SFGATE
2 months agoSF real estate
The No. 1 Reason Homeowners Are Dropping a Bundle on Renovations Right Now
Homeowners are spending 60% more on renovations from 2020 to 2023 due to factors like low inventory, rising home prices, and high mortgage rates.
Many homeowners are choosing to invest in renovations for their current homes rather than moving, with 62% planning to stay put for an additional 11 years. [ more ]