The housing market is showing some sings of cooling, which may be making more home buyers more optimistic in a competitive market. Thirty-two percent of consumers said in August it’s a good time to buy, up from 28% in July, according to Fannie Mae’s National Housing Survey, a survey of 1,000 U.S. adults. That marks the first sign of progress in home buyer sentiment since March.However, 63% of consumers still say it’s a difficult time to buy
Retailers in the U.S. plan to open more new stores this year than close stores, indicating a hopeful sign for a rebounding sector. The news of more retailers in expansion mode follows a strenuous year of survival for many retailers, in which the COVID-19 pandemic caused many shutdowns in 2020.Grocery, fast-casual, and value stores are the retail leaders that are planning to expand this year, according to the report from RetailSphere. More than ha
Home prices have been rapidly rising, but not everywhere. The housing market is showing some signs of cooling somewhat, which could open the door to potential buyers who the market has shut out. Also, with the growth of remote work—largely expected to remain in some form post-pandemic—house hunters may be able to expand their options and seek out markets offering greater housing affordability.“If you’re working for a company in
Americans want more social distance from their neighbors. A new Pew Research Center study finds a shift in home preferences since the pandemic with more consumers saying they want a larger home, even if it means local amenities are further away.That marks a shift from 2019 when more Americans were desiring smaller houses that were “closer to each other, but schools, stores, and restaurants are within walking distance,” according to the Pew Re
Three out of four homeowners would rather fix or replace appliances than accept a lower offer when selling their home, according to a new survey of about 1,000 consumers from Cinch Home Services, a home warranty company. They believe upgrading the appliances can add more value to their home, too.On average, homeowners believe upgrading their home’s appliances will increase their home’s value by $13,668.About half of homeowners surveyed say th
The Biden administration announced on Wednesday a goal to increase the nation’s affordable housing supply with 100,000 new units available for homeowners and renters over the next three years. To do that, the administration called for a number of new policies and efforts, such as greater financing for manufactured homes and two-to-four unit properties as well as called for state and local governments to reform zoning restrictions that are limit
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Hurricane Ida continues to leave a long trail of destruction across Louisiana, Alabama, and Mississippi. Damages could total between $15 billion and $20 billion, Wells Fargo and Fitch Ratings estimated. Ida is tied for the fifth-strongest hurricane ever to hit the U.S. mainland.Hurricane Ida was predicted to damage 1 million homes along the Gulf Coast once it made landfall. The damage has been so extensive that officials warn it could take weeks
Most renters aspire to be homeowners. But down payment barriers have many concerned if they’ll ever be able to own one day, according to a survey of 2,500 consumers from LendingTree.Eighty-eight percent of respondents said they’d rather own a home than rent. Yet, 48% of renters say they worry about whether they’ll ever be able to buy, the survey shows.Down payment barriers, home prices being too high, and difficulty qualifying for a mo
The suburbs have been in big demand since the pandemic as more families look for more room to spread out, desiring bigger homes and yards.“More people are making the decision to move a bit farther away from work to find more affordable housing where there are still some urban amenities,” Jung Choi, a senior research associate at the Urban Institute, told realtor.com®.Realtor.com® researchers identified their 2021 picks for the best family-f
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