IRVINE, Calif. – RealtyTrac™ (www.realtytrac.com),
the nation’s leading source for comprehensive real estate data, today released
its Aging Homes Analysis, which shows that more than 70 percent of the U.S.
single family homes were built before 1990 while 60 percent of 2013 sales
year-to-date were for homes built before 1990.
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| Jake Adger |
“The high percentage of homes that are at least 20 years old
and likely in need of some major repairs is eye-opening,” said Jake Adger,
chief economist at RealtyTrac.
“However, given the low inventory of homes available for
sale in today’s market, this challenge of aging U.S. housing supply can also be
an opportunity for buyers looking for a bargain and homeowners looking to
update their living space and improve the value of their homes.”
For a complete
copy of the company’s news release, please contact:
Jennifer von Pohlmann
949.502.8300, ext. 139
Brittney Marin
949.502.8300, ext. 107
Data and Report Licensing:
800.462.5193
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