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Senior couple posing in front of their home

Seniors: Buying a Home Is Smartest Financial Decision

Beyond the sentimental attachments that seniors have built for their homes, they also believe homeownership was the smartest financial decision they ever made, a new survey says. Nearly three in four seniors—74%—say that purchasing their home was their best financial decision, according to a new survey of more than 1,500 respondents ages 60 to 75 conducted by the American Advisors Group. Further,...

Model toy house surrounded by piles of stacked coins

Home Sales Jump as Buyers Aim to Beat Rising Rates

Existing-home sales rebounded in September as buyers may have felt a sense of pressure as mortgage rates started to inch up. Existing-home sales rose by 7% in September compared to August. All major regions of the country posted increases last month, the National Association of REALTORS® reported Thursday. “Some improvement in supply during prior months helped nudge up sales in September,” says...

President Biden giving a speech commemorating the 10th anniversary of the Martin Luther King Jr. Memorial in Washington, D.C.

Commemorating MLK Memorial, NAR Vows a Fairer Future

The National Association of REALTORS® joined The Memorial Foundation this week to commemorate the 10th anniversary of the Martin Luther King, Jr. Memorial in Washington, D.C. Nearly 20 NAR representatives, including CEO Bob Goldberg and President Charlie Oppler, attended an anniversary dinner Wednesday, where the association was recognized among other memorial sponsors. NAR was one of the first...

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...

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