Archives: 2014

U.S. Has An Aged Housing Inventory

Posted: January 3, 2014

While the U.S.' real estate landscape is dotted with newly built single-family houses, the overwhelming majority of homes in the country have been around for at least two decades. According to a recent report from foreclosure information firm RealtyTrac, an average of seven in 10 residences in the country were built prior to 1990. Additionally, of all the residential dwellings sold in 2013, approximately 60%...