Survey finds one in six moved in the past 12 months
According to self-storage marketplace SpareFoot, over the past 12 months, one in six Americans moved homes, with 57 percent relocating within 25 miles. The most common reason for relocation was to move into a bigger or better home (18 percent) followed closely by moving for work (15 percent) which SpareFoot says points to “positive economic movement.”
“The SpareFoot survey results are a positive sign for the economy. Slowly but surely, Americans are on the move in bigger numbers, whether it’s across town or across the country,” Chuck Gordon, CEO of SpareFoot, told AGBeat. “I believe we will see an increase in the number of Americans who move over the next few years. As the economy continues to improve, we’ll see increased mobility, with people moving around the country for new job opportunities.”
National Moving Day – May 28th
SpareFoot says the day after Memorial Day is one of the busiest moving days of the year, so they’ve launched the first annual National Moving Day on May 28th, coinciding with the release of their survey results.
According to the U.S. Census Bureau, 12 percent of Americans older than age 1 changed residences in 2012. The moving period covered by the SpareFoot survey was spring 2012 to spring 2013. The Census Bureau says 11.6 percent of Americans older than 1 moved between 2010 and 2011 — a record-low percentage. In the SpareFoot survey, the South was the region with the highest percentage of movers (19 percent), followed by the West (18 percent), the Midwest (14 percent) and the Northeast (12 percent).
“National Moving Day marks an unofficial start of our peak do-it-yourself moving season for one-way and local truck rentals at our over 2,200 locations across North America,” said Don Mikes, senior vice president of Rental for Penske. “Our rental truck fleet consists of more than 50,000 vehicles. We offer consumers one of the newest truck rental fleets in the industry and free, unlimited miles on one-way moves.”
SpareFoot steps in to help Oklahoma tornado victims
SpareFoot did not notify us of their charitable deeds, but we have learned that the company is donating a month of free storage to businesses, families, and individuals who need temporary storage to protect their possessions after the devastating tornadoes in the Moore area.
SpareFoot will mail a check to cover a victim’s first month of self-storage rent (up to $100). The check will cover rental of a storage unit within a 50-mile radius of Oklahoma City, OK. Customers must move in by June 21, 2013. Details are available on the SpareFoot site.
“The images of the destruction in the Oklahoma City area are heartbreaking. Our thoughts go out to the communities in this region that felt Mother Nature’s wrath,” SpareFoot CEO Chuck Gordon said. “While human lives obviously are the most important consideration in a situation like this, we at SpareFoot hope our offer of free storage space can help people in the Oklahoma City area recover from these powerful tornadoes.”
Austin tops the list of best places to buy a home
When looking to buy a home, taking the long view is important before making such a huge investment – where are the best places to make that commitment?
Looking at the bigger picture
(REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. That’s a scientific fact. There’s a running joke in Austin that if there is a list of “best places to [anything],” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town).
That said, SelfStorage.com dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever).
They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability.
“Buying a house is a big decision and a big commitment,” the company notes. “Although U.S. home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. Today, home prices are stabilizing and increasing in most areas of the U.S.”
Average age of houses on the rise, so is it now better or worse to buy new?
With aging housing in America, are first-time buyers better off buying new or existing homes? The average age of a home is rising, as is the price of new housing, so a shift could be upon us.
The average home age is higher than ever
(REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. In Texas, homes are a bit younger with the median age between 19 – 29 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In 1985, the median age of a home was only 23 years.
With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.
Prices of new homes on the rise
Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.
Are Realtors the real loser in the fight between Zillow Group and Move, Inc.?
The last year has been one of dramatic and rapid change in the real estate tech sector, but Realtors are vulnerable, and we’re worried.
Why Realtors are vulnerable to these rapid changes
(REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Zillow Group and Move, Inc. (which is owned by News Corp. and operates ListHub, Realtor.com, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood.
Note: We’ll let you decide which company plays which role in the image above.
So how then, does any of this make Realtors the victims of this sword fight? Let’s get everyone up to speed, and then we’ll discuss.
1. Zillow poaches top talent, Move/NAR sues
It all started last year when the gloves came off – Move’s Chief Strategy Officer (who was also Realtor.com’s President), Errol Samuelson jumped ship and joined Zillow on the same day he phoned in his resignation without notice. He left under questionable circumstances, which has led to a lengthy legal battle (wherein Move and NAR have sued Zillow and Samuelson over allegations of breach of contract, breach of fiduciary duty, and misappropriation of trade secrets), with the most recent motion being for contempt, which a judge granted to Move/NAR after the mysterious “Samuelson Memo” surfaced.
Salt was added to the wound when Move awarded Samuelson’s job to Move veteran, Curt Beardsley, who days after Samuelson left, also defected to Zillow. This too led to a lawsuit, with allegations including breach of contract, violation of corporations code, illegal dumping of stocks, and Move has sought restitution. These charges are extremely serious, but demanded slightly less attention than the ongoing lawsuit against Samuelson.
2. Two major media brands emerge
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