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Fewer U.S. homeowners moved in 2019 than ever before

What do Americans do when so few new homes are being built? Remodel, according to the latest report for Buildfax.  According to the housing data and analytics company, 2019 marked the lowest rate of mobility in the U.S. since the…

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Housing market challenged by a dearth of construction workers

One of the biggest challenges facing the U.S. housing market is a dearth of construction workers that’s keeping homebuilders from meeting the demand of an expanding population, according to Federal Reserve Governor Michelle Bowman, one of the people who votes…

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Home renovation boom expected to weaken in 2020

U.S. homeowners are expected to spend less on home improvement and repairs over the next year, according to the Leading Indicator for Remodeling Activity from Harvard University’s Joint Center for Housing Studies. Annual gains in homeowner expenditures for improvements and…

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Foreclosure filings fell to a record low in 2019

Foreclosure filings fell to a record low in 2019, according to a report Thursday from ATTOM Data Solutions. The report showed that foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 493,066 U.S. properties last…

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Homebuilder confidence weakens in January

Homebuilder confidence slightly fell this month thanks to labor and supply concerns, according to January’s Housing Market Index. The National Association of Home Builders and Wells Fargo, which publish the monthly report, revealed sentiment slipped by one point to 75. “With the Federal Reserve on pause…

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Mortgage rates inch forward to 3.65%

This week, the average U.S. fixed rate for a 30-year mortgage averaged 3.65%. While this percentage is slightly above the previous week’s average, it’s still 80 basis points below the 4.45% of the same week last year, according to the Freddie Mac Primary Mortgage Market…

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