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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.
Continuing to learn new things offers many benefits, including cultural enrichment, engagement with others, and even better brain health and sharper thinking. Research has shown that this is true for people of all ages—especially when combined with a social aspect, like taking a class with other interested students.
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.
(BPT) - Can the look and condition of your roof affect the resale value and curb appeal of your home? What about your window frames, entry door or shutters? The answer is absolutely.
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.
(BPT) - Going green is good for the environment, but it can also be good for a homeowner’s wallet – and that’s the aspect of eco-friendly improvements that seems most appealing to homebuyers. More than 80 percent of buyers said they would pay more for home features that saved energy and trimmed utility bills, according to a recent survey by the National Association of Home Builders.
(BPT) - More and more homeowners are embarking upon home improvement projects, spending nearly $200 billion a year on home renovations, according to the National Association of Home Builders. If you’re looking to make some home improvements without breaking the bank, spend smartly and invest time and money now into the projects that will pay back later.
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.
(BPT) - Listing your home for sale? Or want to? First impressions can make the difference in attracting prospective buyers. Many buyers make decisions based on emotion. To appeal to emotions, and make a positive first impression with prospective buyers, present your home at its best.
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.
WASHINGTON – U.S. Rep. Ron Barber has urged Tesla Motors to build its new 6,500-job battery factory in Southern Arizona, citing the research expertise of the University of Arizona, the area’s transportation facilities and quality of life and a workforce that is diverse and well-educated.
(BPT) - Do you cringe every time you step into your bathroom? If so, it may be time to remodel. Bathroom remodels are the most popular remodeling project, according to a recent survey by the National Association of Home Builders. But remodeling doesn’t have to be a budget buster. You can simply improve what you already have to get the spa-like retreat you’re seeking. Here are a few tips to get you started on your redesign.
(BPT) - With many real estate industry watchers predicting 2014 will be a seller’s market, you may think you won’t need to do much to sell your home this spring. Not so fast – while more buyers are likely to be competing for homes, that doesn’t mean they’re willing to settle for less than perfect. In fact, coming out of the real estate crash of a few years ago, buyers have learned the importance of getting the maximum value for their home investment.
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.
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.
The housing market continues its bumpy ride toward full recovery with more lurches, twists and turns than a roller coaster at the state fair.
A recent change in federal housing guidelines could set the stage for up to 2.5 million formerly foreclosed homeowners and short salers to re-enter the housing market sooner rather than later.
We’ve always known home buying is an entirely subjective experience, largely dependent on personal circumstances and tastes. Now, two national surveys shed light on how generational differences can influence the choices buyers make concerning home size, location and age.
Most door and window locks might keep out someone who just rattles the knob, but they won’t stop a determined burglar. Nationally, thieves enter homes through an unlocked entry in more than 40% of all residential burglaries.
If you’ve been considering making the jump from renter to homeowner, here’s some news that could help make up your mind. According to online real estate company Trulia, buying remains cheaper than renting in most communities across the country as long as mortgage rates stay below 10.5 percent. Even with the recent increase in the 30-year fixed rate to 3.9 percent, it’s still 41 percent cheaper to buy a new home than rent one, nationally.
For most people, buying a new home is one of the single-largest purchases they’ll make in a lifetime. But with so many choices available, how can a buyer feel confident in their selection? Choosing to do business with a reputable homebuilder is one way to gain peace of mind.
You might naturally assume that with the uptick in homebuilding activity across the country and the economy’s steady improvement, homebuilders everywhere would be jumping for joy. Not exactly.