Currently, there are approximately 136.57 million housing units located throughout the country. While home owners occupy 75.6 million of these units, the remainder are occupied by renters. Recent data indicates that the home-ownership rate within the United States is at 64.2%. Even though there has been a steady decline in home ownership since 2005, the U.S. Census Bureau reported that 612,000 new homes were built and sold during 2017.
When houses are going on the market, they need to undergo home inspections. On average, this process will take two to three hours for a home inspector to complete. This is because there are at least 500 data points that need to be inspected. In addition to checking for the presence of lead-based paint, mold, and termites, a home inspector will also want to determine whether or not the roof is in good repair. Due to the information that is obtained from these inspections, approximately 33% of Continue Reading