The typical American dream home would cost $1.3 million, feature 7.5 rooms, and have an average square footage of 2,195 feet, according to a new survey of 2,000 homeowners by Northshore Fireplace. Sixty-four percent of Americans believe they’ll be able to obtain their dream home within their lifetime.The most popular words used to describe a dream home from respondents were comfortable, cozy, and spacious.The most important feature inside a dre
Puerto Rico continues to recover from a devastating hurricane last year that blanketed the island with a wave of destruction. But while the aftermath of Hurricane Maria still lingers, Americans are reportedly showing an increasing interest in buying properties on the island. The number of online searches for Puerto Rican homes for sale is peaking since Maria’s impact and a growing number of potential buyers from the U.S. say they’re looki
Home buyers with children are scouring properties looking for high-level items on their checklists, such as good schools and a room for a nursery. But some parents may later regret overlooking other factors in choosing the right home for their family. Realtor.com® recently featured an article for parent clients looking to buy and those overlooked factors they’d likely want to consider, including:Bedroom placementParents may size up rooms but c
Student housing, which tends to offer high returns for investors but also requires more intense management and administration, has proven a difficult niche in the multifamily sector in the past. However, institutional investors are increasingly taking on the heavier lift of student housing in order to build a safety net with the healthy returns.Greystar, a multifamily investor and affiliate of The Blackstone Group, recently announced a $4.6 billi
After a brief slowdown in the growth of rental prices, they were back on the rise last month, with the national average rent soaring to an all-time high, RentCafé reports. In June, actual rents in the 250 largest U.S. cities rose 2.9 percent and reached an all-time high of $1,405. Renters, on average, are paying $40 more per month than they did a year ago. Renters in Orlando, Fla., saw one of the largest year-over-year increases, at 8.4 percent.
Waterfront property is a hot commodity, but finding an affordable place with a view can prove challenging. “If you want to be on a larger body of water, you’re typically going to pay more. ... You’ll have more fishing opportunities, boating opportunities, and recreational [and dining] opportunities,” Jim Billig, president of Sportman’s Connection, told realtor.com®. “The smaller lakes ... are going to be more affordable."Realtor.com
A family in France will soon be the first in the world to move into a house completely printed and constructed from a 3D printer. The four-bedroom home in Nantes, France, sits at 1,022 square feet, and is a collaboration between the city council, a housing association, and the University of Nantes. Francky Trichet, the council lead on technology and innovation, says he believes the 3D-printed home process will disrupt the construction industry an
A judge granted a temporary extension to prevent the evictions of Puerto Ricans who fled to the mainland following Hurricane Maria. About 1,700 Puerto Ricans evacuees were granted a 20-day extension, a federal judge ruled this week. Originally, the families were set to be evicted June 30, before U.S. District Judge Timothy Hillman of Massachusetts extended FEMA’s Temporary Shelter Assistance to last until July 23.However, the 20-day extension i
More real estate transactions are reportedly tying in a “bump clause” to give sellers some assurance that they are receiving the best offer. A bump clause allows sellers to enter into a contract with a buyer but continue to market the property. If the seller then receives a better offer, they can bump the original buyer to get them to waive their contingency or offer more.The bump clauses are usually used when a contingency is involved in the
Homeowners in some affluent neighborhoods across the country are lobbying city and state representatives to fight against noise from overhead planes that fly over their communities since new flight routes were recently implemented. Owners are posting signs in their yards and have even developed technology to make filing complaints as easy as the press of a button.In 2013, the Federal Aviation Administration’s Next Generation Air Transportation
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