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Man and a woman inspecting a brand new washing machine

No Relief in Shortages of Appliances, Furniture

High demand for home products continues to cause supply chain disruptions throughout industries related to real estate. Shortages of appliances, furniture, and building materials are most acute and not expected to ease any time soon. The problem largely began at the start of the COVID-19 pandemic. Lockdowns—during which time demand soared as many people started remodeling their homes—disrupted...

Wildfire burning a local field

Wildfires May Reheat Lumber Prices

Dozens of raging wildfires in the West are threatening to send lumber prices soaring again. Lumber prices had been cooling in recent weeks, giving builders—and, ultimately, new-home buyers—hope for more affordability. Remodeling costs also were set to benefit. But the relief may be short-lived, as lumber producers are warning price hikes are on the horizon if the Western wildfires aren’t...

A typical condo building

Condo Demand Rebounds After Pandemic Slowdown

Competition for condos is growing fierce, as most are selling above list price and in a record 22 days, according to a Redfin analysis of nationwide MLS data and public county records. Additionally, existing condo and co-op sales in June surged nearly 57% year over year, the National Association of REALTORS® reported Thursday. Nearly 42% of condos sold above their asking price—more than double the rate...

Section 8 housing voucher form

Housing Choice Vouchers (Section 8 Rent Assistance) Are Not A “Lawful Source of Income” In Wisconsin

Posted by Tristan R. Pettit, Esq. in Fair Housing / Discrimination, Protected Classes, Screening Tenants I am often asked whether or not a landlord is able to legally decline to rent to a tenant that is receiving "rent assistance." I believe that the primary reason that landlords are unsure of the answer to this question is because Wisconsin's Open Housing Act (Sec. 106.50, Wis. Stats.) prohibits a...

A simple house plant sitting on a small living room table

5 Indoor House Plants to Consider for Your Staging

Plants can help brighten indoor spaces and may offer other mental and physical health benefits. As such, it’s no surprise indoor plants are one of the favorite accessories of home stagers. Research has linked indoor plants with reduced stress, increased productivity, and improved quality for the home’s air. Some of the most effective house plants to improve the air quality are areca palms, Boston...

New home being constructed

Builders Rush to Produce More Homes

Homebuilders started on more homes at the end of the year, up by double-digit margins and the highest construction numbers since September 2006. But rising lumber prices and increasing regulatory costs pose risks to future production, the National Association of Home Builders notes. Overall housing starts, reflecting single-family and multifamily construction, rose 5.8% in December 2020 to a seasonally...

An African-American man and woman moving into a new house together

Report: Minorities to Fuel Household Growth

All net household growth over the next two decades will be from minority households, a new report released from the Urban Institute finds. Between 2020 and 2040, researchers project about 16.1 million net new households will be created. In that time period, Hispanic households are expected to increase by 8.6 million, Black households will grow by 3.3 million, and households of other races—mostly Asian...

Close up image of someone writing a check to their mortgage company

Mortgage Rates Continue to Hover Near Record Lows

For nearly a year, mortgage rates have remained near historic lows. The 30-year fixed-rate mortgage fell this week to average 2.77%, Freddie Mac reported. Its lowest average on record was 2.65%, recorded earlier this January. “We’re now seeing rates fluctuate a bit as political and economic factors drive Treasury yields higher,” says Sam Khater, Freddie Mac’s chief economist. “However, we...

The United States white house

Biden Sworn In, With Real Estate on Agenda

Joe Biden was sworn in as the 46th U.S. president on Wednesday, taking the reins in the nation’s response to the COVID-19 pandemic and the ensuing economic shakeout, a deeply divided country, and a host of other challenges. But he’s already signaled that several real estate issues are on his administration's to-do list. The National Association of REALTORS® applauded Biden's inaugural speech that...

Map of the United States representing real estate community associations by state

Record Number of Homeowners Live in HOA Communities

A new housing report shows 73.9 million Americans reside in a community with a homeowners association or condominium board. That is more Americans than ever, according to the Foundation for Community Association Research. California now leads the nation with 49,200 associations, followed by Florida, with 48,500; Texas, with 21,000; Illinois, with 18,800; North Carolina, with 14,100; and New York, with...

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