Interest Rates

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Eye on the Economy: Glass Half Full or Half Empty?

Zonda’s Ali Wolf and Tim Sullivan try to make sense of the contradictory data... More

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Will Housing Demand Outweigh Economic Uncertainty?

Buyers are out in force and builders are ready to sell them houses, but... More

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COVID-19 Update: 'We’ll Feel Good When …'

Zonda’s Ali Wolf and Tim Sullivan anticipate strong housing performance in the... More

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Housing And The Most Confusing Economy Of Our Lifetime

Despite overall economic uncertainty, here's why housing appears to be getting... More

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IBS 2019: Economist Sees Correction on the Horizon

A shortage of entry-level houses and rising interest rates will influence the... More

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IRS: Interest on Some Home Equity Loans Still OK Under New Tax Law

Interest paid must be used for buying, building, or substantially improving a... More

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Do Better Deals for Homeowners Mean More to Spend on Remodeling?

Remodelers and industry insiders consider the impact of dropping home prices and mortgage interest rates on a potential new sector of remodeling clientele. More

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In financing, no one size fits all

Most contractors find that people who finance home improvements tend to spend more than those who pay cash. Contractors who understand the various types of credit products and know how to present them will be more likely to lead the customer to make the decision to finance. More

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Things Are Looking Up

The Conference Board's index went from 79.6 in October to 84.1 the following month. According to the U.S. Bureau of Labor Statistics, the seasonally adjusted unemployment rate for construction workers this October is nearly 10%, up significantly from 8.3% a year ago. More

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Sluggish Recovery

At 49.3 in the third quarter, the RMI for current conditions is down from 52.7 in the second quarter; the Future Expectations Index dropped to 48.0 from 52.2 a quarter earlier. Consumer confidence Consumer confidence fell for the fifth straight month in October. Second mortgage interest rates were about 5.13% in October vs. the record low of 5.11% in September. More

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