Bigger Is Better, Out Of Favor With HomeBuyers ( Real Estate Investment )
Real Estate Investment McMansion
This save-more, spend-less trend has potentially significant implications for real estate industry. The nascent age of frugality is resulting a new kind of home owner, one who ranks energy efficient appliances and access to public transit over granite countertops and luxurious bathrooms.
Similar to Proctor and Gamble who is bringing out more economical consumer products to market, builders are building smaller houses.
Is this a fundamental shift in real estate demand? Are buyers forsaking McMansions in this new era of frugality? What kind of housing will this lead to in future? What does it mean for real estate professionals?
Read the story and see what the future holds for real estate centric economy like LA.
This blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies is brought to you by SimplifyEm Pay Rent Online and Property Management Software
|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- Real Estate Investors buying Partially Built Real Estate Properties. How to do it Profitably? Housing auctions are plentiful these days, including builders’ closeouts that lure hundreds of bidders to hotel ballrooms and public sales of foreclosures on the courthouse steps. However, this time the steel-nerved speed-talkers at Kennedy Wilson Auction Group are unloading a palatial 13,500-square-foot bank-owned spec home that had been listed for......
- US Census says Shift to Renting – Is it an opportunity to invest in residential real estate? In any times, bad news for some can be good news for others. Since 2006 when households started losing their homes to foreclosures, there has been a shift to renting from owning. US census released the 2008 American Community Survey (ACS) results, which highlights this new trend. This shift is......
- Green Property Management for Property Managers, Landlords: How to Improve Indoor Air Quality Research shows that people indoors spend 90% of the time and so greater health risks exist from indoor pollutants. The young, the elderly and the chronically ill spend most of their time indoors and they are exposed to more indoor air pollutants. These pollutants have considerably bad effect on the......
- First Time Home Buyers Rejecting McMansions Frugal first-time buyers are driving the new home market with purchases of low-priced houses with no frills. New homes being built are one average-sized room smaller. Read to find out how quality is winning over quantity in housing! ......
- Builders stabilize as lower prices drive sales Home builders reported encouraging signs of stabilization in the housing market, but they cautioned that foreclosures and rising interest rates cloud the outlook. Two big builders, Toll Brothers Inc. and Hovnanian Enterprises Inc., said losses in the fiscal second quarter ended April 30 shrank from year-earlier levels, as lower prices......
