Tag Archives: Neighborhoods

Move-Up Buyer Challenge

The typical move-up buyers are couples in their 30’s to 40’s who need more space for their growing families. In our area, the common profile of a move-up home is a 2-story, 4-bedroom, 2 ½ bath with a finished basement … Continue reading

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Stretching to Find A Better Home

It is refreshing to see new buyers planning to be in their next home for the next 10 – 20 years. With low interest rates and home prices still recovering, buyers are skipping past starter homes. It’s not just square footage, … Continue reading

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The Declining Demand for Starter Homes

First-time home buyers are opting for larger, more permanent homes for their first purchase.  New buyers are skipping past the smaller town home and the 3 bedroom detached home, and jumping right into the 4 bedroom 2-story model.  Low prices … Continue reading

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Updating a Neighborhood

Teardowns update a neighborhood’s housing stock. While you would think expensive teardowns would only attract higher income families, many teardowns are a draw to people wanting to stay in the area with a newer home. Most teardowns occur in areas … Continue reading

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What Does It Mean to be Green

Green has become a popular term in the housing industry, but what does it really mean.  In the extreme, solar panels and environmentally low impact building materials come to mind.  Yet the premium cost of these features is not widely … Continue reading

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New Versus Used

Most people would prefer a newly constructed home than a resale home.  While you would think that new construction would be booming in the recovering market, new construction homes cost an average of 20 percent more than resale.  Many home … Continue reading

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