realestate
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When it comes to asking rents, not all regions are created equal. Jonas Bordo of Dwellsy breaks down which areas of the country are most—and least—expensive for single-family homes and apartments. (Surprise…America’s Heartland wins!) Los Altos, CA (August 2023) – As U.S. regions go, the Midwest is often overlooked and (just ask many residents) unfairly maligned. The truth is, you can explore its numerous vibrant cities, unplug in its national parks, paddle its waterways, get to know its friendly residents, and even sample each region’s signature BBQ recipes. “I say we stop referring to the Mid...
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Large utility project, residential starts power growth to begin Q3 Year-to-date through July 2023, total construction starts were 7% below that of 2022. Residential and nonresidential starts were down 21% and 7% respectively; however, nonbuilding starts were up 20% on a year-to-date basis. For the 12 months ending July 2023, total construction starts were 3% higher than that of 2022. Nonbuilding starts were 21% higher, and nonresidential building starts gained 16%. Conversely, on a 12-month rolling basis, residential starts posted a 17% decline overall. “Construction starts have plateaued and ...
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Nationwide, rents remained fairly flat in July. But in some markets, prices soared several dozen percentage points higher than they were a year ago. Jonas Bordo of Dwellsy shares 20 cities across America where renters are experiencing more than a little sticker shock. But when it comes to markets with the fastest-rising rents, well, that’s a different story. This group changes rapidly and unpredictably, and often includes cities you’d never expect. “July’s hottest rental markets are spread all over the country—from the East Coast to the West…and lots are in the Midwest, too,” says Bordo, coaut...
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Utah is the fastest state to sell your home in with an average of 27.07 days taken to close a saleOregon, Georgia, and Wyoming have an average of 31 days to close a saleNationwide, closing a sale on a home takes an average of 33.5 daysWhen transacting real estate, one must consider how long it takes to close the sale, especially if the plan is to sell a home and buy another at the same time. UtahUtah ranks as the easiest state to sell a home, with an average of 27.07 days to close in 2023. This is 4% faster than the same period in 2022, which had an average of 28.43 days to close in the state....
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