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Homeowners’ Renovation Spending Doubled Since 2001

Appraisal Buzz

The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on DSNews. The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on Appraisal Buzz. The remodeling industry has responded with shifts in scale and specialization, according to a study by Harvard’s JCHS.

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Household Incomes Hit Hard by High Housing Costs

Appraisal Buzz

Median rent increased a whopping 21% between 2001 and 2022, while median renter household income increased just 2%. Rapid Rent Growth Rents have grown rapidly across all income groups since 2001: The largest increase was for households earning $75,000 or more, where median rent increased by 27%, to $1,800 in 2022.

Investing 434
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Pending home sales plummet to all-time low in May: NAR

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. According to industry analysts, this is the lowest index reading recorded since NAR began collecting the data in 2001. The PHSI fell 2.1% from April to a reading of 70.8 in May, which was down 6.6% on a yearly basis.

Inventory 501
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Keller Williams named to yet another profit-sharing lawsuit

Housing Wire

Jana Caudill was a sales associate with Keller Williams from February 1, 2001 to December 14, 2011, and Dennis Caudill was a sales associate with Keller Williams from February 1, 2001, to December 14, 2011. District Court for the Northern District of Indiana.

Brokerage 475
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Pending home sales bounce back in June: NAR

Housing Wire

A reading of 100 is equal to the level of contract activity in 2001. According to industry analysts, May’s index value was the lowest reading recorded since NAR began collecting the data in 2001. The index rose from a reading of 70.8 in May to 74.3 in June, although the latter reading was down 2.6% on an annual basis.

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Pending home sales jumped in September behind lower mortgage rates

Housing Wire

An index reading of 100 equates to sales activity in 2001. “A According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March.

Mortgage 476
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Pending home sales were flat in April, but the South is a bright spot

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. The South’s pending home sales activity is similar to that of 2001, but the Midwest’s activity has decreased by 22% in that same period, and the Northeast and West regions are both about 40% lower than they were in 2001.”

Inventory 397