Builders are less confident about the outlook in new-home construction than in recent months due to a major surge in lumber prices and COVID-19 cases across the country. But buyer demand for new homes remains high nevertheless. Read more.
About half of Americans say they’re considering a move in the next year, according to a study from LendingTree. But where do they plan to move? Read more.
2020 was a year of home renovations. As more homeowners spent time at home, they devoted themselves to sprucing up their nests. Kitchens, outdoor areas, and home office updates were all among some of the most popular projects tackled, according to designers. Read more.
Multi-zone kitchens, upgraded lighting, and oversized rectangle tiles are among the trends sweeping home design in the new year, according to home design website Houzz. The online resource recently released the following 10 trends it expects to get hotter in 2021. Read more.
As people rethink how they use their homes, some design trends that were popular in recent years are quickly fading. For example, the open layout is becoming less trendy as homeowners favor more privacy. Apartment Therapy recently asked designers to chime in on which home decorating trends they think will fall out of style in the new year. Read more.
All-cash deals are rising in certain areas of the country, comprising about 36% of the market nationwide, according to data from realtor.com®. Buyers who can pay all in cash are finding themselves in a prime position in the competitive housing market, as sellers tend to favor those who can. Meanwhile, buyers who must rely on financing are struggling to compete. Read more.
Pending home sales dipped slightly last month but continue to remain elevated compared to a year ago, the National Association of REALTORS® reported Monday. NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.1% in October but are up 20.2% year over year. Read more.
While homeowners may be feeling more neighborly, they also are seeking greater privacy and security. That has sparked an increased demand for residential fences. Read more.
As the pandemic continues, more home buyers are looking for properties that can house their older family members. The goal for these buyers is to keep their aging family members out of senior living—particularly group setting facilities, which have been on heightened alert during the COVID-19 outbreak. This is translating to the desire for larger homes that can accommodate more family members, The Wall Street Journal reports. Read more.
Certain housing trends emerging from the pandemic likely will outlast the virus, real estate professionals predict. “The idea of what is necessary is changing,” Camille Thomas, a real estate professional in Jackson Hole, Wyo., told realtor.com®. “The home has become more than a living space.” Read more.