by kramoltz@hotmail.com | Aug 28, 2024 | Home Buying, Real Estate Facts & Figures
Permits to build new houses in the metro Phoenix area were up 57% from January to May 2024. 11,775 permits were issued versus 7,511 in the same period last year. Admittedly that pace is not exceptional, as the rate of new home building has been considered below...
by kramoltz@hotmail.com | Jun 29, 2024 | Home Buying, Home Ownership
HUD published a rule for HUD financed projects or buildings constructed using HUD-assisted funds. The rule redefines and expands the existing 100-year Floodplain by establishing a new “Federal Flood Risk Management Standard (FFRMS) Floodplain.” This new FFRMS...
by kramoltz@hotmail.com | Feb 1, 2024 | Home Buying
In Death of the Ibuyer?, I recounted how the internet direct buyers had been punished when selling in the last half of 2022. In 2023 the bad times continued, as the institutional (Wall Street) buyers and the local iBuyers accounted for only 2,014 total home purchases...
by kramoltz@hotmail.com | Oct 28, 2023 | Home Buying, Selling Your Home
For years prior to the sale of a home in New York state, the sellers had reported the existence of numerous paranormal occurrences. The hauntings ranged from unexplained sounds to full body apparitions. During the time they owned the home the sellers had revealed...
by kramoltz@hotmail.com | Sep 15, 2023 | Home Buying, Selling Your Home
Baby boomers comprised the highest share of buyers and sellers nationwide according to the National Association of REALTORS®’ 2023 Home Buyers and Sellers Generational Trends Report. Baby boomers—people ages 58 to 76—accounted for 53% of sellers and 39% of...
by kramoltz@hotmail.com | Aug 11, 2023 | Home Buying, Real Estate Facts & Figures
Lumber prices plunged around 66% last year as the result in decreased demand by home builders and the faltering US housing market. As a result the price of lumber plummeted to less than $400 per 1,000 board feet as of January 2023 from over $1,200 in March 2022....
