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Luxury Real Estate Archive


First-Time Buyers Demand Move-In Ready Starter Homes

RISMEDIA, February 14, 2011—The term “starter home” seemingly refers to an entry-level property—one that is affordable yet needs tender love and care. But amidst the many homes available in today’s market, current first-time buyers want places with a little less ...


Demographic Shifts Shaping Future of the Housing Market

RISMEDIA, February 9, 2011—With the great recession driving unemployment, foreclosures and vacancy rates to historic highs, the housing market has certainly been on one wild ride the last few years. ...


5 Questions to Ask When Booking a Vacation Rental

RISMEDIA, February 8, 2011—From Pittsburg to Green Bay and beyond, the word is out: vacation rentals offer a travel lifestyle unlike any other, providing unmatched space, amenities, services and privacy. In fact, the customizable vacation possibilities are endless, according to experts from Discover Vacation Homes, a resource for vacation rental ...


Tips to Keep in Mind If You’re Thinking about becoming a Real Estate Investor

RISMEDIA, February 7, 2011—With homeownership dropping and rental vacancy rates rising, it is clear many Americans are looking to make a change to renting instead of owning their home. Currently, homeownership levels are at 66.5%, the lowest they've been since ...


Sunshine State Rebranding Attempts to Attract New Residents

RISMEDIA, February 5, 2011—(MCT)—Faced with a dramatic decline in the number of Americans moving to Florida, community boosters are promoting the Sunshine State as a cluster of research and technology, not just a balmy place to live. ...


New Home Sales Increase; Seasonality Should Drive Improvement into Spring

RISMEDIA, January 31, 2011—New home sales increased 17.5% month-over-month in December 2010 to 329,000 units, after being flat month-over-month in November. On an annual basis, new home sales fell 7.6% year-over-year in December after falling 23.9% year-over-year in November. This data is annualized based on seasonal adjustment factors for typical ...


Low Costs and Spring Fever Expected to Spur Home Buyers

RISMEDIA, January 29, 2011—(MCT)—The spring real estate market is approaching, and this year there is no federal tax credit to get wary buyers off the fence. A recent survey of 3,500 U.S. homeowners and renters conducted for the National Association ...


Regional Spotlight: CAR Reports California Home Sales Rise in December 2010, Posting Seven-Month Sales High

RISMEDIA, January 28, 2011—California home sales rose in December 2010, posting their highest level since May, according to data from the California Association of REALTORS® (C.A.R.). The statewide median price increased from November, but was down from a year ago. ...


2010 Foreclosure Activity Down in Hardest-Hit Markets, but Increases in 72 Percent of Major Metros Nationwide

RISMEDIA, January 27, 2011—RealtyTrac, a leading online marketplace for foreclosure properties, released its 2010 Year-End Metropolitan Foreclosure Market Report, which shows that while foreclosure activity increased from 2009 in 149 of the nation’s 206 metropolitan areas with a population of ...


Homeownership More Affordable Than Renting in 72 Percent of Major U.S. Cities

RISMEDIA, January 25, 2011—Trulia.com, a top site for home buyers, sellers and renters, released its latest Rent vs. Buy Index which found that it is more affordable to buy than to rent a two-bedroom home in 72% of America's 50 ...


Owners and Renters Agree: Owning a Home Is a Smart Decision

RISMEDIA, January 22, 2011—A substantial majority of both homeowners and current renters agree that owning a home is a smart decision over the long term. That's according to the results of a National Association of REALTORS® survey of 3,793 adults ...


Building Permits Rise in December 2010 as Builders Prepare for Anticipated Improvement in Buyer Demand

RISMEDIA, January 22, 2011—Nationwide housing starts declined 4.3% to a seasonally adjusted annual rate of 529,000 units in the final month of 2010, according to newly released figures by the U.S. Commerce Department. While this was the slowest pace of starts activity since October 2009, the year-end data indicate that ...


Foreclosure Upgrades Improve Neighborhoods One House at a Time

RISMEDIA, January 21, 2011—(MCT)—Torrey Warship had never owned a home—until the mortgage foreclosure crisis. Through a federal program to renovate foreclosed homes, the public works laborer bought his first house in Waukegan, Ill., for $138,000. He moved his family out of an apartment and into a two-story, two-bedroom, 2-and-a-half-bath home ...


Top 5 Home Improvement Projects Based on Average Cost and Return on Investment

RISMEDIA, January 20, 2011—HomeGain.com, a website to offering Web-based, free instant home values, announced that it has released the results of its nationwide home improvement and home staging Home Sale Maximizer survey. ...


Builders Expect Home Sizes to Keep Shrinking

RISMEDIA, January 18, 2011—(MCT)—Homebuilders are thinking smaller. They've cut the average size of new houses and expect it to shrink more over the next few years. "Most builders will build smaller and lower-priced homes in 2011," said Rose Quint, a researcher with the National Association of Home Builders. "Our experts ...


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