As the housing market continues to recover, housing starts continue to trend upwards. With wavering numbers towards the end of 2013 and the beginning of 2014, recent months have provided strong growth that has led to an anticipated 991,000 total …
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First-Time Buyers Face Obstacles
The amount of first-time homebuyers in the market is rather small compared to previous years. According to the National Association of Realtors (NAR), “the share of first-time buyers fell to its lowest point in nearly three decades and is preventing …
Read More »Regional Differences in Characteristics of Single-Family Homes
From what it’s made of to how it’s designed, homes across the country vary significantly depending upon what region they’re in, according to the National Association of Home Builders’ (NAHB) analysis of the 2013 Census Bureau Survey of Construction. The …
Read More »Number of Occupied Residential Housing Units Up
The U.S. Department of Housing and Urban Development recently released its biennial American Housing Survey. The survey indicates the number of occupied residential housing units has increased since 2011, with 87 percent of the 133 million residential housing units occupied. …
Read More »Home Sales Fall Forward in September
After a small decline in August, September existing-home sales grew to the highest levels in 2014, according to the National Realtor Association. Sales in August were 5.05 million and climbed to 5.17 million in September, still 1.7 percent below last …
Read More »Where Millennials are Settling
NewGeography, a site that focuses on where people live and work, recently analyzed the relationship between urban cores and millennials. It is true that there is an upsurge in urban core living that reflects the living preferences of millennials. However, …
Read More »Student Loan Debt Delays Millennial Homeownership
The American Dream has included homeownership for many years. Today, however, that dream is at a standstill for young adults already burdened with large amounts of student loan debt. According to an article by the Detroit News, 414,000 homes sales …
Read More »Higher Incomes Lead to an Improved Housing Market
According to a recent article by Realtor Mag, an improving economy appears to be leading towards a better housing market. The article explains that while income is lower than in 2007, from 2012 to 2013, there was a 1.1 percent …
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