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Home improvement spending to soften over next year
Expansion in home renovation paying out is expected to soften following year as less assets homeowners fix up their residences in preparing for sale, the latest report from the Joint Centre for Housing Studies of Harvard University said. The analyze forecasts that year-above-12 months gains will slow to 10.1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} by the conclude of the initial half of 2023 from 15.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for the just-finished 2nd quarter and 17.4{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} by the close of this year. Having said that, this year’s pace of progress was well forward of what the JCHS anticipated very last July as that Major Indicator of Reworking Exercise report predicted yearly progress of 8.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} by the next quarter of…
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Luxury Home Buyers Spending Less Amid Inflation and Falling Stocks
The housing market is beginning to feel some effects of rising inflation and interest rates. Even luxury buyers are expected to cut back on million dollar homes, according to an agent. But overall, cash purchases and low supply will keep them buying homes at a similar rate. Loading Something is loading. Buyers of luxury properties are likely to change their behavior amid worsening economic conditions, but they’ll still come off better than the average buyer, the boss of a luxury Florida agency has said. Gerard Liguori is the co-owner of Premier Estate Properties, a Florida-based brokerage that sells properties exclusively in excess of $1 million in value, alongside twin brother…
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Home renovation: Lifestyle changes, aging homes, rising prices spur record spending | Science & Environment
About a year after the onset of the pandemic, Kathy Lange-Novak and her husband, Frank Novak, decided it was time to update their Fitchburg home. After 26 years, the floors, countertops and appliances were showing their age, and the couple thought they needed to upgrade before putting the house on the market. “This is the first time we’ve remodeled anything,” Kathy said. “It needed an overhaul.” Like so many Americans, the recently retired couple had spent most of the past year at home as COVID-19 health restrictions limited their social activities. “It’s one thing when you go, ‘We could really use new carpeting, but we can go to the movies,’”…
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The Home Improvement Research Institute Predicts Continued Growth for Home Improvement Products Market, with Ease in Consumer Spending Through 2026
Data from the recently released market update indicates a return to pre-pandemic market levels as inflation spikes and households complete home improvement projects Home Improvement Research Institute (HIRI) (PRNewsfoto/Home Improvement Research Institute (HIRI)) INDIANAPOLIS, April 28, 2022 /PRNewswire/ — The Home Improvement Research Institute, the nation’s leading resource for market research concerning the home and building products industry, has forecasted consumer spending on home improvement products will steady after two years of extreme demand following the COVID-19 pandemic. Rising inflation, reduced real household income and completed projects led HIRI to forecast that overall consumer market sales will increase by 2.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 2023 to $382.5 billion. This research was conducted in…
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Top Real Estate News for Friday, Nov. 19, 2021: 2 REITs and More Fed Spending
A mall giant and a nursing home REIT could benefit from more public spending, two Fools parse out residential iBuying, why UWM stock surged today, outer space commercial real estate, and don’t sleep on the pandemic. Two REITs that would benefit from the government putting more money into the economy With an infrastructure bill now signed into law and a huge package addressing social spending and climate change passed by the House today, now might be a good time to look at real estate investment trusts (REITs) that could benefit from more government money going into the economy. Motley Fool contributor Reuben Gregg Brewer picks out mall giant Simon Property…
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PAC spending in Seattle elections tops $3 million with late surge in real estate, business money
Political action committees have built far more than $3 million in unbiased expenditures in Seattle’s elections this 12 months, placing a record many thanks partly to a late surge run by donors from the actual estate and business worlds. PACs with such donors have poured nearly $800,000 into races for mayor, city legal professional and Metropolis Council soon just before Tuesday’s ballot deadline, with Seattle for Typical Sense, Change Seattle and the Nationwide Association of Realtors Fund each and every reporting large expenses in the previous pair of months. Their shelling out follows earlier, even bigger outlays by PACs dedicated to serving to mayoral candidates Bruce Harrell and M. Lorena…
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