Housing Trends
Dive into housing trends with data-backed insights on affordability, supply, demand and how living patterns are evolving.
Moving To Phoenix? Head To These Neighborhoods For A Taste of Upscale Living
Looking at how much Phoenix, AZ, has to offer in terms of weather, natural beauty, tourist attractions and fine living, it doesn’t come as a surprise that many people choose to relocate to Arizona’s capital city. In 2020, the U.S. Census Bureau estimated that the metro area received 300 new residents every day. Last year marked a considerable spike in the number of people moving to Phoenix and Maricopa County was named the fastest-growing county in the US.
What’s A Fixer-Upper And How Can You Make The Most Of It?
Just like a house is not a home, a fixer-upper also needs love, resources, attention and craftiness to become a true home. Whether you’ve watched home improvement shows, read magazines highlighting the potential of such projects or just heard about somebody who managed to do it, you already know a little bit about house flipping and conversion projects.
Top 10 Mid-Sized Cities For Renters
Are you a renter searching for a quieter location but not really a fan of the suburbs? Mid-sized cities might just be the answer for you. You will still enjoy the benefits of urban living and you might be able to save some money too.
How Much Money Can Downsizing Really Save? From $93K In Phoenix To (Yes!) $400K In The Bay Area
Downsizing serves homeowners in a variety of ways. Not only can people enjoy premier locations for less, but they’re also setting themselves up for a simpler, often easier living situation. A smaller home means less maintenance work and cleaning efforts, reduced utility costs and a lower carbon footprint.
The American Backyard In The Last 100 Years: Lot Sizes In San Diego Get Bigger While Seattle Loses Yard Space
The demand for larger homes, combined with rising building costs and shrinking lot sizes, has forced a compromise that often leaves homeowners with limited outdoor space, as developers try to balance buyer preferences with the need for more housing.
How To Find The Perfect Fixer-Upper in San Francisco In 10 Steps
Whenever you’re looking to buy a house, you have a list of criteria you would like. You could be looking for a ready-to-move-in situation, or you could be on the lookout for a fixer-upper that you can sell later at a better price. Fixer-uppers are typically homes in disarray that are popular as they can typically be bought at a lower price. If you’re looking for one in the Bay Area, rest assured you stand good chances of finding one.
Best PHX Neighborhoods For All Budget Types (And A Few Extras On How To Enjoy An Uncluttered Home)
With a year-round pool season, lots of sunny days and breathtaking desert landscapes, Phoenix, AZ is one of the most attractive cities to live in. New residents are drawn in by the favorable climate, affordable cost of living and job opportunities. If you’re looking to set roots here, you’ll be happy to know that real estate is generally cheaper than in other urban hotspots. Based on the listing price, buying a home here will cost you, on average, $395K, lower than Gilbert, AZ and Miami, FL. However, if money is no object, there are quite a few neighborhoods that will give you access to exclusive communities and features.
Seattle’s Lot Sizes Shrinking: Big-Yard Homes Increasingly Far From The Urban Core
Home prices are now at historic highs. The median price of an existing home reached $341,600, with all major regions in the US posting double-digit increases. Rising demand for housing combined with the high cost of land and building materials has pushed lot sizes to new lows across the country. The median size of a lot for a new home was 7,900 square feet in 2020, down 11% compared to 2000. Meanwhile, homes are getting bigger – the median size of a single family home built in 2020 was 2,260 square feet, up 12% from two decades before.
Should I Fix Up My Home Or Try To Sell It As Is?
An eternal real estate market question is whether it’s worth renovating your property before you try to sell it, or is it unnecessary to spend that money? According to the experts, a pre-sale renovation may pay off; however, due to higher and higher construction costs, the renovation might be pricey. At the same time, the question for buyers is whether it pays to buy a renovated home or is it better to renovate a cheaper property that could become a dream home?
Urban Living Upstages Suburbia Even In Pandemic Year: LA, NYC Stand Out As Top Cities For Renter Interest
The rental market experienced significant disruptions last year, mostly due to the global health crisis, which caused changes in both lifestyle and housing preferences. Amid health, affordability, and employment concerns, 18% more renters changed residences in 2020 compared to 2019. According to our recent analysis of approx. 1.7 million renter applications, 69% of renters looked for housing in the same state, with the remaining 31% eyeing a different state for their new home.