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Pending Home Sales Rise 2% in October, With All U.S. Regions Seeing Growth
Pending home sales in October increased 2.0%. Compared to one month ago, pending sales grew in all four major U.S. regions, led by the Northeast.Year-over-year, contract signings rose in all four U.S. regions, with the West showing the highest increase. (NAR) 11/29/2024
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New York’s ‘City of Yes’: Will Zoning Overhaul Spur Sensible Growth?
New York’s “City of Yes” program, is designed to ease restrictions that have made large-scale housing growth difficult, and represents the most significant overhaul of New York’s zoning regulations in decades. City officials estimate the changes could make way for 80,000 additional homes. Will sensible development ensue or will another extreme emerge? (NY TIMES) Read more…
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Rising Real Estate Taxes: The Fastest Increases Since 2019 in America’s Expanding Cities
Median Real estate taxes have risen the most since 2019 in these rapidly expanding US cities: Indianapolis, Jacksonville, Atlanta, Tampa, Fort Lauderdale, Miami, Orlando, Fort Worth, San Antonio, Dallas, Seattle, Austin, West Palm Beach, Denver, and Oakland. (NY TIMES) 11/20/2024
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Rising Median Age of Repeat Homebuyers Drives Growth in Age-Restricted Living Options
The median age of repeat home buyers hit 61 in 2024, a 4-decade high, with the most commonly cited reason for selling being the desire to be closer to family or friends. Twenty-one of last year’s 50 fastest-selling planned communities have built or are building age-restricted areas inside larger all-ages developments. (NAR) 11/16/2024
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Mortgage Rates Rise Slightly, Refinancing Activity Drops; Home Purchase Applications See Modest Gains
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.86% from 6.81%. Applications to refinance a home loan – most sensitive to weekly moves in interest rates – fell to the lowest level since May… but were 43% higher than the same week a year ago. Are some accepting that much…
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How Smart Glass Windows with PDLC Technology Enhance Comfort, Save Energy, and Improve Privacy
Smart glass windows are made with PDLC liquid crystal film, which can transform regular glasses into a tinted one or something similar using electricity. When used, they block direct UV and IR rays from reaching a house on hot days. This, in effect, controls the heat in your house and reduces heating costs. On cold days,…
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ASKO’s 20-Year Dishwasher: Sustainable, Long-Lasting, and UV-Powered Hygiene Innovation
The most sustainable initiative we can all easily do is to buy and build things that last a long, long time. ASKO’s new tech-infused dishwasher claims it’ll last 20 years of continuous use….Among its hygiene innovations is a UV Cleanse mode that uses UV light to eliminate 99.9% of bacteria, fungi and viruses, meaning that dishes…
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Behind Closed Doors: The Rise of the Appliance Garage in Modern Kitchens
The OTHER garage is in the kitchen these days…. the APPLIANCE garage. Yes, hiding those somewhat awkward and ugly little creatures is a big part of kitchen design these days in our smoothie (blender) and avocado toast (toaster) world…. (NY TIMES) 11/7/2024
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Renters Hold Tight as Homebuying Becomes Increasingly Unaffordable
Major apartment building owners have remarked on how few of their renters move out to purchase homes now, amid some of the worst conditions for home-purchase affordability in four decades. That is unlikely to change much in 2025. (WSJ) 11/6/2024