by Rhett Loveman | Dec 16, 2024 | Insights
Access to quality schools is a key factor driving Alabama’s housing market. Families who want to ensure their children attend good schools are limited to specific neighborhoods. Because of the demand for these neighborhoods they often come with...
by Rhett Loveman | Dec 16, 2024 | Insights
The adage and number one rule in real estate is “location, location, location.” While it’s true that identical homes can increase or decrease in value due to location, public school districts are a key factor that causes property valuations to fluctuate from one area...
by Rhett Loveman | Dec 16, 2024 | Insights
Thanksgiving, a holiday deeply rooted in American culture, brings families and friends together to express gratitude for the blessings in their lives. It is a time for homecoming, and as families gather to give thanks, it’s an opportune time to reflect on how the...
by Rhett Loveman | Dec 16, 2024 | Insights
https://www.jstor.org/stable/43821578 By now everyone is aware that there’s a slowdown in the real estate market. It affects every aspect of our industry albeit to varying degrees. Inflation and rapidly rising interest rates are often cited as the predominant factors....
by Rhett Loveman | Dec 16, 2024 | Insights
The inclusion of manmade ditches and canals under WOTUS has been a longstanding debate and was governed by the subjective “significant nexus” test. The Supreme Court’s decision in Sackett v....
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...
