Discover real estate trends, investment strategies, and expert advice for buyers and investors.
Real Estate
In October 2024, U.S. existing home sales rose by 3.4% from September, reaching an annualized rate of 3.96 million units, marking the first year-over-year increase since July 2021. This uptick is attributed to a slight rise in housing inventory, which provided more options for buyers despite persistently
Real Estate
Before purchasing a home, it's essential to assess your financial readiness and how homeownership aligns with your long-term goals. Consider the following key questions: 1. Can I Afford the Total Cost of Homeownership? Beyond the mortgage payment, homeownership entails additional expenses such as property taxes, insurance, maintenance, and
Real Estate
The decision to buy a home is significant, and timing plays a crucial role. Recent data indicates that the median age of first-time homebuyers has risen to 36, the highest on record. This trend suggests that many are postponing homeownership. Let's explore the advantages and disadvantages of delaying
Real Estate
The New York City Council has passed the Fairness in Apartment Rentals Act (FARE), shifting the responsibility of paying broker fees from tenants to landlords. The legislation, approved by a 42-8 vote, aims to alleviate the financial burden on renters by prohibiting brokers representing landlords from charging fees to tenants.
Real Estate
U.S. home builders are increasingly converting unsold homes into rental properties or selling them to investors amid a surge in housing inventory and elevated mortgage rates. This shift is driven by a significant rise in unsold inventory, which has reached its highest level since 2009, and the affordability challenges
Real Estate
Homeowners across the United States are experiencing significant increases in Homeowners Association (HOA) dues, with rates rising faster than inflation. These dues, which fund shared amenities and maintenance, are becoming a substantial financial burden for many residents. Several factors contribute to this trend: * Insurance Premiums: Natural disasters and increased risk
Real Estate
The average age of U.S. homebuyers has reached a record high of 56, reflecting significant shifts in the housing market. This increase is attributed to rising homeownership costs, including elevated mortgage rates and property prices, which have made it challenging for younger individuals to purchase homes. Consequently, older, more
Business Insights
Wendy's has announced plans to close approximately 140 of its restaurants in 2024 as part of a strategic move to streamline operations and improve overall profitability. This decision comes amid increasing competition in the fast-food industry and changing consumer preferences. The company aims to focus on its most
Real Estate
The average rate for a 30-year mortgage in the U.S. has surged to its highest level in over two decades, marking the sixth consecutive week of increases. Currently sitting above 8%, this spike in mortgage rates reflects broader economic trends influenced by the Federal Reserve's ongoing efforts
Real Estate
In the ever-evolving landscape of business and industry, technology is a relentless force of change. Its influence extends far beyond the confines of the tech sector, impacting every facet of our lives, including the way we conduct business and, in particular, how commercial real estate (CRE) operates. In this article,
Construction
The construction industry is in a constant state of evolution, driven by technological advancements, changing demands, and sustainability concerns. As we step into 2023, several key trends are poised to reshape the landscape of construction. From innovative technologies to sustainability-focused practices, here are seven construction trends to keep a close
Real Estate
In the fast-paced world of real estate, technology continues to revolutionize the way we buy and sell properties. From advanced property search tools to virtual home tours, the integration of innovative tech solutions is reshaping the industry and enhancing the overall customer experience. Let's explore some of the