The time it takes to buy a home can be a long process. According to a December 2021 Bankrate.com article, the average time to close on a home with a conventional mortgage is about 51 days. Some lenders are very efficient and can shorten that time by a few days. Government-backed FHA and VA loans … Read more
Highlights The median list price of homes in the December U.S. housing market was down from November but 10% higher than December 2020. November existing single-family home sales increased for the third consecutive month. Interest rates remained low in December, but lean inventories and the growth of home prices were constraining sales.
The December national indicators showed improving overall housing market activity. Looming interest rate hikes prompted homebuyers to lock in mortgage rates during a typically slower time of the year. The total number of unsold homes nationwide is down 16.1% from December 2020. This is a minor improvement from November’s 16.2% decline as the inventory share … Read more
Remodeling and upgrades can help increase the return on investment (ROI) of a home; however, it is unlikely the homeowner will recoup the total cost of most upgrades. Generally, an upgrade project must fix a design or structural flaw to recover the construction cost. According to Angi.com, the average homeowner in the United States spends … Read more
