Four Small Upgrades That Improved Our Readers Properties
The Leading Indicator of Remodeling Activity, an outlookmeasuring home improvementand restore spending on owner-occupied properties, peaked at 17.3% within the third quarter of 2022. The LIRA has been declining since, and slid 1.2% in the first quarter of 2024 compared to the prior quarter. But because the Federal Reserve lifted rates of interest to more-than-20-year highs to quell inflation, mortgage charges rose, too. By the top of last year, 30-year rates flirted with 8%, cooling present home sales to an annual rate of round 4 million, as extra would-be buyers held back. …

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