Some of the more popular projects include adding or enclosing a porch. Remodeling demand remains high as more owners see growing equity in their homes.
The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations.
Fed Chair Jerome Powell said there’s been a lack of progress moving towards the 2% inflation target, so a rate cut in the near future is not likely.
The average rate on a 30-year mortgage has increased for five consecutive weeks and is at 7.22%, the highest since November 30.
Before the pandemic, golf communities were seeing a decline in interest. Now, millennial homeowners are discovering the amenities fit their lifestyles.
New study found home sellers see a 13.1% premium in May. The study also found May 27th is the best day to sell a home, with a seller premium of 16.2%.
With hurricane season around the corner, homeowners should take extra precautions to prepare for storms, including performing home inspections.
