A recent article on doctorhousingboom.com clearly demonstrates the impact that boomers are having on the housing market. Boomers between the ages of 55 and 74 are much more likely to own additional residential property besides their personal home, and while some of these homes are vacation properties, most are likely to be held for use as rental property.
Archives for November 2012
It may be something that you think could never occur on your property or maybe something you, like many Americans may not want to think about. But if there has any been illegal activity on your multifamily property, there’s a good chance that those involved may have been involved due to human trafficking.
Something that people get caught up in when looking at a home are things like the paint, wall paper or carpet. These are things that can easily be changed after buying it. Small changes like this are easy to do, don’t cost a lot, and can even raise the value of your home.
Despite the devastation of Hurricane Sandy, sales of existing homes increased in October and prices continue their climb, according to the National Association of Realtors.
Even a few years back, Miami was facing a slump in the real estate industry. Back then, it was not just failing to attract US buyers, but the foreign interest in South Florida’s properties had also taken a hit.
In real estate technology news, Zillow has announced the acquisititon of real estate search site HotPads for an estimated $16 million in chash. This acquisition is supposedly slated to grow Zillow’s “rental audience” as well as extend the company’s marketing for rental pros.