Morning Briefing: Want a big house? This state offers the biggest choice

by Steve Randall03 Oct 2016
Want a big house? This state offers the biggest choice
Utah is the leading state for metros with the largest houses according to research by Lawnstarter.com.

The analysis of US metros shows that Utah has three of the top 5 metros for large homes, led by Provo-Orem where 57 per cent of owner-occupied homes have at least 8 rooms.

Next comes Ogden-Clearfield, which provides plenty of room for families of Osmond-like proportions, with 52.1 per cent of homes containing at least 8 rooms. Third is Washington DC at 51.1 per cent.

Utah’s Salt Lake City claims the fourth spot at 48.9 per cent followed by Colorado Springs, CO with 46.3 per cent.

The rankings are based on US Census Bureau data from its 2015 American Community Survey.
 
Home prices up 5.3 per cent says Black Knight
Data from mortgage analysts at Black Knight Financial shows that home prices increased 0.4 per cent in July compared to June and were 5.3 per cent up year-over-year.

The firm’s HPI report reveals that New York and Minnesota led home price gains among the states, seeing 1.1 and 1 per cent growth for the month, respectively, while Missouri was the only state to see home prices decline (falling 0.1 per cent).

Nationwide, the HPI has advanced 33 per cent from the market’s bottom (January 2012) and the average home is now $266,000, 0.8 per cent below the peak of June 2006.

On a metro basis, the largest rise in prices has been in Albany, OR (up 1.3 per cent), Utica, NY (up 1.2 per cent) and Buffalo, NY (up 1.1 per cent).
 
Former Vice President’s real estate listed in NYC
A home on land previously owned by former US Vice President Aaron Burr has been listed in New York.

The West Village property was built on land owned by Burr around 1802 and is expected to attract a lot of interest from the former VP to Thomas Jefferson due to a new play based on his infamous killing of New York Post founder Alexander Hamilton.

The 17 Carriage Street home is listed at $5.75 million.
 

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