17 Sep 2019
By Mark Feder

New Home Prices Going Down Making Them More Affordable

Real Estate
Residential real estate developers in America are responding to a national slowdown in new home construction by building smaller homes that are more modestly priced. The demand for smaller, less expensive homes is growing, while the overall demand for new custom homes is declining. Prices decreased slightly, by about one-half percent, from the price levels in 2018 for newly-constructed homes. Lower Profits For Builders The median price for a newly-constructed home in America is $372,900. The median sales price of an existing home is $309,700. American construction companies are feeling the pressure to build lower-priced homes along with the increased…
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04 Sep 2019
By Mark Feder

Young Home Buyers Are A Growing Trend

Real Estate
A new group of young American adults is emerging as home buyers. These are the young adults who were born after 1995 and are part of the demographic group named Generation Z (Gen Z). In 2019, there are 31.5 million Gen Z members who are adult age. This will increase to 44.5 million adults in this demographic group by 2032 as all the younger members become adults. Right now, there are around 14 million adults in the Gen Z category who are using credit for the first time. Not Too Young To Buy A Home Transunion reports that most Gen…
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30 Aug 2019
By Mark Feder

Are Tiny Homes Here To Stay?

Real Estate
The average size of an American home has been increasing since the 1970s. The American Enterprise Institute (AEI) reports that, in 1973, the median size for a new home in the United States was 1,660 square feet. Over the past 45 years or so, this increased by more than 1,000 square feet. The median size of a new home is now 2,687 square feet. The Problem With Big Houses At first, a big house is appealing until one tries to clean it or pay the utility bills. Many baby boomers, who are now nearing retirement age, are downsizing, especially if…
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29 Aug 2019
By Mark Feder

Join Or Create A Real Estate Investors’ Pool For Fun And Profit

Real Estate
Many baby boomers are reaching retirement age. If they set up their financial planning well, while younger, they should have accumulated enough wealth to have some discretionary money available for making investments. Others, who may be just starting out, have some investment capital but not necessarily enough to buy a piece of commercial real estate on their own. These investors might enjoy a real estate investment pool, also called an investors' club. Pooling Resources One way to get some investment participation in real estate is to pool investment funds needed to have enough for the down payment on a piece…
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