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With coastal states like Florida, North Carolina and Maine among the most popular places people relocated to last year, the personal-finance website WalletHub today released its report on 2021’s Best Beach Towns to Live in, as well as accompanying videos. To determine the most livable beachside communities, WalletHub compared 191 [..]
Industry News
Sales of newly-built homes shrink, prices still climb due to market disruptions
Sales of newly-constructed single family homes declined 5.9% during May to a seasonally adjusted annual rate of 769,000 – the lowest in a year, according to estimates from the Census Bureau. Analysts say builders slowed sales due to higher material costs and declining availability of labor, material and lots. Despite [..]
Industry News
Pandemic prompted remote workers to snatch up vacation homes
Vacation home purchases skyrocketed during 2020, with the trend continuing this year, according to a report from the National Association Realtors®. Workers with the ability to log on from anywhere are credited with spurring the surge. “Vacation homes are a hot commodity at the moment,” said Lawrence Yun, NAR’s chief [..]
Industry News
Study shows how overregulation worsens housing affordability crisis
Regulatory costs account for $93,870, or 23.8% of the current average sales price of a new home ($394,300), according to a recent study by the National Association of Home Builders (NAHB). The group said rising regulatory costs are a limiting factor on housing supply, “particularly for the entry-level market in [..]
Industry News
Give someone the freedom of movement
Photo courtesy of the Master Builders Association of King and Snohomish Counties Members of the Master Builders Association of King and Snohomish counties (MBAKS) and community volunteers will dedicate their time on September 25 to build wheelchair ramps at homes throughout King and Snohomish counties. Applications for deserving recipients will [..]
Industry News
Students draft ordinance to enable tiny home villages in Lewiston
Photo courtesy of Washington State University Tiny home villages may someday provide an affordable housing option in Lewiston, Idaho, thanks in part to students at Washington State University. Nine senior landscape architecture students and an interior design student worked together to draft a model ordinance that would allow and regulate [..]
Industry News
Savvy developers attract buyers with health and wellness amenities
“Family friendliness” remains the top focus for developers of master-planned communities, but a new survey indicates “health and wellness” amenities are becoming increasingly important. The New Homes Trends Institute at John Burns Real Estate Consulting reported the once-prolific “resort lifestyle” is being unseated as the second-most important focal point. Researchers [..]
Industry News
Banking Inclusion Initiative launched to help unbanked individuals and communities
Pledging to accelerate unbanked individuals’ access to affordable mainstream accounts and to address long-standing inequities, Wells Fargo & Company last month launched a 10-year commitment dubbed the Banking Inclusion Initiative. The financial services company will focus on Black and African Americans, Hispanics, and Native American/Alaska Native families. Together, the target [..]