I don't want to cast aspersions here, but an image hosted on imgur is a very poor source for this type of thing. For example, I could easily create an visually similar Excel graph to show the...
I don't want to cast aspersions here, but an image hosted on imgur is a very poor source for this type of thing. For example, I could easily create an visually similar Excel graph to show the exact opposite of what this image does.
Do you have a link to the original source of this data?
U.S. Bureau of the Census and U.S. Department of Housing and Urban Development, New Houses Sold by Sales Price in the United States, [NHSUSSP50T74A], retrieved Federal Reserve Bank of St. Louis;...
U.S. Bureau of the Census and U.S. Department of Housing and Urban Development, New Houses Sold by Sales Price in the United States, [NHSUSSP50T74A], retrieved Federal Reserve Bank of St. Louis; ,June 22, 2018.
The issue is housing supply. For America it's the love for bigger homes in the suburbs today, avg 2,400 sqft vs smaller homes on smaller lots in the City, 1950 983 sq ft and 1970 1,500 sq ft. In...
The issue is housing supply. For America it's the love for bigger homes in the suburbs today, avg 2,400 sqft vs smaller homes on smaller lots in the City, 1950 983 sq ft and 1970 1,500 sq ft.
In the US its that there are less homes being built, along with many smaller home being bought and expanded or knocked down to build a bigger home in a certain neighborhood
In 2017 there were more homes built selling for over $500,000 then were built that will sell for less than $200,000
Lack of profit in smaller houses . Items inside are low profit margin. Compare amenities each house gets built with. And the kind and number of amenities increase profits
There are a lot of nicer older houses, people just don't want to fix them up or add on even if it makes financial sense. Especially here in my city. My house is a 2 bed room with a bonus room...
There are a lot of nicer older houses, people just don't want to fix them up or add on even if it makes financial sense. Especially here in my city. My house is a 2 bed room with a bonus room upstairs, but the ceiling is a little low up there. I plan to just add a master suit onto the back of the house since my lot it so large for being in the city. I got a really good deal on my house because it is older and needs work, but the potential is great. I wish more people would fix up older houses before they fall apart here.
Wife and I are looking to buy a home at some point in the next year. We would absolutely love a small home that needs work, but we're competing with every house flipper in the galaxy in our...
Wife and I are looking to buy a home at some point in the next year. We would absolutely love a small home that needs work, but we're competing with every house flipper in the galaxy in our location and it's just downright depressing.
I think this trend moreso follows the decline of the yard. More and more, you see houses squeezed into lots to get the most square footage possible. If there is any data on rising lot sizes, I'd...
I think this trend moreso follows the decline of the yard. More and more, you see houses squeezed into lots to get the most square footage possible. If there is any data on rising lot sizes, I'd like to see it.
Lot size meaning the size of the land? That's actually the opposite. In 1976 41% of homes were on lots smaller than 9,000 sq ft while in 2017 62% of homes sold were on lots smaller than 9,000 sq...
Lot size meaning the size of the land? That's actually the opposite. In 1976 41% of homes were on lots smaller than 9,000 sq ft while in 2017 62% of homes sold were on lots smaller than 9,000 sq ft.
If by lot size you mean the home itself yea.
Here's the best graph I could make for that http://imgur.com/gallery/i8abCjT
I don't want to cast aspersions here, but an image hosted on imgur is a very poor source for this type of thing. For example, I could easily create an visually similar Excel graph to show the exact opposite of what this image does.
Do you have a link to the original source of this data?
U.S. Bureau of the Census and U.S. Department of Housing and Urban Development, New Houses Sold by Sales Price in the United States, [NHSUSSP50T74A], retrieved Federal Reserve Bank of St. Louis; ,June 22, 2018.
Thanks!
For anyone curious the raw data is here, and the St. Louis Fed has an interactive graph for this data (you can make your own graph here)
The issue is housing supply. For America it's the love for bigger homes in the suburbs today, avg 2,400 sqft vs smaller homes on smaller lots in the City, 1950 983 sq ft and 1970 1,500 sq ft.
In the US its that there are less homes being built, along with many smaller home being bought and expanded or knocked down to build a bigger home in a certain neighborhood
In 2017 there were more homes built selling for over $500,000 then were built that will sell for less than $200,000
Lack of profit in smaller houses . Items inside are low profit margin. Compare amenities each house gets built with. And the kind and number of amenities increase profits
There are a lot of nicer older houses, people just don't want to fix them up or add on even if it makes financial sense. Especially here in my city. My house is a 2 bed room with a bonus room upstairs, but the ceiling is a little low up there. I plan to just add a master suit onto the back of the house since my lot it so large for being in the city. I got a really good deal on my house because it is older and needs work, but the potential is great. I wish more people would fix up older houses before they fall apart here.
Wife and I are looking to buy a home at some point in the next year. We would absolutely love a small home that needs work, but we're competing with every house flipper in the galaxy in our location and it's just downright depressing.
Best of luck.
I think this trend moreso follows the decline of the yard. More and more, you see houses squeezed into lots to get the most square footage possible. If there is any data on rising lot sizes, I'd like to see it.
Lot size meaning the size of the land? That's actually the opposite. In 1976 41% of homes were on lots smaller than 9,000 sq ft while in 2017 62% of homes sold were on lots smaller than 9,000 sq ft.
If by lot size you mean the home itself yea.
Here's the best graph I could make for that
http://imgur.com/gallery/i8abCjT