have turned 65 in 2030, 18 percent of the nation’s population will be at least that age, according to the research center’s projections. Compare that to the population makeup just four years ago, when a little more than 10 percent of Americans were ages 65 and older.
The holidays are over, the calendar has turned a new page and, like many people, you find yourself with a renewed enthusiasm for self-improvement. According to statistics from the University of Scranton, nearly half of Americans regularly make New Year’s resolutions, with weight loss, organization and improved finances ranking among their top three goals.
People buy and sell homes for a variety of reasons. Understanding their motivation and their experiences is the goal of the annual Profile of Buyers and Sellers survey conducted by the National Association of Realtors (NAR).
With Baby Boomers approaching retirement age in record numbers, and home values returning to a point where their owners are finally comfortable enough to sell, it’s easy to understand why builders are optimistic about the 55+ housing market these days.
’Tis the season to be jolly, to deck the halls and to buy presents for family and friends. But, did you know the holidays are also considered by some experts to be a good time to buy or sell a home?
Maybe it’s the relaxed attitude or the wide-open spaces. Whatever the cause, Westerners are the most likely people in the country to enjoy their neighbors (72 percent in the West, compared to 67 percent nationally) - despite being the worst about knowing their names.
By now, you’ve probably heard that Arizona, like other recovering states, is in short supply of new homes. While it’s true that inventory remains tight as builders push to keep up with rising consumer demand, plenty of options exist in the marketplace for people looking to purchase a new versus a resale home.