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September 2023
Per Zillow, the typical U.S. home value climbed 0.2% from July to August – a marked cooldown after red-hot monthly appreciation in the previous three months. The nation’s typical home value has reached another all-time high, and stands 1.3% higher than last August. After housing market demand and activity peaked for the year in May and June, conditions have loosened in the later phase of summer....
CoreLogic Home Price Insights showed home prices accelerated in July, up 2.5% annually, after 1.6% yearly growth the prior two months. Prices have now risen annually six straight months, and are 5% above their February low. According to the National Association of Home Builders, nearly a third of all listings in July were new construction. Historically, new homes have accounted for only about 10%...
Home Buyers Say 5.500% Is Their Magic Mortgage Rate - That’s the mortgage rate threshold at which many would-be buyers would jump back into the market, according to a survey from John Burns Research and Consulting. 71% of prospective home buyers say they won’t accept a rate on a 30- year mortgage above 5.5%, the survey shows. While the interest rate on the 30-year loan eased to 7.12% this...
Want to give your home a new look without costing you a fortune? Below are some ideas that could help you out. 1. Rearrange and Reimagine: The simplest and most cost-effective way to revamp your home is by rearranging your furniture. Experiment with different layouts to give your rooms a new perspective. Swap pieces from one room to another or even consider repurposing furniture for a fresh take on...
More homebuyers are searching for homes in areas outside where they live. During Q2 this year, 60.3% of listing views in the top 100 metros went to homes in another metro, an increase over the prior quarter and prior year. Home flippers keep making money. Flippers who sold in June typically got 61%—or $188,448—more than their original purchase price. This was down from 69% a year earlier,...
While a big-budget kitchen renovation will yield a floor-to-ceiling makeover, you don’t have to part with tons of cash to yield impressive results. Even just a small investment toward upgrading features like your backsplash, cabinetry, flooring, or lighting can offer a surprisingly big payoff. We asked interior designers to share their best pro tips for upgrading a kitchen without spending a penny...
LABOR DAY American labor has raised the nation’s standard of living and contributed to the greatest production the world has ever known and the labor movement has brought us closer to the realization of our traditional ideals of economic and political democracy. It is appropriate, therefore, that the nation pays tribute on Labor Day to the creator of so much of the nation's strength,...