More Americans are choosing to rent than at any other point in the last 50 years, according to a report by the Pew Research Center. In 2016, 36.6 percent of households rented their homes, just shy of the 37 percent recorded in 1965, data shows.Overall, the number of U.S. households has increased by 7.6 million over the past decade. But while the number of homeowner households has remained relatively flat over that time period, the number of rente
You don’t have to live in Boulder, Colo., or Kauai, Hawaii, to enjoy the outdoors to the fullest. Realtor.com® scoured the country to help home shoppers find the nation’s outdoor meccas.For its rankings, realtor.com® researchers limited the results to metros with median home prices under $300,000. (That’s why many locations out West did not make the list.) They also took into account the number of national parks within a four-hour drive;
About 23 percent of residential homes built for one to four families are now owned by investors, according to a study recently released by REAL Trends, Inc., and NEXZUS Publishing Group. The vast majority of those homes are not owned by institutional investors but rather individual investors or small investment groups.The Iceberg Report outlines the size of the single-family residential market, as well as uncovers trends in terms of demographics
Real estate professionals in Abilene, Texas, are on edge after a shed on private property was found to contain a collage of more than two dozen head shots of women, mostly local agents, tacked on the outer walls and a nearby property fence. Agent Tommy Simons discovered the collage when he was visiting his listing next door.“I’ve known all those ladies a long time,” Simons told the Houston Chronicle. “That’s kind of weird and kind of
A two-acre property in Richmond, Texas, garnered 1.2 million page views in just two days for its unusual listing photos. How’d they do it?If you flip through the photos, you’ll see how “one of a kind” this five-bedroom, 5.5-bathroom home is. Nearly every room contains at least one mannequin, prompting the nickname “mannequin house.” The photos feature a mannequin sitting on a kitchen stool, peeking into windows from the outside, and
Poverty is increasingly striking the nation’s suburbs and exurbs (farther out suburbs on the edges of metros). High-poverty neighborhoods have risen 76 percent in the suburbs and 123 percent in the exurbs from 2000 to 2015, according to an analysis from Apartment List, which culled data from a recent report out of Harvard University’s Joint Center for Housing Studies. A high-poverty neighborhood is an area with a poverty rate that is 20 pe
About 4.5 million U.S. homes are at high or extreme risk of wildfires, according to the 2017 FireLine State Risk Report released by Verisk Insurance Solutions.The state most at risk: More than 2 million households in California are at high or extreme risk of wildfire, according to the report. Texas ranks second with 715,300 homes at risk.“Wildfires have scorched nearly 3.5 million acres so far in 2017,” says Arindam Samanta, director of p
Threats of rising mortgage rates may have spooked borrowers last week and prompted them to quickly lock in rates. Total mortgage application volume for refinancings and home purchases jumped 6.3 percent last week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday.Even though mortgage rates remained steady during the week, refinance volume, which had been dropping in recent weeks, surged 13 percent last week.The 30
Here are some sobering stats from the FBI: A robbery occurs every 1.6 minutes in the U.S., a burglary every 18.2 seconds, and a larceny theft every 5.4 seconds.SafeHome, a home security systems reviews resource, analyzed FBI Uniform Crime Reporting data from 2015 to determine the items thieves most commonly target.The most stolen items were classified as miscellaneous valuables, jewelry, and precious metals, according to the report. In some state
Foreign investment in U.S. real estate has surged to a new high, with property expenditures skyrocketing 49 percent over the past year, according to the National Association of REALTORS®’ 2017 Profile of International Activity in U.S. Residential Real Estate.Nearly half of all foreign sales were in three states: Florida, California, and Texas.Between April 2016 and March 2017, foreign buyers and recent immigrants purchased $153 billion of res
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