Builders saw a decline in the number of new homes they were able to start in January, the result of bottlenecks in material supply that slowed down construction pipelines. Housing starts fell 4.1% in the month to a seasonally adjusted rate of 1.64 million units, according to a Commerce Department report last week. Building permits,
Walt Disney Company building themed residential housing development
February 20, 2022 by
The Walt Disney Company has announced it’s building a housing development in Southern California based around the theme of “Storyliving by Disney”. The development is being built through a collaboration with DMB Development and will be centered on a 24-acre “grand oasis” that features clear turquoise waters and crystal lagoons. Disney promises those features will
Landords say they’ll raise their rents again this year
February 19, 2022 by
If you’re renting a home, you’d better brace yourself. Landlords are planning further rent increases this year, following substantial rent rises in the last 12 months. A new survey from realtor.com shows that some 61% of landlords are planning to raise their rents on at least one of the properties they own over the next
Lumber prices soar again, adding $18K to new home costs
February 18, 2022 by
New home prices are likely to rise again as the cost of lumber is accelerating once more. The rising price of lumber will likely add thousands of dollars to the price of new homes as it’s the single most important building material used in the development of most properties. Lumber prices are said to be
Predators using ‘quiet title’ laws to seize people’s homes in the Midwest
February 17, 2022 by
Opportunists are believed to be exploiting a little-known “quiet title” laws in Iowa and other states in the Midwest to seize control of people’s homes and sell them without their knowledge. Worse still, they’re mostly targeting immigrants who are unlikely to know how the laws work. Iowa Public Radio reported on the case Natalia Esteban,
Foreign investments in commercial real estate surpass pre-pandemic levels
February 16, 2022 by
Foreign investors flocked back to the U.S. in 2021 as COVID-19 travel restrictions were eased, leading to a boom in commercial real estate. Investments from foreign nationals in the sector exceeded pre-pandemic levels, according to a report from Real Capital Analytics. Foreign investors purchased $70.8 billion of U.S. commercial real estate in 2021. That marks
Google research shows ‘real estate agent’ is most popular career choice
February 15, 2022 by
With thousands of people quitting their jobs amid the “Great Resignation” and searching for new career opportunities, real estate has proven to be one of the more attractive options for many, according to new research from Google. Google revealed the search trends of the jobs attracting the most attention on its search engine. The list
Office workers urged to beware cloud-based hacking attempts
February 13, 2022 by
Office workers need to be extra cautious when using cloud-connected equipment, as that is the time when they’re most vulnerable to cyberattacks, a new report has found. The report from computer security firm Netskope highlighted the most common ways hackers are able to gain access to corporate computer systems, and most of them involve the
Migration trends to drive housing demand in South and West
February 13, 2022 by
The Covid-19 pandemic has transformed and accelerated migration patterns across the U.S., and some states are seeing thousands of new residents arrive. As a result, demand for homes in those areas is expected to go through the roof. Data on U.S. migration patterns was shared by CoreLogic Chief Economist Frank Nothaft last week during the
New homes are getting bigger
February 11, 2022 by
As the COVID-19 pandemic refuses to disappear, people are looking for bigger homes. Now, builders report that the average size of the new homes they’re building has increased to 2,524 square feet as buyers look for greater space. The National Association of Home Builders said in its What Home Buyers Really Want report that the
