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American homes are getting bigger

By Mike Wheatley | November 25, 2021
With the coronavirus pandemic forcing people to spend more time indoors, home buyers are looking to trade up to bigger properties. The median single-family home floor area has risen to 2,337 square feet, according to the latest data from the U.S. Census Bureau The average size of new single-family homes is 6.2% bigger since the […]
Housing

Home prices are rising faster in areas without mass transit

By Mike Wheatley | July 13, 2021
Home prices in areas without mass transit services are rising almost twice as fast as those where public transportation is widely accessible, a new study has found. The Redfin study found that the median home sale price in what it calls “car-dependent areas” has risen by 32.8% to $418,100 since January 2020. At the same […]
US Real Estate, Zillow

Armed with savings from the pandemic, young adults eye homeownership

By Mike Wheatley | July 6, 2021
Zillow believes that most millennials and Gen Zers are enthusiastic about the idea of owning a home and that a good number of them will look to buy one in the near future. A recent survey on the housing preferences and influences on the younger generations found that three in five are planning to use […]
US Real Estate

U.S. fertility rate drop to impact housing

By Mike Wheatley | March 9, 2021
The recent revelation that Americans are having fewer children during the COVID-19 pandemic is likely to have some big implications for the U.S. housing market, causing new trends that are apparent even now. In a post on the National Association of Realtor’s Economists’ Outlook blog, Dr. Jessica Lautz, vice president of demographics and behavioral insights […]
Featured News, US Real Estate

Zillow predicts a stronger housing market in 2021

By Mike Wheatley | January 5, 2021
Zillow has said that it expects the for-sale housing market to gain even more strength in 2021 following an incredible run that came in the wake of the coronavirus pandemic. Zillow said in its 2021 housing predictions that demand is continuing to grow as we enter the new year, and that this will likely surge […]
Residential, US Real Estate

Interest in manufactured homes is booming

By Mike Wheatley | December 11, 2020
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 […]
Featured News, Home Buying, US Real Estate

This is why millennials struggle to buy homes

By Mike Wheatley | December 7, 2020
The homeownership rate of millennials is 8% lower than it was for Gen Xers and Baby Boomers when they were the same age, according to a new report by the Urban Institute. So why are younger generations struggling to obtain a home at the same rate as their parents were? In its Millennial Homeownership report, […]
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