With mortgage rates and home prices at all time highs, 2024 just isn’t looking like the time to buy a home. However, that doesn’t mean you can’t invest in the one you already have, or even purchase a home in need of some, or substantial work. A survey released in early May by Discover Home Loans found that more than half (55%) of American homeowners would rather renovate their current home than move to a new one. This is leading to a surge and significance in repairs and renovations. Many…
Read MoreCategory: Trends
2024 U.S. Houzz & Home Study: Renovation Trends
Houzz released its 2024 U.S. Houzz & Home Study report. The findings are supported by a total of 32,615 users, including 17,713 renovating U.S. homeowners on Houzz about their home renovations in 2023 and plans for 2024. This study is the largest survey of residential remodeling, building and decorating professionals published. Covering a wide range of renovation projects, the survey included everything from interior remodels and additions to home systems, exterior upgrades and outdoor projects. The gathered data is made up of historical and planned spends, professional involvement, motivations and…
Read More