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Analyzing Housing Markets: Hot Spots for High Income Homes

There are all kinds of information and data that you can use when evaluating housing markets for homebuilding and real estate purposes. A Washington Post article provided some interesting insight about where the highest earning citizens live in our country. You can use the related color-coded map tool to quickly identify the wealthiest US Counties based on the most recent Census data, and also to search by county to see the breakdown of high income households in each county. Click here for the Map Search Tool. We like it because it is easy to use and a very visual way to compare this information…

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Subdividing Land: Tips for Landowners from a Developer (Part 1 – Evaluate)

Learn to evaluate the risks and rewards of subdividing land into residential lots. In this first of three articles on the subject, a developer and real estate lawyer provides landowners specific items to evaluate when considering whether or not to subdivide land. Come back for the next articles in this series that provide insights for landowners based on the author’s real world experiences with the subdivision process, as well as a hands-on description of the steps landowners should take when subdividing land. Why Subdivide My Land? Sub·di·vide (v.): to divide into several parts; especially: to divide (a tract of land) into building…

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Lots and Land Development: How do you know when the Market is Ready?

By all indications, the U.S. economy is slowly recovering from the Great Recession. There are all sorts of numbers and metrics used to take the temperature of the economy: The unemployment rate and other “jobs numbers” Consumer confidence Retail sales Manufacturing inventory levels Housing starts Building permits In the real estate and home construction industries, especially, there seems to be good, reliable data to gauge and assess the health of the marketplace, such as residential starts,  construction spending, new home sales, existing home sales and home value trends. Where is the Development Industry’s Standard? But to date, we’ve found no…

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Home Builder Loan Market…Not So Terrible?

Whether it’s houses, land or lots for sale, too many in the real estate industry have seen deals fall apart because of the tight lending market over the past few years. Words to describe the lending market in recent years might include: “terrible”, “non-existent” or “impossible”…making a report of “neutral” something to celebrate. The NAHB recently issued its “Survey on Acquisition, Development & Construction Financing” for the second quarter of 2012, which describes homebuilders’ and developers’ current experiences with the availability of loans for land acquisition, land development and home construction. What can we glean from the survey? Our key…

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