Items Tagged with 'Home renovations'

ARTICLES

  • Older homeowners are spending big on home improvements

    Harvard study says aging homeowners will drive this market
    Home improvement spending continues to trend upward, with the latest data from Harvard’s Joint Center for Housing Studies putting the aggregate total at a new high of $424 billion. The home improvement sector can thank the Baby Boomers for that, as research shows older homeowners are spending big on home renovations and aren't expected to slow down anytime soon.
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  • Study reveals generational divide in HELOC use

    Millennials more likely to use proceeds on things other than home renovation
    Most of the time, when a homeowner takes out a HELOC, the plan is to use the proceeds to fund home renovations. But a recent survey of 1,003 HELOC or future HELOC borrowers by Citizens Bank revealed that younger borrowers are much more open to using the loan for things other than home renovation, shedding light on a generational divide in the way homeowners utilize their home equity.
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  • Home renovation experts warily optimistic about 2019's market

    Experts cite the economy as cause of concern
    A lack of affordability has prevented many Americans from re-entering the housing market, leading to a surge in the home renovation market. However, in its 2019 home renovation forecast, Houzz explains that although the remodeling industry is likely to have another successful year, many experts are proceeding with caution.
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  • Survey: Half of Boomer homeowners plan to age in place

    Most say they plan to borrow from their equity to make it happen
    More than half of Baby Boomers plan to age in place, electing to renovate in order to meet their changing needs, according to a new survey released by Chase and Pulsenomics. With home prices appreciating at a healthy clip, many older homeowners may look to their equity to fund home improvements.
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  • HUD says Homebridge is the industry's top renovation mortgage lender, again

    Mortgage lender holds title for second consecutive year
    Amid inventory and affordability concerns, homeowners are increasingly turning to home renovations to meet their housing needs. While several lenders offer renovation mortgages, the U.S. Department of Housing and Urban Development has revealed that Homebridge Financial Services leads the pack for the second consecutive year.
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  • Youngest homeowners deemed most likely to remodel

    Tend to turn to savings instead of equity
    A new Bankrate survey shows youngest homeowners are the most prone to making home improvements in the near future. About 52% of homeowners planning a project over the next year indicate they want to work on their home's exterior. See how the ages break down.
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  • Tour the farmhouse of the stars of HGTV's Fixer Upper

    It’s as beautiful as you would imagine
    They’re America’s favorite HGTV duo and the team everyone wishes they could have their home redesigned by. So what does the home of the renowned design duo look like then? An article in House Beautiful gave a full tour of the home, and it’s everything you would expect and more.
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