New Cities, but Also Moving Downtown
The first article in this issue addresses companies moving to attract younger workers who want a big city lifestyle. There’s another trend however, as in just about all cities all workers are moving closer to the center of the city and the activity. They’re leaving suburban areas and commercial buildings are beginning to go to empty status in the suburbs.
More Homeowners Becoming Landlords
For a while there have been a great many people who can’t sell their homes due to being underwater or just a low level of buyer demand. However, these days more homeowners are voluntarily opting to become landlords. They’re sitting on low interest rate loans, and they find that when they buy a new home there is a nice rental income stream available from the one their leaving.
Homes Getting Bigger
The average size of homes built last year hit almost 2,600 square feet, an all-time high. Even during the “bubble years,” new homes were averaging around 2,400 square feet in size. It’s not for the reasons some may assume. The facts are that only the well-to-do are getting new homes built in volume these days, and they can afford the larger homes they desire. Another reason is that there is little first-time buyer demand, and that is what usually spurs builders to build new smaller homes, down in the 1,400 square foot range.
New Cities, but Also Moving Downtown
The first article in this issue addresses companies moving to attract younger workers who want a big city lifestyle. There’s another trend however, as in just about all cities all workers are moving closer to the center of the city and the activity. They’re leaving suburban areas and commercial buildings are beginning to go to empty status in the suburbs.
More Homeowners Becoming Landlords
For a while there have been a great many people who can’t sell their homes due to being underwater or just a low level of buyer demand. However, these days more homeowners are voluntarily opting to become landlords. They’re sitting on low interest rate loans, and they find that when they buy a new home there is a nice rental income stream available from the one their leaving.
Homes Getting Bigger
The average size of homes built last year hit almost 2,600 square feet, an all-time high. Even during the “bubble years,” new homes were averaging around 2,400 square feet in size. It’s not for the reasons some may assume. The facts are that only the well-to-do are getting new homes built in volume these days, and they can afford the larger homes they desire. Another reason is that there is little first-time buyer demand, and that is what usually spurs builders to build new smaller homes, down in the 1,400 square foot range.