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What to Know About Home Renovations in 2023

Lamacchia Realty

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

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What to Know About Home Renovations in 2022

Lamacchia Realty

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. Cost of Materials.

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Relocation Trends for Buyers in 2022

Appraisal Buzz

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

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Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

Raleigh Real Estate Supply Raleigh is currently in a buyer’s market, which means there are more homes for sale than available buyers. This means buyers have more power to negotiate for lower pricing. While resale homes are spending less time on the market, there are still more homes for sale than buyers in Raleigh.

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What Will It Take to Solve the Housing Crisis? 

Appraisal Buzz

In 2021, more than 90% of builders reported backlogs and supply scarcity. COVID-19 caused breakdowns in the supply chain and labor shortages. Pent-up housing demand, low-interest rates and new buyers have also added to the crisis. Building entire neighbors can encourage large-scale construction. Try Upzoning.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Buyers are finally receiving a break on prices, falling sharply from October for single-family homes and among all home types (single-family, townhome and condo combined). This vision has been more than a quarter century in the making to assemble the land, design, entitle and construct this community,” said James Wong, Vibrant CEO. “And