Building to suit young singles and empty nesters may miss a key segment of market. Single dads also are a growing market segment.
When developers think about designing properties for renters, they often think about young single people and empty nesters.
But neither of those groups is the fastest-growing among renters: Single moms were the fastest-growing group of renters between 2000 and 2010.
What they want in a home is likely to be quite different, starting with more bedrooms and play areas for children, not rooftop terraces for cocktail parties.
With multifamily housing the only segment showing any signs of growth, and more households becoming renters, it's important to take into account just who will be renting when apartment projects are planned. About 1.4 million new renter households were created last year, a 4% increase.
Real-estate agents throw lavish parties to lure buyers and brokers to high-end properties. How about Botox and foot massages? Car washes?
If your real-estate agent has put on an open house at your place, she may have brought a plate of cookies and some bottled water. An open house for agents might have included lasagna from Costco.
You mean your agent didn't bring a mini-circus? Or offer free Botox?
The competition to sell luxury homes has raised the bar on open-house parties. The multimillion-dollar home set is not setting out hors d'oeuvres from Costco.
At a recent open-house gala for an $8 million property in Santa Monica, Calif., agents hired a minicircus, which included stilt walkers and a contortionist in a clear plastic bubble in the pool.
The latest CoreLogic report shows values lower for the second straight month. Another report notes the pace of foreclosures is increasing. Consumers share analysts' pessimism.
The latest CoreLogic home price index finds prices down 1.1% in September, the second straight month of decline.
CoreLogic expects further price drops, and so do consumers, according to a monthly survey from Fannie Mae.
Of the 100 top metro areas tracked by CoreLogic, 82 showed home price declines from September 2010. Nationwide, the year-over-year decline was 4.1%. Home values were down 31.2% from their peak in April 2006.
"Distressed sales remain a significant share of homes that do sell and are driving home prices overall,” said Mark Fleming, chief economist for CoreLogic.
The 30 markets that the NAHB says are doing well are mostly smaller cities. Pittsburgh and New Orleans are the only large cities on the list.
The National Association of Home Builders has added nine new cities to its list of improving real-estate markets, bringing the total number to 30.
November was the third straight month that the number of markets deemed improving – measured by housing permits, employment and housing prices – increased. To be classified as improving, a metro area has to show improvement in those measures for at least six months.
"Texas continues to dominate the list of improving housing markets in November, increasing its net number of entries to eight and continuing a trend in which energy-producing metros seem to be doing better than the average," NAHB Chairman Bob Nielsen, a homebuilder from Reno, Nev., said in a news release. "This is further evidence that all housing markets are uniquely dependent upon local conditions, and some are leading the way toward an eventual broader recovery."
The new markets added to the improving list in November were Cheyenne, Wyo.; Corpus Christi, Texas; Davenport, Iowa; Fort Collins, Colo.; Hinesville, Ga.; Lima, Ohio; Monroe, La.; Tyler, Texas; and Williamsport, Pa.
Photographer has been documenting the vacant and boarded-up buildings of his hometown for more than a decade.
At first glance, Kevin Bauman's website looks like a set of real-estate listings. But most of the houses he has documented will never be anyone's home.
Baumann, a Detroit native, has created a photo essay called "100 Abandoned Houses," a stark portrait of the recent history of his city. He has been photographing Detroit's vacant and boarded-up homes for nearly a decade.
"I had always found it to be amazing, depressing and perplexing that a once-great city could find itself in such great distress, all the while surrounded by such affluence," he writes on his website.
Two architects pool their resources and use common materials to build an uncommon house. It's for sale for $399,000.
It's a modest house, 2,200 square feet with two bedrooms and two baths. It's offered for sale for $399,000.
To be able to build the house on an infill lot, Cy Keener and Jay Atherton had to pool their resources and live as roommates in the completed space. Because of budget constraints, they built the house using common materials, such as concrete block and drywall. Rather than buy interior features, such as cabinets, they built as much as they could themselves.
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A new census study reports that 10% of women and 19% of men 25 to 34 are living with their parents, a significant increase since 2005.
The U.S. Census Bureau has just released a new report confirming what we already know: More young adults are living with their parents.
According to data released today, among people ages 25-34, 10% of women and 19% of men live with their parents. That's up from 8% of women and 14% of men in 2005.
What's interesting is that the trend started before the recession, meaning it's not just the economy that's keeping your kid living in your basement.
The different measures don't always provide the same results because they use different data. Knowing what each index measures can help you interpret the numbers.
From reading this blog and other media reports, you may be confused by stories that say home prices are up, home prices are down and home prices are stable.
All of those things may be true, depending on which data you're citing. Different groups collect different statistics, one reason why they get different results.
If median sale price is measured, for example, it could rise in a month when a lot of expensive homes were sold and fall in a month where there were mostly sales of lower-priced homes, yet still not mean home prices in general are falling.
Plus, home prices vary widely from neighborhood to neighborhood, and statistics may look at entire cities or metropolitan areas. One great example is South Florida, where homes on average have fallen in value 50% since the market peak in 2006.
Yet the Miami-Fort Lauderdale area is home to the city where homes have risen in value the most since President Barack Obama took office in 2009 and the city where homes have fallen the most in value.