RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Earth Day: 10 Housing Facts

April 26, 2016 12:30 am

Earth Day began 46 years ago as a means to inspire awareness and appreciation for the Earth’s natural environment. Housing plays an important role in this mission, because many of our boots-on-the-ground green efforts happen in the home.

In honor of Earth Day, we’ve compiled these housing facts, relating to the environment and energy, from the Census Bureau. Enjoy!

1. 620,000 single-family homes were built in 2014.

2. The median size of the single-family homes built was 2,453 square feet.

3. 282,000 single-family homes built in 2014 had 4 or more bedrooms.

4. 64,000 single-family homes built in 2014 had 2 or fewer bedrooms.

5. Ninety-one percent of single-family homes built in 2014 had air conditioning.

6. The average sale price of a new single-family home sold in 2014 was $345,800.

7. 11,000 multifamily buildings were constructed in 2014.

8. 56,800,000—or 48.8 percent of—occupied housing units were primarily heated by utility gas in 2014.

9. 2,500,000—or 2.1 percent of—occupied housing units were primarily heated by wood in 2014.

10. 59,558—or less than 1 percent of—occupied housing units were primarily heated by solar energy in 2014.

Source: U.S. Census Bureau

Published with permission from RISMedia.


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Report: Saving Money…and It Feels So Good

April 26, 2016 12:30 am

More of us are padding our coffers—and boy, do we feel good about it!

A recent report by Bankrate.com shows that Americans’ feelings of financial security have reached a high, thanks to rising net worth, job security and “comfortable” debt levels. Nearly 30 percent of Americans included in the report have a higher net worth now than they did a year ago.

Millennials are saving more money than any other age group: over 5 percent of their incomes, according to the report. Some are even saving more than 10 percent.

Still, all age groups are setting aside more than they did last year, with 1 in 6 working Americans saving 15 percent of their incomes, and just 21 percent saving 5 percent or less of their incomes.

“The good news is that many working Americans, millennials in particular, are saving, and saving more than last year,” says Greg McBridge, chief financial analyst for Bankrate.com. “The bad news is that 21 percent of employed Americans claim not to be saving any of their paycheck—nothing for retirement, nothing for emergencies, and nothing for other financial goals.”

In the report, higher savings rates predictably skewed toward higher incomes—but nearly 30 percent of lower-income savers (earning between $30,000 and $50,000 each year) are socking away more than 10 percent of their incomes, besting the 24 percent of $50,000-$75,000 households doing the same.

Source: Bankrate.com

Published with permission from RISMedia.


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