We Ranked the Most and Least Affordable Metros Based on These 4 Unexpected Costs When Moving to a New City

Build RealtyMarket News

From local taxes to transportation and utilities, relocating to find a cheaper address isn’t always straightforward. San Jose hits high on most, while Florida proves affordable across the board. As coastal markets like San Francisco , New York and Los Angeles have grown increasingly unaffordable, people and businesses are relocating to smaller, more affordable cities like Tampa , Providence and … Read More

Survey: More Than Half of Homebuyers and Sellers Oppose Housing Density, Only a Quarter Support It.

Build RealtyMarket News

African American respondents and those under age 25 were the most likely to support policies that encourage dense housing to be built in their neighborhood. Homebuyers and sellers are nearly twice as likely to oppose the building of dense housing in their neighborhood than they are to support it. Fifty-three percent of them support zoning policies that limit housing density … Read More

Race Gaps in Homeownership Rates and Home Equity Have Widened During the Decade-Long Economic Expansion

Build RealtyMarket News

Since the end of the Great Recession, the homeownership rate for black Americans has fallen 5 percentage points to 40.6%. And while majority-black neighborhoods have seen an average of $121,000 in home-equity gains, it’s $191,000 for majority-white neighborhoods. Black Americans haven’t benefited from the prosperous U.S. housing market as much as white Americans in the past decade’s economic expansion, during … Read More

Home Prices up 3.4 Percent in June as Supply Flattens

Build RealtyMarket News

The typical home sold in June went under contract in just 35 days, matching last year’s record-fast pace, as falling mortgage rates lured more buyers to the market. U.S. home-sale prices rose for the third consecutive month in June, growing 3.4 percent year over year to a median of $321,200 across the metros Redfin tracks. The growth rate of home … Read More

When Do I Need a Building Permit for Home Improvements?

Build RealtyMarket News

When it’s time to remodel or make improvements to your home, you may wonder when you need a building permit. How do you determine which remodels and renovations require permits? Most contractors will know ahead of time, but it’s good for homeowners to have a general understanding for future renovations. Why Do I Need a Building Permit? For many projects, … Read More

One in 10 Millennial Homebuyers Say They’ll Rely on Parents for Mortgage Help, Down From 17% Last Year

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Millennials this year are less likely to be taking creative measures like co-ownership or renting out rooms to afford a mortgage, according to a Redfin survey. Millennial homebuyers in 2019 are less likely to take extraordinary measures to afford their mortgage payments, such as getting help from their parents or co-ownership with someone other than a spouse or partner, than … Read More

3 Simple DIY Driveway Ideas

Build RealtyHome Improvement

A DIY driveway can be an easy want to add parking or improve the look of your home. Here are three relatively simple options. 1. Carve out a parking pad The easiest, most affordable way to get an extra parking space is to clear out some grass and throw down mulch. It works fine, looks good and can be done … Read More

A DIY Guide to Concrete Pavers for Driveways

Build RealtyHome Improvement

Beyond the variety of styles, colors, textures and shapes available, pavers – often called paving stones – have distinct advantages over other driveway surfaces. Why choose concrete pavers for your driveway? Among other benefits, a concrete paver driveway delivers the following. Strength, durability and longevity: Sheet concrete and asphalt look good, but they really aren’t as strong and durable as … Read More

Sealing and Insulating Your Ductwork

Build RealtyHome Improvement

Insulation isn’t free, but as the old saying goes, sometimes you have to spend some to make some. When it comes to adding duct insulation, your monthly savings in utility bills will soon cover the costs, especially if you install the insulation yourself. The problem with uninsulated ducts You need insulation – even around your ducts – no matter where … Read More

How to Modernize a Split-Level Home

Build RealtyHome Improvement

What’s not to love about a split-level home? The interior spaces flow. And while the change in floor level creates a partial separation of spaces, they are visually connected from one level to the next. Split-levels are cool – on the inside. The outside is often another story. Split-level exteriors tend to be a bit bland. If you’ve seen one, … Read More