Monthly archive for March 2017

February Pending Home Sales Jump 5.5%

home sold sign

Pending home sales made an impressive leap in February across all major U.S. regions. The National Association of Realtors Pending Home Sales Index (PHSI), a measure of residential real estate contract signings, increased to 112.3 in February. This represents a 5.5% increase over January’s 106.4. 

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Why buyers shouldn’t shun prefab homes

new home plans

When you hear the word ‘prefab,’ in reference to homes, what comes to mind? Does your brain immediately conjure up images of small, unremarkable, cookie-cutter houses constructed with below-the-line materials? If so, you’re among the many consumers who are unaware of the astounding improvements that have been made in prefab housing in the last few decades. What may have once been considered a sub-par housing type chosen mainly by rural suburbanites, first-time buyers, or lower-income households, has blossomed into a high-quality, efficient and ultra-customizable option for home buyers in all income brackets, in all regions, and in all stages of life.

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Suburbanites may save $9,000 a year on living costs when compared to city living

family moving to new home

Which would you prefer – life in the big city, or settling down in the suburbs? Although both options have their fair share of benefits and drawbacks, one major feature could be the deciding factor when choosing where to buy a home. Urban living has plenty to offer, particularly for those who enjoy being close to shopping, entertainment and job opportunities. Not to mention the cultural diversity and excitement that usually comes with living in a bustling, big city. However, these amenities come at a cost – especially for families.

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