• Remodeling Spending to Spike

    26 days ago - By RIS Media

    Across 50 of the largest major markets, home remodeling spending will spike this year, according to findings released by the Remodeling Futures Program at the Joint Center for Housing Studies at Harvard University. Expenditures for home remodels will rise by 5 percent in 41 of the 50 markets, and by 10 percent more in 11-the latter including Charlotte, N.C., Dallas and San Antonio, Texas, and Kansas City, Mo.
    “Spending growth is projected to be particularly strong in many of the nation's more affordable markets,” says Chris Herbert, managing director of the Joint Center for Housing Studies...
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  • Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years”

    Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years”

    26 days ago - By The Economic Collapse

    The housing market indicated that a crisis was coming in 2008. Is the same thing happening once again in 2018? For several years, the housing market has been one of the bright spots for the U.S. economy. Home prices, especially in the hottest markets on the east and west coasts, had been soaring. But now that has completely changed, and home sellers are cutting prices at a pace that we have not seen since the last recession. In case you are wondering, this is definitely a major red flag for the economy. According to CNBC , home sellers are “slashing prices at the highest rate in at least...
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