More millennials and younger Gen Xers are leaving the big cities behind and opting for smaller towns to call home. Since 2014, an average of about 30,000 residents between the ages of 25 and 39 have departed big cities annually, according to U.S. Census Bureau figures. Smaller cities have been seeing some of the largest influxes of the millennial generation.Young adults who freelance or have telecommuting jobs are more likely to move out of urban
Nothing ruins a bathroom like a bad hue, and the gray trend may be one of the worst offenders, designers say.“Bathrooms tend to be enclosed spaces, so greige-y muddy colors can make the space feel smaller and dingy,” Ariel Okin, an interior designer in New York City, told Apartment Therapy. “Lighter colors like bright crisp whites, powder blues, and spring greens always play really well in a bathroom, as do moodier shades such as inky navy
Investors looking for homes to flip are being squeezed by high prices, inventory shortages of affordable options, and stiff competition from buyers, realtor.com® notes in a new analysis. But deals can still be found.Realtor.com® identified the hottest housing markets for investors by pinpointing those where the highest percentage of homes were either flipped or rented out after the sale. The most profitable flip markets tend to be in the Midwes
Neighborhoods located within a half-mile of public transit services outperformed those farther from public transit based on a number of factors, according to a report released Monday by the National Association of REALTORS® and the American Public Transportation Association.The report shows commercial and residential real estate market sales thrive when residents have mobility options. Residential properties within these areas had 4% to 24% high
Consumers are spending more time getting to work. On average, Americans’ one-way commute times rose to just over 27 minutes in 2018—a record high according to U.S. Census Bureau data.The average American has added about two minutes to their one-way commute since 2009. That has added 20 more minutes a week in commuting, and over a year that is 17 additional hours on the road from home to work and vice versa.Compared with 1980, American workers
Warm weather and low taxes continue to have a big pull on where retirees choose to settle down in their golden years. Those pulls are prompting many older Americans to continue to relocate to popular retiree havens in the Carolinas and Florida.U.S. News & World Report recently identified the best places to retire using criteria including housing affordability, taxes, health care, and happiness surveys. They analyzed data from 125 of the
Retailers rejoice: The holiday spending season is expected to be a lively one this year, and brick-and-mortar stores remain a critical component to the shopping season.ICSC, a retail real estate researcher, forecasts a 4.9% increase in holiday spending over last year, reaching an $832.3 billion total. The average adult is expected to spend $683 on holiday-related items.Ninety percent of adults say they plan to shop in retail locations for gifts a
The U.S. Department of Housing and Urban Development announced this week that it is allocating $112 million to expand the supply of permanent affordable housing to low-income people with disabilities. Funding is available through the Section 811 program.About half of the new funding will go toward the development of new supportive housing for people with disabilities. About $37 million also will go toward rental assistance, which will be availabl
Central metros dominated realtor.com®’s rankings of top-performing housing markets for September, claiming nearly half of its 20 spots. For the third consecutive month, Fort Wayne, Ind., landed first on the list.Realtor.com® bases its monthly hottest market rankings on the metros that are seeing some of the quickest sales in the nation as well as those that are garnering the most views of listings at realtor.com.Thirteen of the
Tens of thousands of households and businesses went dark in California overnight. Unprecedented power outages are sweeping across the state as the utility company Pacific Gas & Electric leverages the blackouts to try and prevent wildfires from spreading.With strong winds forecast for California mixed with hot and dry conditions, PG&E is taking the precautionary move to curb wildfire risk by shutting off power to thousands. About
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