MetroIntelligence Economic Update by P. DUFFY Existing home sales edge up 0.2 percent in May, down 20.4 percent year-on-year Existing-home sales recorded a minor gain of 0.2% in May to a seasonally adjusted annual rate of 4.30 million. Sales retreated 20.4% from one year ago. The inventory of unsold existing homes grew 3.8% from the previous month to 1.08 million at the end of May, or the equivalent of 3.0 months’ supply at the current monthly sales pace. The median existing-home price for all housing types in May was $396,100,…
Read MoreDay: June 22, 2023
Hiring An Architect? Questions To Ask First
For the client and the architect to have a better experience, understanding the process of hiring and working with an architect for new home construction or remodeling projects is key, as the process of hiring an architect for a custom home design, or for remodeling rooms and spaces in an existing home, can be rather intimidating. Though all professional services are relative, with vision and training, a space can be transformed into a place that evokes happiness for years to come. According to Acme Brick, “clients don’t need to have everything…
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