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Additionally, households led by people of color make greater contributions to the home renovation industry as the population becomes more racially and ethnically diverse; in 2023, homeowners of race accounted for 23% of improvement expenditures, up from 14% in 2003. To read the full report. click here.
Monica has been in the top 1% of Realtors in Orange County year over year since she was licensed in 2003. She is honored to work side by side with her team who are recognized as top performers in Orange County.
“ MSU students printed out over four million pages in 2003… This problem was not unique to MSU. One thing to keep in mind, especially as you do any construction or renovation to your dorm facilities, is outlet access and space. Dartmouth College students were printing over six million pages per year. ”
By comparison, only 33,000 properties were sold at foreclosure auction in 2021, the lowest level since 2003. Our team tries to make every effort to purchase the properties on the front side,” said Mary Tritt, managing broker at Tritt Realty , a Carrollton, Georgia-based company that buys and renovates distressed properties.
Most homeowners finance ADUs through home equity loans, cash-out refinancings and construction/renovation loans. The report also noted that from 2003 to 2019, the percentage of rental ADUs increased, with the number of active rental listings increased from 1.8% Interest in “granny flats” has steadily increased , with 1.4 to 2.9%.
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