Thanks to the continued housing market recovery, homeowners are expected to increase their home renovation projects, according to a report issued this week by Harvard University’s Joint Center for Housing Studies. JCHS Managing Director Chris Herbert weighs in on what this means for many markets across the country.
- A new report shows homeowners are expected to increase their home renovation projects this year.
- The question remains whether labor availability and consumer financing will be equipped to meet this increased demand.
- Agents would be keen to keep an eye on how this trend may affect the listings in their area.