Most Americans want to own a home at some point in their life, and they say they’re willing to make sacrifices to achieve it. For some, that means forgoing alcohol or vacations for a year to save. But others say they’re willing to give up having kids in order to have their dream home. About 60% of recent survey respondents say they’d prefer their dream home over 40% who said they’d prefer kids first, according to a new survey from Cinch Home Services, a home warranty firm. Read more.
Prices for building materials have climbed 19.4% over the last 12 months, increasing 13% in 2021 alone, according to Bureau of Labor Statistics data. Read more.
As home listing prices break another new record, more homeowners are looking to take advantage and list their homes for sale. New listings in June rose 5.5% year-over-year and are up 10.9% over the prior month, according to a new report from realtor.com®. Read more.
In the frenzy of the hot housing market, more buyers are being drawn to older homes for their historic charm. But where are older homes best available exactly? Read more.
The big question since the pandemic: Will workers return to the office or is remote work here to stay? Already, some commercial forecasters are surprised by the reversal of what they thought would be a lasting desire to work from home. Office spaces may once again grow in demand soon. Read more.
The U.S. housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. That type of soaring housing market is prompting more “bubble” fears in some corners, but economists say the housing market isn’t getting overinflated. Read more.
COVID-19 restrictions last year led to many seniors feeling cut off and unconnected as they sheltered in. Now, many senior living condo and apartment operators are using digital services to help keep their residents more connected. These digital tools and services aim to fight social isolation using a wide range of gadgets and techniques, such as video chat apps, virtual assistants, livestreamed fitness classes, and virtual reality day trips. Read more.
The pandemic is exacerbating a crisis for middle-income frontline workers searching for homes, according to a new study from the Urban Land Institute’s Terwilliger Center for Housing. Read more.
Home remodeling has surged since the pandemic began, but many of the projects initially were smaller in scope. That is reversing as homeowners decide to go bigger with their renovation plans and beyond the DIY projects that dominated during the early stages of the COVID-19 outbreak. Read more.
Home maintenance affects value over the long run. Yet, homeowners admit they know very little when it comes to how to properly maintain a lot of the appliances and systems in their home. Read more.