Tag: homebuilders

Home Builders Seek Workers as Demand for Homes Increase

 Written by: Samantha Guarderas

  According to CNBC, homebuilders are currently experiencing a rise in demand for homes. This progress has been consistent over the past year and provides hope to homebuilders who suffered after losing 70% of their business in the housing crash. Now, with this boost in new orders for homes the main problem in executing homes in a timely manner is a lack of workers. After the housing crash, many workers left the home building industry in search of jobs with higher demand.

Due to the shortage of these workers, more specifically, framers, concrete workers, plumbers, roofers and painters, the cost of labor is greater. Homes that previously could be finished in 6 months now take 9 months. To replace these workers isn’t nearly as easy as it seems. These jobs require highly skilled workers and on the job training is undesirable. Time is money and in today’s market it can’t be wasted. They need workers that are already trained and prepared to begin the job.

       In the month of September alone, Eklipse Real Estate has had over $4 million dollars worth of real estate in escrow! Also, we currently have a home in development located at 7561 Clinton Street, right off of the world famous Melrose Avenue. The property is a 2 bedroom, 2 bathroom, single-family

home, estimated to be completed within the month. Make sure to continue to browse our website for our upcoming listings and don’t forget to follow us on twitter @EklipseRE to be kept up to date on our properties, as well as the latest real estate news!

Existing Home Sales Improving – Attitudes Changing

Written by: Samantha Guarderas

Recently it was discovered that homebuilders’ confidence has increased to a five-year high. This is due to both low-cost property prices and record-low mortgage rates. Currently, these less-expensive properties are attracting buyers and adding to the housing recovery statistics. According to the Los Angeles Times, “resale’s jumped 10.4% compared with the same month last year.” These consistent jumps in numbers over the past year are continuing to provide homeowners and builders with positive attitudes towards the market. While current homes are selling, prices continue to rise. However, this time of recovery is beneficial to many home-improvement companies.

People are choosing to put a lot of time and energy into remodeling projects. For example, Home Depot has just reported their second-quarter earnings, which exceeded previous analysts’ estimates. Optimism is coming from all angles and the future of real estate is bright. We have taken note of this optimism during our open houses where prospective homebuyers are engaged and positive.

Come view our listing on 736 June Street, which was recently remodeled and features a beautiful open floorplan.

The listing agent is Phillip Braunstein.

Homeowners Demanding a Change in Zoning Laws

Written by: Samantha Guarderas

     Homeowners across the United States are beginning to demand a change in zoning laws to allow both for profit as a homeowner and provide affordable rent to tenants. There has been much apprehension about in-law suites or alternate entries due to issues of parking, traffic and the strain on utilities. However, with the job and housing markets’ current state, there has been a rise in recent meetings dealing with the topic of these alleged accessory units.

     A major issue that has been brought up about renting out space in these American suburbs is the fact that it defies what the suburbs stand for, which focuses on space for growing families. However, many of those occupying the suburbs are facing and reflecting on one of two issues: they can’t sell their homes or they simply just do not want to.

     Many of these homes are occupied by a minimal number of residents, who do not utilize the space they live in. Parents find themselves in homes that are far larger than necessary after their children go off to college and eventually settle down elsewhere. Due to this issue, Patrick Hare tells WSJ that this extra space would best be used for accessory apartments. This extra space is resulting in a generation of new renters.

     As a result of the rental market, many people are going against what has been seen as the norm in previous decades and renters are suddenly considering single-family homes. This has sparked an interest in homebuilders who are now featuring separate units in their homes.

     While these accessory units are offering affordable rent and allowing homeowners to keep their homes, they still worry and raise the question of parking spaces. If every home in a suburb were to offer these accessory units, parking would most definitely become a concern on the residential streets. What are your thoughts on the issue?