According to Fixr.com's Remodeling 2023 Cost vs. Value Report, new data shows which remodeling jobs had the biggest increases in ROI over the past year, as the home remodeling industry is predicted to reach a market size of $485 billion in 2023.
Read More »Western Cities Experience Rent Declines as Midwest Markets Surge
While expensive markets in the West saw significant declines, prices in more affordable areas like the Midwest continued to rise, as affordability helps shape housing demand and lower-cost areas continue to see stronger rent growth.
Read More »Bipartisan Nationwide RON Bill Reintroduced
Sen. Kevin Cramer and Mark Warner have reintroduced a bipartisan bill to authorize remote online notarizations nationwide, allowing notaries and signers to complete the process from different physical locations.
Read More »Millennials: Getting Into Houses Earlier Than Their Parents
A new report from Redfin also reveals that Gen Z took advantage of ultra-low pandemic-era interest rates to make their homeownership dreams come true.
Read More »Housing Demand, Home Prices Remain More Resilient Than Anticipated
According to Fannie Mae's Economic and Strategic Research Group expectations for Q1, the increase in the sales pace from the end of 2022 to the beginning of 2023 revealed that homebuying demand remains buoyant and was unexpectedly responsive to small declines in mortgage rates.
Read More »Industry Response to CFPB/DOJ Statement on Appraisal Bias
The MBA has filed an amicus brief arguing against lenders being held liable for the actions of independent appraisers in instances where bias is concerned.
Read More »Experts Predict Home Improvement Spending to Decline by 2024
Harvard's Joint Center for Housing Studies released its Leading Indicator of Remodeling Activity report, which projects that year-over-year expenditures for homeowner improvements and repairs will experience a near 3% decline through Q1 2024.
Read More »Atlanta Most Sought-After City by Renters in April
According to RentCafe’s Rental Activity Report, in April, apartment hunters in Atlanta added twice as many listings to their favorites lists compared to this time last year, as many renters remain deterred from homebuying due to elevated interest rates and economic inflation.
Read More »Housing Demand Remains High as Home Sales Surge
According to the RE/MAX National Housing Report for March 2023, the expected spring surge has arrived, as an influx of homebuyers entering the market in February spurred a 37.7% rise in home sales.
Read More »Bidding Wars Heating Up for Starter Homes
Entry-level home shoppers are most likely to face bidding wars this spring, as prices rose by 8% annually for the least expensive one-third of houses, while more expensive homes lost value for the first time in more than a decade.
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