Source: Money Wise —
If you’re thinking of renovating, you’re not alone
The housing market is a confusing place right now. More houses are finally becoming available, but prices are still up 10% over last year, according to Redfin. And with interest rates rising, it isn’t just hard getting on the property ladder now, it’s tough trying to move up it as well.
“It’s so hard to actually find the perfect house in the perfect neighborhood,” says Eric Finnegan, vice president of research and demographics at John Burns Real Estate Consulting, which delivers analysis on the housing market to clients such as builders, realtors and investors.