by Rhett Loveman | Dec 16, 2024 | Insights
The average sales price for new homes in the US climbed to $485,000 in February 2024, against a backdrop of a per capita income of $41,261. This discrepancy highlights that the average American is priced out of affording a new home.Escalating home prices are...
by Rhett Loveman | Dec 16, 2024 | Insights
In residential development, entitlements refer to the legal rights granted by local authorities that allow developers to build specific projects on a piece of land. Working to ensure that projects comply with local zoning and land use regulations is...
by Rhett Loveman | Dec 16, 2024 | Insights
What Are EntitlementsEntitlements are vested rights that allow you to develop a property for a certain use. For example, a 20-acre parcel of land zoned agricultural can be rezoned residential, commercial, or industrial. By doing so, the land has a vested right for...
by Rhett Loveman | Dec 16, 2024 | Insights
Last year, the Supreme Court ruling in Sackett v EPA led to changes in the regulations that govern the “navigable” waters of the United States (“WOTUS”). The regulation does not clarify what constitutes a...
by Rhett Loveman | Dec 16, 2024 | Insights
At Terramoor we specialize in the acquisition, entitlement, and development business. These can be foreign terms to those not intimately involved in the real estate development business. So this blog post is devoted to simplifying the process of what it means to...
