The December 2021 U.S. national housing indicators showed overall housing market activity improvement. However, the total number of unsold homes nationwide is down 16.1% from December 2020. This is a minor improvement from November’s 16.2% decline as the inventory share of listings in pending status increased slightly, a sign that buyers are active even with…

Highlights The median list price of homes in the December U.S. housing market was down from November but 10% higher than December 2020. November existing single-family home sales increased for the third consecutive month. Interest rates remained low in December, but lean inventories and the growth of home prices were constraining sales.

The December national indicators showed improving overall housing market activity. Looming interest rate hikes prompted homebuyers to lock in mortgage rates during a typically slower time of the year. The total number of unsold homes nationwide is down 16.1% from December 2020. This is a minor improvement from November’s 16.2% decline as the inventory share…

One glance at your tired and out-of-date kitchen might suggest that a renovation is necessary. After all, who would be interested in buying a home with limited counter space, unsightly cabinets, dim lighting, and ancient appliances? However, when considering kitchen renovations, questions about cost and whether you could recover the renovation costs when you sell…

Remodeling and upgrades can help increase the return on investment (ROI) of a home; however, it is unlikely the homeowner will recoup the total cost of most upgrades. Generally, an upgrade project must fix a design or structural flaw to recover the construction cost. According to Angi.com, the average homeowner in the United States spends…

Like most everything, home values are generally subject to the law of supply and demand. However, determining a home’s worth can be difficult due to the current economic conditions, location, comparable area sales, interest rates, and other factors. Knowing a home’s current value means greater control for the homeowner. Why Understanding Home Values is Important…

November’s national housing market indicators showed overall improvement. Although home values are trending up in most large markets, the inventory of homes for sale is trending down, and the number of homes on the market continues to be limited. Due to the shortage of homes for sale, many homeowners have been reluctant to put their…

Highlights The median list price of homes in the November U.S. housing market is down slightly from October but still lower than a year ago. November was the second consecutive month that annual price gains slowed following a fourteen-month acceleration. Due to a shortage of homes available for sale, many homeowners were reluctant to put…

National housing market indicators available as of November showed overall improvement. While home values are trending upward in most larger markets, the inventory is trending down, suggesting the winter months will be a more competitive market in many areas of the country. Due to the inventory shortage, many homeowners have been reluctant to put their…

Curb appeal is the first impression a potential buyer gets of your home. A home’s curb appeal refers to its attractiveness when viewed from the street and is essential to consider when putting a home on the market for sale. It helps set expectations for potential buyers and positively influences a home’s value and marketability.…