Fifty-two of the 100 largest U.S. cities were majority renter in 2015, according to U.S. Census Bureau data. Since 2009, 21 cities had shifted to renter-rule. Renters now dominate in both hot housing markets such as Denver and San Diego and more tame markets like Detroit and Baltimore.The homeownership rate has fallen steadily for a decade as millions of foreclosures prompted more owners to rent. Renting likely will continue to rise through 2030,
Sales of newly built single-family homes posted a robust month in February. New-home sales rose to a seasonally adjusted annual rate of 592,000 units, up 6.1 percent month over month and 12.8 percent ahead of last year, the Commerce Department reported this week."February's increase in new home sales is consistent with builders' growing confidence in the housing market," says Granger MacDonald, chairman of the National Association of Home Builder
Booming tech sectors and real estate often bond tightly. While the Bay Area continues to be the nation’s most robust tech center, tech-driven areas are popping up elsewhere across the U.S.Indeed, more than two-thirds of tech workers now feel little or no need to live in the Bay Area, according to a recent article at Forbes.com. Instead, they’re finding opportunities in the Northeast, South, or Midwest, where home prices tend to be cheaper as
The necessity for thorough communication and follow-up is crucial during any real estate transaction, but maybe never more so than during an out-of-state or international relocation.The folks at Century 21 Blackwell & Company Realty Inc., in the upstate area of South Carolina, know a thing or two about relocation. Their area includes a tech and manufacturing hub featuring companies such as GE, 3M, Honeywell, Lockheed Martin, Michelin, and oth
Salt Lake City was named the top city for millennials this year, according to a new ranking released by realtor.com®.In the U.S., the average share of the 25–34-year-old population is 13 percent. In Salt Lake City, millennials comprise 15.8 percent of its total population. Salt Lake City also has the lowest unemployment of all the markets on the top 10 list, at 2.9 percent (below the national unemployment rate of 4.7 percent).Some surprising c
Smart homes can be susceptible to viruses, if homeowners aren’t careful.Many smart home devices are vulnerable, security experts say. A flood of inexpensive security cameras, thermostats, and other internet-connected devices have come to the market, and many of them are carrying minimal safeguards against remote hacking, The Wall Street Journal reports. What’s more, often times, many owners don’t realize their devices contain malicious soft
Bigger isn’t always better with the man cave. The “mini” man cave is starting to catch on.Men’s dedicated spaces may be shrinking from the garage or entire room to now be as small as just a walk-in closet.Still, “it’s important—for a man’s sanity—for him to have his own space in which to relax,” says Jason Cameron, a contractor and former host of the TV show “Man Caves.”Celebrities are bringing more attention to the trend.
The Federal Reserve has made two swift rate hikes in just four months and vows of more to come. But there’s a way to slow the pace of interest-rate hikes: Build more homes, Lawrence Yun, the chief economist for the National Association of REALTORS®, writes in his new column at Forbes.com.Building more apartments and single-family homes would help slow down inflation, Yun says.The nation has typically added 1.5 million new housing units each ye
Producing shareable content should be key behind any internet marketing strategy. The more you can get others to share your content, the more new prospects you can land in front of, and the potential to rank higher in Google searches.But what motivates other people to want to share your content?It may come down to science. Firms Moz and BuzzSumo teamed up to examine a million pieces of content to learn the science behind content shares.Type of co
When is your garden in full bloom? Believe it or not, waiting to put a house on the market when flowers, plants, shrubs, and trees are at peak color can make a big difference in how fast a home sells and at what price. That's one of the tips in a special show on the spring selling season on "Real Estate Today," the National Association of REALTORS®' consumer-facing radio show.The show is a top story in the latest Voice for Real Estate news video
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
