- 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.
The glory days
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.
(BPT) - A remodeling project is one of the most invigorating lifestyle changes a homeowner can make. However, trusting a contractor with both your home and your money can feel overwhelming. Spare your time, money and sanity by following these steps for choosing the best remodeling contractor:
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.
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.
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.
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.