The first half of 2019 surprised housing markets across the country: Mortgage rates fell. That’s the opposite of what the experts had predicted at the beginning of the year, and it is welcome news for home buyers, sellers and homeowners. Millions of owners could benefit from refinancing at these unexpectedly lower rates. In other ways, housing forecasters’ predictions for 2019 were correct. Buyers are still competing for a short supply of homes, but the market isn’t quite as tilted in favor of sellers as it … [Read more...]
Archives for June 2019
Fancier Kitchens, Higher Budgets: Homeowners Want to Renovate
June 6, 2019 by Leave a Comment
Source: “Houzz & Home Survey,” Houzz (June 5, 2019) | Realtor Magazine The kitchen is often considered the centerpiece of a home, so it’s not surprising that it tops most homeowners’ renovation lists. Homeowners are spending more to outfit their kitchens, too. Kitchen remodel spending jumped 27% in the past year, reaching a median of $14,000 on upgrades, according to a newly released Houzz & Home survey of more than 140,000 homeowners. After the kitchen, the next biggest … [Read more...]
