Smart-home products are poised to become a $60 billion global industry, according to research firm MarketsandMarkets. Yet consumers need spend only a few hundred dollars on each item to make their lives more automated.
Most of the homes not-for-profit NEAR develops in the area are priced below market and sold to lower-income buyers. But it has constructed a handful of houses aimed at market-rate buyers, demonstrating the faith it and other builders have in the neighborhood.
Locally, the number of homes flipped in 2015 jumped 9 percent from the previous year. Nationally, 2015 marked the first annual increase in the percentage of homes flipped following four straight years of decreases
The lots were among the last available spaces to nab close to the main drag in Fountain Square, a neighborhood where Fisher and his family’s business, RCA Properties LLC, already owned substantial property.
The stuff buyers pack into outdoor living areas varies according to taste. Some opt for outdoor kitchens, though most see the space as a place to chill rather than sling hash. Some spaces are even equipped with outdoor-rated televisions that—allegedly—can stay in the yard year round.
Litz & Eaton Development Co. and its two affiliates have grown from annual revenue of $1 million in 2011, the year residential developer Brad Litz and custom homebuilder John Eaton founded the company, to an expected $40 million this year.