
Remodeling Forecast Says Spending Will Decline This Year
The latest forecast from Harvard University’s Joint Center for Housing predicts that a slump in Americans’ remodeling spending may be in store this year.
The latest forecast from Harvard University’s Joint Center for Housing predicts that a slump in Americans’ remodeling spending may be in store this year.
As slowing multifamily construction underscores a downturn in rental markets, optimists see rental demand holding strong over the long run, and point to favorable demographics as a reason to remain optimistic. But are demographics truly favorable for rental housing?
With many buyers pushed out of the market or further afield from their jobs in recent months, sellers are losing some of their clout, real estate agents and brokers say.