The kitchen is often considered the centerpiece of a home, so it’s not surprising that it tops most homeowners’ renovation lists. Homeowners are spending more to outfit their kitchens, too. Kitchen remodel spending jumped 27% in the past year, reaching a median of $14,000 on upgrades, according to a newly released Houzz & Home survey of more than 140,000 homeowners.After the kitchen, the next biggest remodeling expenditures are for guest
A recent sharp drop in mortgage rates hasn’t unlocked savings just for those looking to purchase a home—homeowners may also benefit. About 5.9 million borrowers could see their rates drop by at least 75 basis points by refinancing their mortgages, according to Black Knight, a mortgage software and analytics firm. That is up by 2 million in the past month alone.That’s the largest population of eligible borrower candidates in nearly three yea
Homebuilders and many housing analysts have been thinking about the evolving housing needs of the 55-plus age group. The size of the group commands special attention alone: Baby boomers (born between 1946 to 1964) stand at 76 million and are on the brink of a housing change in the coming years. The housing industry wants to be ready.For the first time in U.S. history, older Americans will outnumber children by 2035, according to U.S. Ce
Builders who typically serve the homebuying market are beginning to allocate some of their real estate stock to the rental market, hoping to capitalize on strong rental demand. Toll Brothers is leading the charge, putting $60 million into a build-to-rent venture. The company initially will target Boise, Idaho; Dallas; Denver; Houston; Jacksonville, Fla.; Las Vegas; and Phoenix. “We are investing in the single-family build-to-rent sector,” Tol
Young adults with low incomes or poor credit histories may ask their parents to co-sign on their mortgage—and it’s a growing trend. The share of co-signed mortgages rose nationwide from 13.7% in 2015 to 17.4% in 2018, according to ATTOM Data Solutions.But there are risks to being a co-signer. “Whoever is co-signing has to bring substantial income because they have to be able to afford the new payments on top of all of their other debt,” E
A great lawn adds instant curb appeal to a home’s first impression, but according to Reviewed.com, homeowners may be making one of these common mistakes in their lawn maintenance:1. Cutting the grass too short. Most grasses should be cut no shorter than 2.5 inches, according to Reviewed.com. Anything shorter could impede the grasses’ ability to absorb enough sunlight to thrive.2. Failing to water enough. Reviewed.com says that most
The number of homes selling at or above list price is on the decline, returning to historical norms, according to CoreLogic’s Home Price Index. That could be a relief to home shoppers whose budgets have been squeezed in recent years as home prices have soared.The share of homes that sold at or above list price dropped to 31.1% in March—about the same level as in 2000 and 2001. That also represents a big change from a year ago. In the second q
Housing analysts warn that President Donald Trump's proposal to impose a 5% tariff on Mexican imports could have a trickle-down effect on the U.S. real estate market, pushing up prices for homes and many household goods. Newly constructed single-family and multifamily units may become more expensive because the tariff would hike the price of homebuilding materials, CNBC reports.Eleven percent of steel imports to the U.S. come from Mexico, accordi
The busy time of year is here and we're working to help make business more productive with the system upgrades. We're still on pace to have the upgrades available this year and this month we brought on 4 new members including Michael Chung dealing the Sacramento area, David Mchone dealing Orange County, Eileen Zhang dealing the Bay area, and Gary Wentz dealing Los Angeles.With busy times, it pays to have listings more so... With listings, you wil
Young adults are all about making sacrifices and lifestyle trade-offs to get them on the path to homeownership, according to a new survey of 1,000 millennials, ages 22 to 38, by Chase Home Lending. Seventy percent of young adults say they’re willing to cut back on weekend activities, such as shopping, going to the movies, and splurging at the spa, at least once a month if it meant they could purchase a home in the next 12 months, the survey sho
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
