Baby boomers are the fastest-growing group of renters in the nation, increasingly drawn to the convenience of apartment life. Between 2009 and 2015, the number of renters ages 55 and older jumped 28 percent, while renters ages 34 and younger only increased 3 percent, according to Census data. Further, more than 5 million baby boomers nationwide are expected to rent their next home by 2020, according to a 2016 study by Freddie Mac.“You would thi
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Among the home improvement projects buyers are most likely to value are those that increase storage space and preserve vintage features. Southern Living magazine recently rounded up some of the renovations that get sellers the most attention for their properties, including:Temperature-controlled square footage: “From the appraiser’s point of view—and really from everyone’s—heated and cooled square footage is the biggest winner” in
The cities where homeownership rates are growing the fastest are mostly in the Rust Belt, as well as smaller metros near bigger and more expensive urban areas, according to research from realtor.com®. The South is also seeing an uptick in homeowners thanks to booming job markets in the region. “Affordability is a strong draw to these areas,” says realtor.com® Chief Economist Danielle Hale.More than half of the metros on realtor.com®’s li
For the past two years, consumers have been spending more money at mom-and-pop retail stores than big-box chains, and America’s shopping malls are feeling the impact, according to credit card company Mastercard, Inc. “The consumer is shopping small,” Mastercard Senior Vice President Sarah Quinlan told Bloomberg.Big retail chains still account for the majority of purchases—but many of the wealthiest consumers are bypassing malls for more
Developers are continuing to shrink the size of new single-family homes, according third-quarter housing data compiled by the National Association of Home Builders. The median square footage of a single-family home was 2,378 square feet in the third quarter.In the years following the Great Recession, builders were focused on the higher end of the market, catering to larger-sized homes. But more recently, builders have renewed their focus on the e
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iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on becoming a salesperson
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Home buyers were taking out mortgages in higher numbers last week. Applications to purchase a home increased 5 percent and are now 4 percent higher than the same week one year ago, the Mortgage Bankers Association reported Wednesday.But higher home prices appear to be pushing more buyers toward adjustable-rate mortgages, the MBA reports. ARMs tend to carry lower initial interest rates. The ARM share of total mortgage applications is now 8 percent
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