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Home Builders Warn of Significant Affordability Declines
Source: NAHB --- Housing affordability posted a modest gain for average conditions in the first quarter of 2022 as a strong jump in national median income helped to offset a gradual rise in interest rates. However, home builders warn of current deteriorating...
Are There More Homes Coming to the Market?
Source: Keeping Current Matters --- According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes...
Demand For Second Homes Is Way Down From Last Year’s Boom
Source: Redfin --- Demand for vacation homes is way down after last year’s pandemic-driven boom. Mortgage-rate locks for second homes were up 9.1% from pre-pandemic levels in April, essentially unchanged from a revised rate of 8.7% in March and down from 15% in...
Before and After: Flipping the Layout of This ’90s Kitchen Made It Way More Spacious
Source: Apartment Therapy --- Large windows that let in lots of natural light are a gift in any home or apartment, but that gift is rendered almost useless if the windows are blocked by trees or hedges on the outside or walls or half-walls on the inside that disrupt...
In With the New or In With the Old? Top U.S. Cities with Largest Shares of Old & New Homes for Sale
Source: Point2 Homes --- As far as dream houses go, no two are alike: Some homeowners find old architecture irresistible, others are drawn to slick up-to-date features. While there’s no definite correlation between price and building age to back up this preference,...
Best Week For Rates in Almost 2 Years, But There’s a Catch
Source: Mortgage News Daily --- Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception. To understand why, we first need to examine the relationship between stocks and bonds, which is a bit...
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