Home Remodeling is Back

Home remodeling is once again at the 2005 level of activity.  This is another positive index pointing to the slow recovery of the housing market.  The greatest positive is that owner-occupied properties are investing in their homes again as the home prices stabilize.  “As owners become more confident that investments in housing will hold their value, they are beginning to undertake projects to improve their comfort that they had been putting off”, according to the National Association of Home Builders.

The Remodeling Market Index showed increases in all 3 indicators measures: maintenance and repairs, minor additions and alterations, and major additions and alterations.

If you are looking for a home that sweat equity can be gained, contact us today.

 

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Alfy Sprenger, Principal Broker
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