Wildfires in Southern California showed resistance to containment efforts Sunday night, growing larger and forcing more homeowners to flee their houses. From San Diego to Los Angeles, an estimated 800 homes have been completely destroyed since the blazes—now the fifth largest in the state’s history—first started on Dec. 4. The fires have scorched 230,000 acres, prompted more than 200,000 residents to evacuate, and with more than 86,000 home
Home buyers from Great Britain have been focusing on purchasing single-family homes in the U.S., according to the U.S. Census Bureau’s Survey of Construction. They’re targeting markets across the country, with at least one city in nearly every major region seeing a marked uptick in activity from British investors, according to Investorist, a global B2B sales platform. Investorist reveals those cities, along with factors that make them an attr
Some home buyers are drawn to the smallest home on the block. A new survey by Houzz, a home remodeling and design website, sought to find out why these homeowners prefer residences that are often 1,000 square feet or less.Homeowners of small homes say relaxing and keeping the space clean is “easy” in a small home, according to the survey, which was based on 216 respondents who say they live in a small home.Homeowners also say there are many
As home prices rise, investors are getting more jittery about home flipping.Single-family homes and condos flipped in the third quarter yielded an average gross flipping profit of $66,448 per flip, according to ATTOM Data Solutions’ Q3 2017 U.S. Home Flipping Report. That is down from 51.2 percent a year ago, and it marks the lowest average gross flipping ROI since the second quarter of 2015, according to ATTOM Data Solutions, a real estate dat
Many home shoppers don’t think about purchasing a house during the holiday months—many even put their home search on hold. But Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla., offers some points to pass on to your clients, letting them know this is one of the best times of the year to shop for a house.Less Competition, Better Prices.Let your clients know that the holiday months work in their favor. “Instead of
Investors shifted their focus back to the Midwest this year, according to a new report released by HomeUnion, an online real estate investment and management firm.HomeUnion analyzed two years of sales data on single-family rental properties nationwide to find the most popular markets with investors this year. Metros located in the Midwest dominated its top 10 list, with Chicago in the top spot.“The list highlights the growing popularity of Midw
Experts predict the advent of autonomous cars will radically change homes and towns alike. By 2021, major automakers, like Ford, Volvo, and BMW, are planning to manufacture either fully autonomous vehicles or ones capable of navigating highways on their own. Some automakers are debuting systems even sooner.Private vehicles that usher you to and from work without stop-and-go traffic may become the new way of life. You can work during your commute
Hardwood flooring is dominating the main living areas of new homes, and engineered hardwood has been particularly catching on over the past decades, according to the latest surveys from Home Innovation Research Labs.Engineered hardwood floors are made up of layers: the top and bottom layers are natural wood, but the middle contains a core of plywood. It’s known to be a more quick, fuss-free installation than solid hardwood.Hardwood has become t
With inventories so tight, some home buyers may be giving a fixer-upper home a second thought. The price point and location may attract more buyers to bite, even though the home itself may need some TLC. But how do you tell a hidden gem from a hidden mess when shopping for a fixer-upper?Paul Skema, president of the architecture and construction firm Roth Design + Build, and Jean Brownhill, founder of Sweeten, an online contracting service, recent
A new study from insuranceQuotes has identified the top three biggest risks to homes this holiday season: porch pirates, decoration vandals, and house fires. The survey was based on responses of more than 1,000 consumers.“During the holidays, certain crimes and home hazards increase,” says Laura Adams, senior insurance analyst at insuranceQuotes. “Homeowners need to take precautions and make sure they have the right insurance to protect
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