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Free Report: The Remodeling Market in Transition

By
Real Estate Agent with Realty Advisor Group at Keller Williams

The home improvement industry, much like the broader housing market, experienced a severe downturn, but a report by the Joint Center for Housing Studies of Harvard University finds that prospects for growth are already developing.

home-remodeling1"As the housing market stabilizes and the broader economy begins to recover, remodeling activity will return to a more normal pace of growth. As credit conditions thaw, owners will find it easier to finance their home improvement projects. As home prices edge back up, owners will again see the wealth-building benefits of investing in their homes. And as sales pick up, recent buyers will want to make improvements as they settle into their new homes.

Of the sources of demand that are most likely to boost improvement spending, three stand out: the increasing need to upgrade the rental housing stock, ongoing growth in the immigrant homeowner market, and emerging interest in sustainable remodeling projects."

Download a free copy of the entire report here.

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