Affordability Constraints Fueling Renovation Projects

August 23, 2022 Demetria Lester

With the housing market gradually returning to pre-pandemic norms and mortgage rates surging over 2.5 percentage points in 2022, many homeowners are choosing to renovate their living spaces rather than search for a new home. According to a new study by House Method, 55% of homeowners reported renovating a part of their home in the ...

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