As COVID-19 vaccines roll out, real estate experts are considering their impact on the trajectory of the housing market.“We’re going to settle somewhere in between where we were before COVID and where we were during COVID,” Danielle Hale, realtor.com®’s chief economist, recently said.Many real estate forecasters are predicting that more inventory will arrive over the coming months as vaccine distribution gains momentum. Some would-be hom
Customized appliances, vertical laundry room setups, and an increasing number of wellness-inspired home design options were on display Monday at the virtual CES 2021, which runs through Friday. Take a look at some of the trends from this year’s popular tech show that likely will influence home design this year.Samsung's Bespoke refrigerator1. More colorful kitchens. More appliance manufacturers are touting four-panel refrigerators. They of
Retirees are abandoning the familiar destinations and choosing to make their homes elsewhere in the pandemic, increasingly turning to Virginia as their new retirement haven.Nearly 400,000 Americans moved for retirement last year—the highest number in five years, according to a new study from HireAHelper, a moving services website. More retirees are showing a willingness to cross state lines to find a new home: Retirees are twice as likely to mo
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Kitchen storage is a top priority among renovating homeowners, finds the 2021 U.S. Houzz Kitchen Trends Study, based on a survey of more than 2,000 homeowners planning or in the midst of a kitchen remodel. Renovators are paying closer attention to their cabinet and pantry storage.Many of the surveyed homeowners turned their attention to upgrade their kitchen cabinets, either replacing them or refacing the ones they already have. Also, the percent
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Millennials comprise the largest segment of home buyers in the country. Record-low mortgage rates are drawing many into homeownership lately too.LendingTree recently analyzed mortgage purchase requests made on its site through the 50 largest metros in the country from Jan. 1 through Dec. 15, 2020, to see where millennials are most targeting in their home searches. For their study, LendingTree defined millennials as those born from 1981 to 1996.Th
Home buyers’ choices are increasingly limited. The number of homes for sale sank to an all-time low in December, dipping below 700,000 for the first time ever, according to realtor.com®’s Monthly Housing Trends Report. Home buyer demand remains high, causing bidding wars for the few homes on the market. Home prices are up by double-digit numbers compared to a year ago.“The shortage of homes for sale has been an ongoing issue for the last c
Mortgage rates started the year with a new record low. The 30-year fixed-rate mortgage dropped to a 2.65% average this week, the lowest since Freddie Mac began tracking such records more than 50 years ago.“Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates have been offset by rising home prices,” says Sam Khater, Freddie Mac’s chief economist. “However, the forc
Mortgage rates may be at all-time lows, but mortgage affordability continues to worsen due to higher home prices, according to a new analysis by Point2 Homes, an online real estate marketplace.The share of income needed to afford housing continues to rise and monthly mortgage payments are becoming a financial burden in an increasing number of cities nationwide. In 2010, homeowners in 13 large cities were paying more than 30% of their income to co
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