Despite Moratorium, Foreclosure Activity on Steep Incline : The number of homeowners in mortgage delinquency or foreclosure was 245% higher in February than a year earlier, according to a new report.
4 Emerging Real Estate Trends : A new Urban Land Institute report states industry leaders are hoping for a “consumer-spending-led economic recovery” from the COVID-19 pandemic.
February 2021 Existing-Home Sales Annual Pace Falls to 6.22 Million : Housing market activity this February fell 6.6% from January 2021, with prices rising and inventory tight.
Material Costs, Delays Disrupt Remodeling Projects : Surging lumber prices, which typically most affect new-home costs, are an increasing burden on homeowners who want to renovate.
Homeowners Are Taking on Bigger Remodeling Plans : More people are undertaking larger home projects, like expanding and rearranging floor plans for dedicated home offices and other livability needs.