Posts by IBTSAM KHAN

As the summer heat continued to sizzle in August, Florida’s real estate market experienced a notable upswing in median property prices. This surge in housing costs reflects the ever-evolving Sunshine State real estate scene.  August typically marks the peak of summer, with many individuals and families heading out on vacations and soaking up the sun.…

The current market trend in the new-home sales industry has shown tremendous growth and resilience, as per the latest Zonda report. Incentives and discounts offered by builders have fueled this impressive surge. The data analysis reveals that most top markets have experienced a significant rebound, surpassing 2019 sales figures. As a business owner or a…

In a surprising turn of events, the new-home sales market has weathered the storm of high mortgage rates and emerged stronger than ever. According to Zonda’s New Home Market Update report, sales of new homes surged year over year across all 25 selected markets in June. This unexpected resilience has caught the attention of industry…

When it comes to real estate investments, foreign buyers have been a significant driving force in the United States market, and Florida has undoubtedly emerged as the top destination for these savvy investors.   According to the recent International Transactions report from the National Association of Realtors (NAR), foreign buyers were responsible for a staggering $53.3…

What Is an Income Property? An income property refers to a piece of real estate that is purchased or developed primarily in order to earn income by renting or leasing it out to others, with a secondary goal of price appreciation. Income properties, which are a subset of investment properties, may be either residential or commercial. Investors must take…

It’s not a magic wand for scarce materials. But it might keep you one step ahead of competitors. Brought to you by 84 Lumber After 37 years in the building supply business, Mitch Wagner thought he’d seen it all. Then 2021 busted down the door. “This is the strongest demand I’ve ever seen. Sure, there…

Labor shortages, unexpected housing demand, and environmental issues are just a few of the reasons lumber and plywood prices have skyrocketed. According to Forbes, wood product prices are highly volatile, more so than most goods, because the building can swiftly change pace faster than wood products production can. The increased demand for wood products first…

Things Are Heating Up Early in the Hottest Markets for Real Estate in April 2021 Summer vacation, here we come! With June insight and states opening up across the country, real estate activity is buzzing—especially in the Northeast and Midwest, where buyers are jumping fully into the market earlier than usual, according to the latest…

Ah, the bathroom. It’s often one of the smallest rooms in the house, and yet it serves so many purposes. Not only is it a place to wash up, but it can also be your own personal spa—and in a crowded home during a pandemic, a sanctuary. If you’re in the mood to spruce up…

Electric Vehicle Charging: Prepping Your Homes for Future Demand Homes are built to last 50 or more years. No one has a crystal ball to know exactly how people will be using their homes that far into the future, but several features are strongly trending. Building professionals may want to consider voluntarily including such features…

A roundup from Realtor.com of all the home changes designers have seen over the past year. Over the past year-plus of the COVID-19 pandemic, homes were the one constant. It’s where people hunkered down, faced massive upheavals to their routines, and adjusted to accommodate several new demands in their personal spaces. In a recent Realtor.com…

Florida Real Estate Florida is where the sun shines”- you must have heard this several times. Moderate/warm climate, famous beaches, and entertainment venues really make Florida real estate very attractive. So that means Florida real estate or buying a house in Florida is really good for someone who wants to escape the vagaries of weather…

Tech jobs, sun, and no income tax: experts explain why Florida is poised to keep growing even after the pandemic More and more workers are moving to Florida during the pandemic — and the sunny climate isn’t the only reason why. Top companies are opening new offices in the state, and the rise in remote…

For most of us, our bedroom is little more than a place to sleep and relax. However, just because it’s always been that way doesn’t mean that we have to settle for drab and dreary. One trend that’s gaining steam these days is converting your current bedroom into a luxury suite (or something comparable). If…

After having waited on the sidelines for what seemed like forever, first-time homebuyers last year made 38 percent of all U.S. single-family home purchases – the biggest share since 2000 – and the 2.07 million new or existing houses they bought ended up being 7 percent more than in 2016, Bloomberg.com reported. “Pent-up demand” is…