Looking at the bathroom-to-bedroom ratios across the country, where are you least likely to fight over the bathroom in the morning?
Toilet jokes aside, the average person visits the toilet 2,500 times a year, which averages to about 6-8 times a day. All in all, you will spend three years of your life sitting on the toilet (or possibly more if you like to read/watch movies while you take care of your business).
Needless to say, we can assume that the smallest room in the house is also one of the most essential rooms in the house…which begs the question: Is it essential enough to make sure everyone under the same roof has their own personal bathroom OR should your family just adopt a “share and share alike” policy when it comes to visiting the “comfort room”?
Well, as it turns out, for whatever reason – be it a regional preference (as in everything’s big in Texas) or generation gap (what can we say, older homes tend to be smaller and have fewer bathrooms) – where you live can dictate how many bathrooms per bedrooms you’ll likely get in your home.
Yup, it’s true. We made this discovery a few weeks ago when we crunched some numbers to see where you can find homes for sale with the most bathrooms per bedroom. Check out the results below – do you live in heavily-bathroomed place?
Share a Bathroom Here? No Way Jose!
|#||U.S. Metro||Bathroom-to-Bedroom Ratio|
|1||Raleigh-Cary, NC MSA||1.07|
|2||Las Vegas-Paradise, NV MSA||1.00|
|3||West Palm Beach-Boca Raton-Boynton Beach, FL MSA||1.00|
|4||Atlanta-Sandy Springs-Marietta, GA MSA||0.98|
|5||Charlotte-Gastonia-Rock Hill, NC-SC MSA||0.96|
|7||Fort Lauderdale-Pompano Beach-Deerfield Beach, FL MSA||0.95|
|8||Miami-Miami Beach-Kendall, FL MSA||0.95|
|9||Dallas-Plano-Irving, TX MSA||0.95|
|10||Phoenix-Mesa-Glendale, AZ MSA||0.94|
You Best Be Willing to Share a Bathroom Here
|#||U.S. Metro||Bathroom-to-Bedroom Ratio|
|1||Pittsburgh, PA MSA||0.72|
|2||New York-White Plains-Wayne, NY-NJ Metro Division||0.73|
|3||Oklahoma City, OK MSA||0.73|
|4||Oakland-Fremont-Hayward, CA MSA||0.74|
|5||Cleveland-Elyria-Mentor, OH MSA||0.75|
|6||Detroit-Livonia-Dearborn, MI Metro Division||0.77|
|7||Buffalo-Niagara Falls, NY MSA||0.77|
|8||Sacramento-Arden-Arcade-Roseville, CA MSA||0.78|
|9||San Francisco-San Mateo-Redwood City, CA Metro Division||0.78|
|10||Milwaukee-Waukesha-West Allis, WI MSA||0.78|
While this is an interesting set of lists, we couldn’t help but wonder if home sizes played a role. So we plotted out all the U.S metros that we looked at on a graph, comparing its bathroom-to-bedroom ratio with the average square footage.
So there you have it. If having a more favorable bathroom-to-bedroom ratio is #1 on your list of must-haves the next time you’re out house hunting, consider buying a home in Jersey or the South. Likewise, if you’re a big believer in sharing is caring, then head on over to the SF Bay Area or New York.
And now let’s ask the audience – how important is having a LOT of bathrooms in your home?
Methodology: If you’re so mathematically inclined, here’s a quick and dirty explanation on how we calculated the bathroom-to-bedroom ratio. In the 60 largest U.S. metros based on population size, we looked at all the 2-bedroom homes for sale on Trulia.com. We then counted up all the bathrooms in these properties. (FYI, all 2-bedroom homes will have at least 1 bathroom and can in some odd cases, as many as 3 bathrooms. We know, it’s weird…but it happens). We then divided the total number of bathrooms by the total number of bedrooms in a metro and….*drum roll*… ta-da! That’s how we get the bathroom-to-bedroom ratio.0 comments
Up this week are two areas of housing investment – new multi-family construction and remodeling – and a look at how people’s attitudes about housing are affected by personal experience.
What’s Bob the Builder Working on Now?
One of the clearest signs that the housing market is – and has been — suffering is that builders aren’t building a lot of new homes. Only when builders think demand for new homes is growing and that prices are going up will they pick up the pace. This week, the Census reported that housing starts remain in the doldrums: in September, builders started construction on new single-family homes at an annual rate of 425,000 homes. During the bubble years of 2003-2005, single-family construction averaged 1.5 – 2 million annually, and was 1 – 1.5 million in the years before that, so current rates are nowhere near even normal levels. But construction of housing units in buildings with 5 or more units – apartment buildings, mostly – has jumped to more than twice the rate at the bottom of the recession and is moving steadily upward.
Why are big buildings suddenly so popular? Well, rents are rising as more people choose to be renters by choice or out of necessity. As a result, more and more renters are fighting over whatever apartments are available. That said, this multi-family construction boom won’t put the brakes on rising rents just yet. It takes a little over a year between the start and completion of a typical multi-unit building, so you can expect rents to keep climbing for much of 2012.
Source: Census Bureau, Construction Statistics
It’s Not What You Know, It’s Who You Know
As I’m writing this on Thursday afternoon, our downtown San Francisco office was shaken by a 3.9 earthquake – a minor rumble but enough to rattle the nerves of my colleagues who haven’t felt the earth move before. When it comes to housing, nerves work the same way. A new study looks at how consumer attitudes about housing have been rattled by price tremors in their neighborhoods. The people who are least confident that owning is a better financial move than renting are those who (1) live in neighborhoods with bigger price drops AND (2) have or knows someone who has recently experienced foreclosure or lost a lot of money in real estate. Meanwhile, people who live in neighborhoods with falling prices but who aren’t personally close to anyone hurt financially from housing remain bullish on housing. With the housing market, as with earthquakes, it takes personal experience to change your attitudes.
Why Are Home Makeovers So Popular Today?
Suffering rattled nerves about homeownership but frustrated that rents are going up? What’s a homeowner left to do? Remodel! Residential remodeling construction permits are higher now than even at the height of the housing boom in 2004 & 2005. While remodeling is seasonal – in every year permits peak in summer and dip in the winter – the number of permits in August 2011, announced this week by BuildFax, was 29% higher than August 2010. Granted, you could say, this jump just looks big when you compare it to the remodeling declines during the economic slump in 2008 and 2009, but the drop was nowhere near the plunge in single-family construction (see above). In other words, this surge in remodeling is more than a return to normal. So what does this all mean? Well, it’s a sign that people are sprucing up their homes because they’ve decided to stay put or are remodeling in order to sell. For homebuyers, more remodels could mean fewer homes for sale, but better pickings for buyers who can’t live without state-of-the-art lighting and a high-end commercial-style kitchen.
Link to BuildFax’s Remodeling Index0 comments
In the age-old battle of the sexes, who “wins” when it comes to pricing and putting homes up for sale?
Believe it or not, America’s workforce is made up of more ladies than gents (almost 60% more, to be specific). Yes sir-eee Bob – it’s very much a woman’s world as far as numbers go, but does this hold true when you take a look at the nitty-gritty details, as in the actual job? Well, out of shear curiosity, we decided to look into the guy-to-girl ratio among real estate pros and see how male and female agents differ – besides on the obvious stuff, that is.
Why are we doing this, you ask? Well, why the heck not?! This is seriously interesting, not to mention fun, factoids to know. And you thought rent vs. buy was a great debate. Well, my friend – you ain’t seen nothing yet.
First things first, here’s our methodology: We started with a simple name analysis using the genderizer to separate the men from the women agents among all the real estate pros on Trulia.com. Then we took a good hard look at which gender outnumbered the other in this industry, who listed more homes for sale and who had more expensive homes.
The Pink Ladies of Real Estate
Not to reinforce stereotypes, but let’s face it…some careers are dominated by women (think nurses and nannies) and some are made up of almost all men (can we say construction workers and software engineers). But as far as the real estate industry goes, the gender divide is fairly balanced…or is it? In one of the early draft of our female vs. male real estate agent map, we colored each state pink where there were more women and blue where there were more men.
To our surprise, we ended up with a really, really pink map – see for yourself.
So what’s going on here? Well, as it turns out, there’s actually more women than men who are in the business of buying and selling homes for a living…and the state by state breakdown wasn’t crazy different. Looking at the lower end of the spectrum, there are about 48% more female than male agents in South Dakota and Nebraska. Meanwhile, on the higher end of the spectrum, there are 64% more women working as real estate agents than men in Mississippi and Oklahoma. What can we say, however you try to slice this, the ladies are kicking butt and taking names. Needless to say, the first point goes to the ladies.
Anything you can do, I can do better. I can list more homes than you.
After examining the gender divide, we then took a look at the average number of homes that men and women put up for sale by state. To be clear: this has nothing to do with the actual number of homes sold, just the volume that each agent is listing.
Judging by the number of blue states (where male agents had more listings) to pink states (where female agents had more listings) and grey states (where it was pretty much equal, give or take), the guys definitely list more homes for sale. This was especially true in North Dakota where the men had 129% more homes for sale on the market. To break this down, what this percentage means is that male agents in the roughrider state (not to be confused with Ruff Ryders) have about 25 listings versus the 11 listings by female agents. Sorry ladies, but the guys got game on this. Round two: point goes to the men.
|Where Male Agents List More Homes for Sale Than Female Agents|
*What does the percentage mean? Male agents in North Dakota has 129% more listings than female agents
What’s Your Price?
Before we jump into how male and female real estate pros differ on price, we want to throw in a quick side note to explain that pricing a home to sell factors in a lot of things about the property (think square footage, age, # of bedrooms and bathrooms) and the neighborhood (can we say crime and school district?). In other words, the average list price isn’t necessarily a reflection on how aggressive the agent is on pricing. In some cases, it could mean that women take on inherently more expensive homes/neighborhoods than men and vice-versa.
Now that we’ve cleared the air, let’s move on. In the next map that we made, we calculated what the average list price is for female and male agents by state based on all the homes that they have up for sale. As you can tell by all the pink states, the ladies tend to put their homes on the market for a higher price than the gents.
This is especially true in West Virginia where homes for sale by a female agent are 63% more expensive. What does this mean? Well, when you look at the raw number, there’s about a $40K difference in the average list price which isn’t chump change if you know what we mean. So boo-ya – another point to the ladies. Game point!
|Where Homes Listed By Female Agents Are More Expensive|
*What does the percentage mean? In West Virginia, homes for sale by female agents are 63% more expensive
Where Men and Women are Rocking Real Estate
In looking at how male and female agents differ on price and the sheer volume of homes that they tend to sell at a given time, we made an interesting observation. Even though there are 53% more ladies in the business in Alaska, the guys have an edge on both price (where homes listed by male agents are 72% more expensive) and number of homes that they’ve put up for sale (while not a huge difference, male agents have about 10% more homes for sale on the market).
As for the #1 woman dominated state, it’s Mississippi. Not only are there 64% more female real estate pros, the ladies also have 41% more homes for sale on the market than men and those homes are 27% more expensive on average. What can we say, these southern belles mean business.
After reading through these findings, are you surprised? We’d love to hear your thoughts, especially if you’re a real estate pro – let us know what you think and if live in a pink or blue state.0 comments
Finding homes to buy and sell today is pretty easy thanks to the Internet, but as for making sure all the need-to-know info (that’s been posted online) is correct – not so much.
A question to all you house hunters out there – have you ever found your dream home through an online search, only to later discover that it’s no longer for sale or that the price has changed? Well, you’re not alone. This is actually a very common, industry-wide problem. But rest assured – Trulia has taken the first steps to help fix what’s been broken by (1) doing regular “checkups” to see how much bad data is out there and then by (2) prescribing a treatment plan. While you can read more about that whole effort here, we thought it would be fun to share some of the insights that we found after accessing all the real estate data that’s online right now.
Two Wrongs Don’t Make A Right
When we asked more than 1,000 homebuyers, sellers and real estate pros on Trulia.com what their biggest headache was when it came to online house hunting, an overwhelming number said it was making sure the details on the homes for sale were right. Hands down, nothing can be more frustrating than falling in love with a home only to later find out that it’s completely out of reach. Given this, it’s not surprising that price and status (e.g., pending sale, sold and for sale) were listed as the biggest gripes.
The Usual Suspect: Third-Party Syndicators
So what gives – what’s with all this bad real estate data? Well, let’s take a step back and look at how most homes for sale are posted online. As a first step, home sellers will hire an agent or broker to add their home to the official “homes for sale” list that only real estate pros have access to (this would be the Multiple Listing Services, or MLSs, for those of you in the know). Depending on the MLS, the listed homes will then be posted online to real estate listing websites like Trulia. In other cases, real estate pros will manually post the homes that they’re trying to sell onto these websites OR they will use third-party syndicators (online services that will automatically make these updates on a number of websites all at once) to do the work for them.
In a perfect world, any and all changes to the price or status of a home for sale will be quickly updated by the agent or broker where ever they have posted it online. Unfortunately, this doesn’t always happen. When we analyzed all of these methods, we found that the source of all the bad real estate data floating around on the Internet is the result of sheer forgetfulness. In fact, more than two-thirds (69%) of all the errors that we found came from third-party syndicators. So just like a game of telephone, some details get lost.
Breaking Bad Data
To figure out how bad is bad when it comes to real estate data, we looked at 1.2 million homes for sale that can be found online on one of 250 real estate sites and compared them with what’s listed on the MLSs.
The verdict? We hate to say it, but this is bad news bears, my friend. The deets on 1 out of every 10 homes for sale (that’s roughly 120K errors – ugh) that you can find info for online is wrong! Yikes, that’s not good especially when you look at the breakdown. About half (51%) of the errors were related to price while the other half (41%) were wrong statuses. Even worse, a small fraction (8%) was caused by a double jeopardy of both price and status errors.
Call us crazy, but we’re pretty sure most house hunters look at more than 10 homes when they’re searching for a new house. Needless to say, this is definitely a problem – but what can we do about it? Well, as they say in AA, recognizing that you have a problem is the first step towards recovery. Now that we’ve exposed what’s happening and have shed some light onto the root of the problem, Trulia is taking the bull by the horns because enough is enough. To help make sure prices are up to date and statuses are correct, we’re taking leadership steps to (1) tag and ID bad real estate data, (2) correct anything that’s wrong on Trulia and (3) tell real estate pros when there is something off kilter with the online info about the homes they’re selling, allowing them to fix things ASAP. If you ask us, this is all part of a giant leap towards making housing hunting a little less frustrating for everyone.
(To download a PDF copy of this report, click here.)
When it comes to searching for a home on the go, the iPhone is still the smartphone of choice except in a few cities across America.
Last time we checked, smartphones have become the de facto way to find homes for sale on weekends and makes up a pretty big chunk of the house hunting that happens at night on weekdays. As a matter of fact, 25% of all the window shopping that happens on Trulia at peak hours is done from a phone.
Remember this? A couple weeks after Trulia’s Android app made its grand entrance, we took a snapshot to see where most of our tech-savvy real estate geeks lived and where our iPhone/Android apps reigned supreme. Well, we’re at it again. Today, we’ve debuted a (1) rentals Android app that is designed to help people find homes for rent as well as (2) the FIRST real estate app for the Android tablet. With these two exciting new additions to the Trulia Mobile family, we thought it’d be a great time to revisit the iPhone vs. Android debate (when it comes to mobile house hunting that is). Let’s see what went down in the last five months, shall we?0 comments