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Home Remodeling: One Potential Solution to Aging Housing Issues

USA Real Estate News-RISMedia - 8 hours 41 min ago

While new construction is critical in addressing the inventory challenges, experts say that may only partially fix the persisting housing shortage in the United States.

“Over time, aging housing is also likely to increase the rate at which homes deteriorate to the point of functional obsolescence—a factor that would further increase the need to build new housing to replace them,” says David Bank, senior vice president of Rosen Consulting Group (RCG).

The ‘It Girl’ of 2021: Why a Housing Market Crash Is Unlikely

USA Real Estate News-RISMedia - 8 hours 41 min ago

As the real estate market has veered into uncharted territory over the past 18 months, taking the whole industry on a roller-coaster ride of unprecedented surges in demand and price appreciation along with rapidly evolving consumer behavior, many have been asking when and how will it all end? Will the housing market crash?

Home Flipping Activity Rises, But Profits Are Down

USA Real Estate News-RISMedia - 8 hours 43 min ago

Profits for home flips are down even as activity rises, according to ATTOM Data’s second-quarter 2021 U.S. Home Flipping Report. ATTOM found that 79,733 single-family homes and condos in the U.S. were flipped in the second quarter—4.9% of all home sales in Q2 and the first increase in over a year.

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