Young adults are now taking on more mortgages than any other generation and increasing their purchase power in the housing market. Millennials represent 42 percent of all new-home loans, higher than both the baby boomers and Generation X, according to a new study from realtor.com®. Read more HERE.
Columbus, Ohio is a hot market for millennials!
Designing houses with features buyers want is a continuous process for the home building industry. During a Feb. 19 session at the 2019 International Builders’ Show in Las Vegas, builders and designers took a break from their work to talk about some of the changes they’re seeing. Read more HERE.
Consumers ranked the following home features highest:
Laundry room: 91%
Energy Star windows: 89%
Energy Star appliance: 86%
Ceiling fan: 85%
Garage storage: 85%
Exterior lighting: 85%
Walk-in pantry: 83%
Hardwood flooring: 83%
Double kitchen sink: 81%
Energy Star–whole home: 81%
Home inspections have been uncovering much-needed property repairs. More than 1 million repairs needed more than $11,000 in costs, according to a February review of 50,000 home inspection reports by Repair Pricer, a home repair estimating resource.
The following is a chart from Repair Pricer of the 10 most common home defects found in inspection reports. You can download a copy of the full report HERE.
Spacious areas can sometimes feel cold and unwelcoming. How can you make a large living room with high ceilings feel more inviting? Houzz, a home remodeling website resource, provides some of the following tips.
Male and female home buyers gave the highest marks to properties with a garage; an en suite, main-floor bathroom; or a newer furnace or A/C unit.
Fifty-one percent of women and 41 percent of men ranked a garage a must-have when buying a home.
Check out the infographic below, and read more HERE.
Demand for housing is picking up and housing analysts are pointing to lower mortgage rates as the main reason. The spring buying season may be coming early. Read more HERE.
If you have the itch to buy or sell, contact us!
When a home inspector examines the property your buyer is under contract to purchase, you should know that there are some items the inspector legally can’t determine about its condition.
HouseLogic.com, the National Association of REALTORS®’ consumer-facing website, recently highlighted several points that home inspectors can’t tell a buyer about.
Older homes often come with plenty of character and possibly even a lower price. But buying a home that has been around for a while can also mean dealing with age-related problems.
RISMedia’s HouseCall has tips during the home inspection process for home shoppers to watch for before purchasing an older home.
Nearly 80 percent of Generation Z members say they want to own a home before age 30, but a new study shows they will need to do plenty of saving beforehand. Indeed, Generation Z will need to save $304 a month for the next 12 years to buy a home with a 10 percent down payment plus closing costs on a median-priced home by the age of 30, according to a new study released this week by realtor.com®.
Check out these interesting statistics on Airbnb!