by kramoltz@hotmail.com | Aug 23, 2016 | Home Buying, Real Estate Facts & Figures
There were 3.301 closing of new home builds by production builders in the 2nd quarter of 2016 in the Phoenix metro area – a rise of 37% from the same quarter last year.
by kramoltz@hotmail.com | Aug 18, 2016 | Home Buying, Title Insurance + Escrow
PrePaids. These are buyer costs for things like real estate taxes, homeowners insurance, and loan interest. Real estate taxes are prorated between buyer and seller based on what time of the year a closing occurs, and the buyer pays its share up to the date of closing...
by kramoltz@hotmail.com | Aug 10, 2016 | Global Buyers + Foreign Investment
Resident foreigners accounted for 59% of all of the U.S. residential real estate bought by international purchasers, compared to 41% for nonresident foreigners. In previous years the proportions were close to 50-50. I couldn’t find any explanations for the change, but...
by kramoltz@hotmail.com | Aug 8, 2016 | Home Buying
In The New American Home, Stephen Kim found that Baby Boomers are looking to downsize, and Millennials are choosing style over size. Both are looking for smaller, better appointed homes. As a result, the size of the new American home is shrinking for the first time in...
by kramoltz@hotmail.com | Aug 4, 2016 | Home Buying, Real Estate Facts & Figures
The median lot size of a new single-family detached home sold in 2015 dropped under 8,600 square feet for the first time since Census Bureau’s Survey of Construction started tracking that statistic. This is part of a national trend where both homes and lots are...
