New-home sales rebounded in June, but builders warn that affordability concerns persist.Sales of newly built single-family homes rose 7% last month to a seasonally adjusted annual rate of 646,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. New-home sales for 2019 are 2.2% higher than the same period a year ago.But while the numbers were positive in the latest new-home
In a bathroom remodel, homeowners have a lot of choices, from tubs, sinks, tile, and more. But it’s the small details that could have some big impact. Realtor.com® recently featured an article on the smaller details that can help elevate a bathroom’s look, including:A luxe showerhead“These days, many people opt for massaging showerheads and models that can remember your temperature preferences,” Rob McDowell, a master plumber with All St
Despite mortgage rates dipping below 4%, more jobs filled than ever before, and record-high consumer net worth, existing-home sales turned south in June, running at a pace similar to 2015 levels, the National Association of REALTORS® reported Tuesday. While economic indicators portend a strong housing market, low supply on the lower end—which leaves first-time home buyers with few options—is helping to hold sales back, NAR Chief Economist La
Real estate in the nation’s 100 largest markets is expected to continue to appreciate into next year, although some leveling is expected. Veros Real Estate Solutions, a risk management and predictive analytics firm, projects appreciation will be at 3.7% over the 12 months ending June 1, 2020.“This flattening indicates that although there is definite softness overall in the housing market, the fundamentals are healthy,” says Eric Fox, Veros
Very few home inspections ever come back completely clear. Indeed, 86% of buyers who recently had a home inspected said their inspector identified at least one problem, according to a new survey from Porch.com, a home remodeling resource, which surveyed about 1,000 buyers who hired a home inspector during their home purchase.Some of the most common issues uncovered threatened the essential components of a home too. In a fifth of the cases, the ho
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More homeowners are leaning towards maintenance-free faux turfs for their yards, according to landscapers.Architect Christopher Brandon of Brandon Architects in Costa Mesa, Calif., told The Wall Street Journal that about 75% of the projects he does for modern-style homes now ask for artificial grass. Since faux turf does not require water and the green stays vibrant all year long, there is virtually zero maintenance. Bran
Paint can make a big difference and give fresh life to the interior and exterior of a home. Having a new hue can improve a room’s appeal, but making the wrong choice can ruin it.Design experts recently shared some of the most common painting mistakes with Apartment Therapy, including:1. Selecting baby hues.“I cringe when I see baby blue walls,” Alessandra Wood, an interior design expert and vice president of style at Modsy, t
Florida and its sandy beaches may be thought of as prime getaway territory in the U.S., but it doesn’t have the highest concentration of vacation homes in the country. Instead, that title goes to Maine, according to a new study from IPX 1031, a 1031 exchange resource. IPX 1031 analyzed data from more than 29,000 census-designated locales across all 50 states to identify the states with the highest percentages of vacation pro
Homebuilders say they are stretching their focus beyond higher-priced homes for move-up buyers. A greater inventory of affordable homes that cater to newbie buyers is coming. However, challenges remain—such as higher costs of building materials, labor and lot shortages—but builders say they know the market is eager for more new homes for first-time buyers, and they’re positioning themselves to answer the call.Few builders “can compete and
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