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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Though mortgage rate lock-in continues to limit new listings, particularly in the New York City suburbs, listings have increased in upstate New York as people have continued to leave the area for warmer climates. Still, with such limited inventory, home prices have continued to press higher.

Mortgage 346
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Will Springer Realtor - Untitled Article

Will Springer Realtor

annually in home improvements across the U.S., Improvements include remodels, replacements and additions to homes. The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

A key takeaway from this year’s report is the impact that rising raw materials costs has had on home-improvement projects. This has caused an average of -3% ROI for all home improvement projects. Here are the top ROI projects for a typical home in the U.S. On to new listings, and we start far away.

Buyers 36