Moving trucks loaded with the biggest hauls rolled out of California and into Texas in 2013.
"The most frustrating thing about L.A. was we were making really good money and could never break into the housing market. We were spending a fortune on rent," says Darby, 31 years old.
So Darby and her partner, Dak Rasheta, who both work in the entertainment industry, moved to Dallas last month. They bought a three-bedroom house, and their mortgage payment is less than half of what they were paying in rent each month.
Before putting your house on the market, consider these ways to spruce up your home.
To give prospective sellers ideas on what needs to be on their spring-cleaning checklists, here are some areas homebuyers will likely view with a critical eye — and how to address them.
1. Trim the lawn and trees
High-end buyers emboldened by the recovering economy take advantage of reduced price tags.
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Share of housing construction as rental apartments at highest level in at least four decades.
The share of new homes being built as rental apartments is at the highest level in at least four decades, as an improving jobs picture spurs younger Americans to form their own households but tighter lending standards make it more difficult to buy.
Residential construction -- a pillar of the economy and employment -- is starting to ramp up again overall, but in previous years the growth was driven by single-family homes. Last year, according to census data, construction was started on a little less than one million new residential units, and about one in three of those was a rental in a multifamily building, the highest share since data began in the mid-1970s. Single-family homes accounted for about two-thirds of housing starts last year, down from their peak of 87 percent in 1993 and about 80 percent in the years leading up to the recession, the census data showed.
The actor has reportedly purchased a Donald Wexler-designed midcentury modern home for $5.2 million.
Don’t look now, but a new Hollywood golden age may be starting in Palm Springs, Calif.
Following in the footsteps of Frank Sinatra, Bob Hope, Elizabeth Taylor and countless other film stars, who used the desert playground to escape the bright lights and media attention of show business, leading man Leonardo DiCaprio has reportedly found respite in Old Las Palmas.
The utilitarian device can be dressed up with themes and high-tech control panels.
There are a number of conversation pieces in Jeff and Karen Armour's 10,000-square-foot French-country-style home in Orange County, Calif. It has a man cave with a golf simulator and a glass conservatory with heated floors. But the highlight is the couple's elevator — a $55,000 homage to Karen's coal-miner grandfather.
Clad in repurposed barn wood, pipe metal and wire mesh, the elevator is decorated to resemble one that might be found in a mine shaft.
Condo owners have largely been quiet in the debate over Biggert-Waters flood insurance reform. Homeowners, however, have reasons to gripe.
The public outcry over skyrocketing flood insurance rates that resulted from the well-intended but deeply flawed Biggert-Waters Flood Insurance Reform Act has largely been confined to gobsmacked coastal homeowners who saw the subsidized premiums on their vintage homes jump tenfold or twentyfold overnight.
Conspicuously absent in the uproar have been the nation's hundreds of thousands of coastal condo owners. Surely their flood rates have exploded as well, right?
If you're going to San Francisco, well, you've found a good spot for 'upward trending real estate.'
If you live in San Francisco, you can now say you're an inhabitant of the most dynamic city in the world. At least according to the real estate firm Jones Lang LaSalle, which compiled a list predicting the 20 most dynamic cities with the most momentum worldwide for 2014.
Using three main categories — commercial real estate (30 percent), socioeconomic momentum (40 percent) and high-value incubators (30 percent) with high-value incubators representing "the quality of a city's education infrastructure, its innovation capability and the strength of its technology sector," according to the study — the firm ranked 111 global cities looking for those with hallmarks of a lively and progressive area. Cities with the ability to adapt and innovate quickly, a knack for fostering new and creative businesses, new building construction and upward trending real estate, made the top 20.