Only 4 Housing Markets Have Fully Recovered From the Pandemic-Here's Where They Are
Inventory levels in the housing market are starting to shift post-pandemic, with some cities seeing higher levels than pre-pandemic years.
Factors contributing to the rebound in housing inventory include homeowner decisions prompted by rising mortgage rates and the construction industry's adaptation to pandemic challenges. [ more ]
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 ]
Finally, America's Home Inventory Is Rising: Here's Where It's Grown the Most
The number of homes for sale in December grew by 4.9% compared to the previous year, and the number of new home sellers entering the market rose by 9.1%.
Despite the increase, the number of homes for sale in December still lags behind pre-pandemic levels in 2017 to 2019. [ more ]