In recent years, there have been many surveys of prospective homebuyers showing their attitudes toward owning a home. But I’ve never seen a survey of teenagers revealing their views of home ownership in later years – until now. An overwhelming ...

Tagged with: Jim Woodard

Manufactured (factory-built) homes have long been considered a viable option for low- to medium-income families who want to save money in the purchase of a new home. A new trend is now driving that industry. Affluent buyers who seek a ...

Tagged with: Jim Woodard

Homebuyers and sellers are particularly sensitive to rising prices of residential properties in today’s market. Buyers are concerned about their qualifications to afford those rising prices. Sellers want to wait for the strategic time to maximize their price. One recent ...

Tagged with: Jim Woodard

Money being spent on senior housing projects and care is rising at a significant rate. And that will continue to be the trend in the foreseeable future. The primary reason for that trend is simply that people are living longer, ...

Tagged with: Jim Woodard

In some areas, home sales have become quite sluggish. The owners of these homes are now using an old and success-proven technique to promote sales. The owners are offering to lower their buyer’s mortgage rate by buying down the rate. ...

Tagged with: Jim Woodard

This nation’s earliest homes were soddys (built with strips of sod) and log homes. The most famous example of the latter type is probably the one-room log cabin in Kentucky where Abraham Lincoln was born. Since that event took place ...

Tagged with: Jim Woodard

In recent years, many homeowners have borrowed cash from the equity in their home to pay off bulging credit card balances, or to pay for their kids’ advanced education. In some cases they reasoned this was a more practical and ...

Tagged with: Jim Woodard

Key features in homes desired by today’s prospective buyers are changing. Those new features will probably be incorporated in many new homes offered next year. A study by the National Association of Home Builders shows that while consumer hesitation on ...

Tagged with: Jim Woodard

Finally we’re seeing substantial growth in home sales. Existing-home sales rose in May, and inventory gains continued to help moderate price growth, according to the National Association of Realtors. All four regions of the country experienced sales gains, compared with ...

Tagged with: Jim Woodard

As many boomers reach retirement age, it would seem natural for them to leave their spacious single-family home and move to a retirement community or much smaller home. But current trends point in a different direction. As baby boomers – ...

Tagged with: Jim Woodard