Happy March 1st! It’s almost spring! (if you ignore the weather reports) These are the articles that caught our attention this week in our Real Estate Resource Roundup.
Home-Renovation Spree Allays Concern Housing Rebound Slowing
Both Home Depot and Lowe’s topped their initial sales forecasts for last year, benefiting from consumers’ eagerness to invest in their homes. The results helped alleviate concern that a slowdown in the housing market’s rebound and sluggish job growth would quell demand for appliances, flooring and paint.
U.S. Housing Markets Face Growing Wealth Inequality
Home prices will rise between 2.1% annually between 2015 and 2018, according to a new report released Wednesday, but those gains mask major differences between the pace of recovery from one community to the next.
Sales of New U.S. Homes Rise to a Five-Year High
Purchases of new U.S. homes unexpectedly climbed in January to the highest level in more than five years, showing an underlying strength in the industry even in the midst of unusually harsh weather.
Housing hungry for listings as spring arrives
It was just a year ago that Chris Masiello, CEO of Better Homes and Gardens Real Estate/The Masiello Group, said housing finally was back in a sweet spot. It appears he was correct, based on his most recent conversation with this local outlet.
Strategies for Buying a Foreclosure in a Seller’s Market
In U.S. News and World Report, Andy Asbury with Better Homes and Gardens Real Estate Area Leaders in Minneapolis discusses his experience in dealing with homes in foreclosure.