Key Trends in the 2022 Cost vs. Value Report

Despite sharp cost increases in 2021, the decline in overall ROI in the 2022 report was a modest 1.2%, proving the resilience of the remodeling market.   The 35th annual Cost vs. Value report by Zonda (JLC’s parent company) shows improvement projects that are on the exterior of the house continuing a multiyear trend of providing the

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With home sales down, why are home prices still up?

June’s housing data shows why we needed higher rates Looking at the housing market in the years 2020-2024, one risk I identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. I talked about having a 23% price-growth model for

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Home Sellers Can’t Be Greedy Anymore

As escalating mortgage rates and home prices shrink the pool of buyers, help your sellers understand why they’ll likely need to readjust their expectations.   Home sellers had gotten used to setting sky-high asking prices, and voracious buyers were eagerly bidding them up even higher—until now. As the market shifts more in buyers’ favor, over

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