The pandemic triggered a suburban home rush, and more than a year in, that doesn’t appear to be letting up. Even as big cities stage a housing comeback, the suburbs remain hot.The number of home buyers shopping nationwide for suburban homes has jumped 42.1% since the pandemic began, realtor.com®’s data shows. Suburban homes comprised 62% of online home views in September compared to 38% for listings in urban areas.“The suburbs have always
Real estate’s typical seasonal slowdown isn’t happening this year. Sales remain high and lookie-loos are still out in force.ShowingTime, a residential real estate showing managing and market stats tech provider, reports “surprising” home buyer activity particularly in the Midwest and South regions during October. They note an unusual jump in home showing traffic.“Showing activity typically slows in the fall, but as the Showing Index has
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This winter is expected to be unseasonably hot for the housing market.“Compared to other past winter seasons, this winter season’s sales activity will be stronger,” says Lawrence Yun, chief economist of the National Association of REALTORS®. “This winter, there will be more sales compared to pre-pandemic winters going back all the way to 2006.”The momentum from the last few months is expected to continue. From March through October, ho
’Tis the season to show your appreciation, and sometimes the simple words “thank you” don’t seem like enough.A public display of thanks can show your appreciation. Offer thanks to a colleague on a companywide channel or post an Instagram story that mentions your client.Consider hosting a client appreciation event over the holidays, such as a special dinner or even visits with Santa Claus for children. Need ideas? Read about what other rea
Holiday decorating is in full swing, and as homeowners deck their halls, they may want to also use the festivities as an excuse to inspect several out-of-sight ares of their home.Groundworks, a basement and foundations firm, offers up tips to spot needed repairs in the home while also hanging your holiday decor. Here are the top seven home issues they suggest looking for:Electrical outletsIs a plug no longer working? Outdoor outlets are exposed t
Glass is joining the list of building materials in short supply. A range of industries, including shower door manufacturers and window installers, are reporting glass shortages.Nearly two-thirds of home builders said that windows are their biggest material shortage, according to a recent survey from John Burns Real Estate Consulting. Rounding out the top four in additional shortages are umber, engineered wood products, and concrete, according to
The pandemic has prompted more Americans to want to supersize their homes. The median single-family square floor area as increased to 2,337 square feet as of the third quarter, while the average (mean) square footage of new single-family homes rose to 2,541, according to the latest Census Bureau data, as reported by the National Association of Home Builders.The average size of new single-family homes is 6.2% bigger since the lows reached dur
The “Great Resignation” is not the only major workforce movement taking place. Realtor.com® also notes the “Great Reshuffle,” as an increasing number of Americans quit their jobs and take new roles—often moving to new locations in the process because they may not need to be near their new office.Realtor.com®’s research team examined workforce migration data from LinkedIn to identify the areas where job seekers are most often heading
Investors are seeing early benefits to their opportunity zone investments: Median single-family and condo prices are increasing in the majority of nationwide opportunity zones—by 62%, according to a third-quarter report released by ATTOM Data Solutions. Prices increased by at least 20% annually in nearly half of the zones.Opportunity zones, established by Congress in the Tax Cuts and Jobs Act of 2017, were created to help revitalize low-income
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