A Record Number of US Homes are Being Built - For Renters
Looking nationwide, one can see that the subject of rent affordability has recently been an ever so highlighted issue amid a continuous uptrend in price due to a variety of issues and causes. Analyzing the raw data, one can see why home builders have now begun to increasingly show rapidly growing interest in building single-family homes - that will be solely on the market for rent, not purchase.
“Single-family-built-for-rent” has been a relatively small niche construction type in the residential sector for the past decade, however due to recent trends in the real estate market and due to the effects of government intervention programs during the past year and a half of the COVID-19 pandemic. In Q3 2021, construction on 16,00 single-family-built-for-rent properties started, a record for the residential construction sector.
“While the...
New Rochelle Real Estate Market Report: October 2021
The month of October 2021 for New Rochelle real estate has continued the upward trend in average price for single family homes reaching brand new highs of over $861,000. The New Rochelle real estate market has continued to suffer a decrease in the number of homes for sale as October only totaled 84 single family homes for sale for the month.
Connecting the dots between the increase in price tied alongside the decrease in available homes, one would recognize that this is due to the continuation of the hot real estate market New Rochelle, and Westchester...
White Plains Real Estate Market Report: October 2021
The month of October 2021 for White Plains real estate has continued the upward trend in average price for single family homes reaching brand new highs of nearly $805,000. The White Plains real estate market has continued to suffer a decrease in the number of homes for sale as October only totaled 49 homes for sale for the month, a 10 year low.
Connecting the dots between the increase in price tied alongside the decrease in available homes, one would recognize that this is due to the continuation of the hot real estate market White Plains, and Westchester as a whole has experienced. The number of closed sales for single family homes for the month of October in White Plains was 312, barely slowing down from September's 320, that wrapped off an intense summer market.
The White Plains...
A host of Metro North, as well as state and megacity officers were on hand for a form onNov. 1 to mark the completion of the full-scale$ 95 million renewal of MTA Metro-North Railroad’s station in Downtown White Plains.
The addition began in 2018 as part of Metro-North’s Station Improvement Initiative to ...
