Builders continue to confront the same major challenges they have seen over the past year, including competition from the large inventory of distressed homes on the market, inaccurate appraisal values, and issues with their buyers not being able to sell an existing home or qualify for favorable mortgage rates because of overly tight underwriting requirements.
Are lower real estate values keeping you in your current home – even though you were hoping to upgrade? Or, maybe you can’t bear the thought of boxing up all your belongings to move? You’re not alone. More homeowners are staying in their current homes, but remodeling with the idea of improving their quality of life and adding more “live-in value,” according to recent research from Consumer Reports.
Who wouldn’t like an extra set of hands around the house? Or some help with basic everyday activities such as keeping your home comfortable? And if that extra help could also make your home more energy efficient – reducing your utility bills – wouldn’t that be an added bonus?
If something is giving you a hard time, there is one surefire American way to solve your problems: knock it straight to the ground.
That’s the plan that Bank of America and a number of other financial institutions have been initiating lately. And the victims? Hundreds of foreclosed homes from coast-to-coast.
Are you keeping your home longer than you expected, due to the sluggish and uncertain home-resale market? If you are, you’ve got company. Only 43 percent of homeowners believe they would get their asking price if they sold today, according to the latest American Express Spending & Saving Tracker.
The latest options in clay brick offer increasingly green benefits for more sustainable homes that can help homeowners save on major household costs. Naturally organic with virtually no waste, brick helps lower energy costs and upkeep through a maintenance-free exterior that offers superior durability, moisture control, termite resistance, proven stability and enduring beauty.
Generation X –young families and adults ages 31 to 45 – are likely to lead the home buying recovery as it gets underway, according to real estate experts who spoke at an educational webinar produced by the National Association of Home Builders (NAHB) in partnership with Builder magazine
These potential home buyers are most likely [...]
Long gone are the days of homeowners putting in new finishes and appliances in their home and calling it a successful remodel. A new consumer poll from the National Association of the Remodeling Industry (NARI) revealed 49 percent of homeowners consider outcome and design as the greatest determinant of project satisfaction.
When the housing market bubble burst in 2007, it had a devastating effect on an industry that rely on the amercian dream of home ownership.
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