The quest for the perfect property is a never-ending adventure, akin to a treasure hunt where the prize is a mortgage and the map is a realtor's listing.
Small Spaces, Big Complaints: Homeowners Share Their Home Woes
HomeAdvisor surveyed 1,029 homeowners and found that 1 in 3 respondents said their home was too small. Others also disliked the functional spaces of their abodes like bathrooms (23%), laundry rooms (21%), basements (14%), and garages (10%).
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First-Time Home Buyers in it for the Ownership Obsession
The most frequently reported reason for purchasing a home was the desire to be a homeowner, a sentiment 22% of home buyers shared. 62% of first-time home buyers had this as their top motivation.
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Cities Globally Too Pricey to Call Home
Among 200 global cities polled, 90% were found to be unaffordable to live in, with the average home costing more than 3x the average income.
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America's Annual Migration Madness
The trend of Americans relocating to lower-density areas continues to accelerate, driven by various lifestyle choices. Top motivations include wanting to be closer to family (35%), a new job/company transfer (33%), and retirement (20%).
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Independent Bookstores Sprout Across the US and Diversity Flourishes
More than 300 new independent bookstores have sprouted across the U.S. in the past couple of years, in a surprising revival after an early pandemic slump. The book selling business — traditionally overwhelmingly white — has also become much more diverse.
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Home Buying Dreams Deferred: 70% of 2022 Hopefuls Left Empty-Handed, with 4% Deciding to Rent Forever
The American dream of homeownership hit a roadblock in 2022, with a majority (70%) of those who had plans to purchase a home falling short of their goal. However, for a small minority (4%), the decision to not buy was a conscious one as they changed their mind about ever owning a home.
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Digital House Hunting Dominates
41% of home buyers started their search online in 2022; in addition, 51% of all buyers found their home through the internet, though it wasn’t necessarily their first step.
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America faces a shortage of skilled workers in essential trades like carpentry and plumbing, and it seems like the younger generation just isn't interested.