The pandemic has caused a surge in demand for vacation homes



The COVID-19 pandemic appears to have inspired more people to look at buying a vacation home, according to a new analysis of mortgage data by the online real estate brokerage Redfin. In its analysis, Redfin found that mortgage applications for second homes jumped by 84% in January, compared to one year ago. And in September […]

Renters’ credit scores are improving



Renters are on the whole managing to improve their credit ratings, even as many struggle to cope with the financial consequences of the coronavirus pandemic. A new analysis by RENTCafe of more than 5 million lease applications in the U.S. shows that landlords are approving new tenants with higher credit scores than in previous years. […]

25% of U.S. homeowners haven’t moved in 20 years



Around 25% of American homeowners have lived in their homes for 20 years or more, and the trend could be contributing to the shortage in housing inventory, experts say. Redfin said its latest study shows there are now more U.S. homeowners with a 20+ year tenure of living in their homes than ever before, and […]

Asians, Blacks and Hispanics to fuel new household growth



The Urban Institute has said that virtually all of the household growth in the U.S. expected over the next two decades will come from “minority households”. Its researchers said in a report last week that between 2020 and 2040, around 16.1 million new net households will be created, and the vast majority of them will […]

Agents expect more bidding wars throughout 2021



With housing inventories low and home values rising by double-digits over the past year, sellers are holding firm on the price they demand. A recent survey by the real estate agent referral firm HomeLight has found that 52% of agents believe the biggest challenge sellers will face in 2021 is the temptation to overprice their […]

Minor Home Improvement Projects Can Provide Major Returns



Home Improvement projects are a great way to increase the value of your home. Especially if you are getting ready to sell your home.  Granted, some remodeling projects can cost a fortune and take a lot of time to complete. Major projects like, finishing an unfinished basement or building an addition to your home are […]

Nursing home occupancy falls as families bring aging parents home



More Americans are taking care of their aging parents at home instead of sending them off to nursing homes, and that’s led to a spike in demand for so-called multigenerational homes. The Wall Street Journal notes that nursing home occupancy in the U.S. has fallen by 15% since the end of 2019. One reason for […]

Demand grows for golf club community homes



Residential golf community homes are back on buyers’ radars again after years of sluggish sales and stagnating prices. The Wall Street Journal said this week that real estate pros report a big jump in demand for homes in golfing communities since the coronavirus pandemic began. But it’s not just the golf that buyers are being […]

Interest in manufactured homes is booming



We could be about to see a boom in mobile home sales. A new analysis from Point2Homes of Google Trends data shows that 23 U.S. states saw a 50% increase in searches for mobile homes from May to September, compared to the same period one year ago. The popularity of what are also known as […]

Apartment conversions reach all-time high



Developers are increasing the rate at which they transform former factories, breweries, churches and even air force bases into multifamily buildings as they bid to overcome housing shortages in America’s cities. Apartment conversions have reached an all-time high in the U.S. in the past decade, according to a study by RENTCafe. The study reckons that […]