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Jun 01, 2004 -- Americans "hiving" in their homes

Real estate is something people get involved in because it represents both a place to live and a smart investment. There are trends in real estate that Americans must keep up with because they can either help or harm us. For years, Americans wanted a house that sat back from the street, looked out to a back yard and had an inward feeling. Today, only a third of us want that kind of house. People are not interested in a “removed” house. They want something closer to the street that looks forward not back. You’ll see many with a porch on the front of the house to facilitate engaging with neighbors. And, in many areas, sidewalks are popping up in front of homes. People want to have a home but also feel part of a community. It’s called “hiving” in the real estate business. People used to want to “cocoon” in their homes, but not anymore. So, when you think about what kind of home will get you the best value, keep in mind what people want these days. It will put you in a better position when it’s time to sell. Plus, you may enjoy your house or neighborhood more if you had an opportunity to connect with neighbors.

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