Low rates of household formation since the Great Recession have caused 5.7 million “missing” households, a new Zillow® analysis finds.
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Real estate
Gen Z renters moving out and moving up
Rental concessions, such as a free month's rent, appear to be luring Gen Z out of their parents' basements and back into the rental market.
Read More »Lancaster-York commercial real estate busier in 2020’s Q4
Some sectors of commercial real estate in York and Lancaster counties were busier than others in the fourth quarter of 2020 as the pandemic market continued.
Read More »Global affordable housing shortage builds interest in prefabricated housing
Global demand for prefabricated housing is forecast to rise 1% annually through 2024 to 3.9 million units, boosted partly by the shortage of affordable housing throughout the world supporting demand for inexpensive prefabricated units.
Read More »Lancaster home sales dip due to lack of inventory
Home sales in Lancaster County dipped 4.7% in January, sliding to 385 after coming in at 404 the previous year.
Read More »CRH to relocate Harrisburg facility to Susquehanna Township
Fayette County-based full-line industrial catering and food service company CRH Catering is relocating its Harrisburg branch to two recently purchased buildings in Susquehanna Township, Dauphin County.
Read More »More home buyers and sellers remains the story in the midstate
A shortage of inventory continues to be the major trend of the local real estate market, said Adrian Smith, president of the 2021 Greater Harrisburg Association of Realtors.
Read More »York developer outlines 19-year schedule to build a planned community in Conewago Township
A sprawling 460 acre development in Conewago Township is expected to offer more than 1,640 combined residential units by the time it is fully built out in 2040.
Read More »Taxes, immigration and climate among issues to watch in Biden’s first 100 days, panelists say
Less than one month into the Biden administration, actions taken by the president have indicated a much more progressive approach to governing than in the conservative Trump administration.
Read More »Seller’s market for home sales continues in York-Adams counties
Typically, real estate agents get a break between Thanksgiving and the Super Bowl, as activity slows down for winter and the holidays. “But not this year,” said Tina Llorente, 2021 president of the Realtors Association of York & Adams Counties. “It’s been incredibly busy.”
Read More »Survey: One-Third of Homebuyers Would Relocate If Remote Work Becomes Permanent; One-Third Already Have
Two-thirds of homebuyers and sellers would consider moving—or already have moved—to a different city or area given the opportunity to work remotely permanently, according to a new report from Redfin, the technology-powered real estate brokerage.
Read More »Hanover’s vacant Montgomery Ward building to be converted to apartments
The abandoned Montgomery Ward building in the 300 block of Frederick Street will be converted to apartments. The $3.5 million project is set to begin in March.
Read More »A Sweet Deal: Couple offers case of Girl Scout cookies in bid to buy Berks home
With several offers often competing for the same desirable home property, buyers have had to get creative to get their bids noticed and accepted by the seller.
Read More »A leadership change at Landmark Commercial Realty pledges to take company to the next level
“I’ve been in it since 9/11, through the Great Recession to the COVID-19 global pandemic,” said Grace, who bought Landmark on Jan. 19. “I would say this has been the most challenging in my 20 years because we had to change how we had to operate.”
Read More »HDC MidAtlantic secures state grant for low-income housing in Lebanon County
HDC MidAtlantic, a Lancaster-based nonprofit developer of affordable housing, announced that it received $250,000 through a state program to help pay for its 51-unit Beach Run Apartments, under construction in Bethel Township, Lebanon County.
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