The Home Remodeling Boom: Why America’s Aging Housing Stock Is Fueling a $425B Surge

Did you know that by 2025, nearly 90% of U.S. homes will be over 20 years old? That’s a lot of houses starting to show their age; from outdated kitchens and bathrooms to drafty windows and worn-out doors. For homeowners, this isn’t just a challenge; it’s an opportunity. Enter the home remodeling boo

Nothing New For Existing Home Sales

Existing-home sales held roughly steady in August after tepid uptick in July. That NAR reported a seasonally adjusted annual rate of 4.0 million , down 0.2% from July but 1.8% higher than a year ago. Sales have now hovered near 75% of pre-pandemic norms for three years, reflecting the same constrain

What Can Buyers Demand at Final Walk-through? Here’s How Sellers Can Prepare

The final walk-through is the buyer’s last opportunity to confirm the home is in the agreed-upon condition before closing. It’s when buyers check that repairs are finished, systems and appliances work properly, and the property is clean and damage-free. For sellers, understanding what can buyers dem

Did Rates Have Anything to do With Big Surge in Home Sales?

New home sales surged in August, breaking a two-year stretch of range-bound activity. The Census Bureau and HUD reported a seasonally adjusted annual rate of 800,000 , up 20.5% from July’s revised 664,000 and 15.4% above August 2024’s 693,000. This is the strongest monthly gain since the pandemic bo