2019 Housing Forecast


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Builders Bet on Luxe Townhomes to Win Over Young Buyers

Builders Bet on Luxe Townhomes to Win Over Young Buyers January 17, 2019 Builders across the country are betting on luxury townhomes to try to get more young adults into homeownership. Open floor plans, high ceilings, and upgraded amenities are features they hope will lure millennials to buy their first home. “When a lot of people think of townhouses, they think of these very narrow homes because the floors are stacked on top of one another,” Felix Bravo, a sales executive with Pordes Residential in Miami, told Forbes.com. He is selling townhomes up to 3,000 square feet starting at $900,000. “With the amount of space we have, they have a very open feel.” The amenities include a private rooftop terrace with a jacuzzi and outdoor kitchen. “The wow factor is how much space they have and how luxurious the interior is in terms of appliances, cabinetry, and the kitchen island,” says Bravo. “The second biggest wow factor is being able to go up to your own private roof...
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5 Ways to Future-proof Your Kitchen

5 Ways to Future-proof Your Kitchen January 11, 2019 Revamping a kitchen can be a costly undertaking, with the median price of a remodeling job coming in at $60,000. So, how do you make sure the changes you make won’t look dated in a few years? HouseLogic, a home improvement website by the National Association of REALTORS®, offers ideas to future-proof your kitchen, including: Stick with white White has remained the top choice of the National Kitchen and Bath Association’s annual survey for years. “It’s a bright color that reflects light and makes even small kitchens feel larger,” notes HouseLogic, adding that white appears to be the “most marketable color” in the kitchen. Put in hardwood flooring Not having hardwood floors apparently comes with later regrets. More than half of home shoppers who purchased a home without hardwood floors say they would have paid an extra $2,080 for them, according to the National Association of REALTORS®’ Home Feature...
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What Does a Successful Buyer Look Like?

What Does a Successful Buyer Look Like? July 18, 2018 Sure, there are housing shortages and rising home prices and interest rates, but some consumers just aren't fazed. Thirty-four percent of home buyers told realtor.com® they weren't being stopped by price and rate hikes. According to the newly released survey The Home of Home Search, based on responses from more than 1,000 consumers who closed on a home purchase in 2018, 42 percent of respondents only had to make one or two offers in their home purchase process. Fifty-one percent of buyers said they didn’t pay above asking price, and 28 percent said they paid less than what was listed. Danielle Hale, realtor.com®’s chief economist, says part of the reason for the sunny outlook is that the buyers who make it to the closing table are ready to roll with this challenging market. “Successful home buyers in 2018 have been exceptionally well-qualified,” she says. “We are seeing the impact of the inven...
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