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Tag: Changed

Is the Fall a Good Time to Buy a House? This Year, Things Have Changed.

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Dreamstime

Coronavirus sent the U.S. housing market for a spin this summer as demand outstripped supply—and the highly competitive environment appears to have continued into the fall.

“Normally, this last week of September is sort of a buyers’ sweet spot,”
Danielle Hale
, chief economist at Realtor.com, told Barron’s. In a typical year, September is when buyer demand decreases as home listings remain on the market, resulting in more options and less competition, she said.

But that was not the case this year. Homes spent an average of 54 days on the market nationally in September, 12 fewer days than the same month last year and three fewer than in August 2020, according to a Realtor.com study. That’s an unusual occurrence during a month when market activity normally begins to slow. This was the first year since at least 2016 when homes spent less

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4 Ways COVID Has Changed Home Design

There’s no place like home. 

The phrase has always been true, but especially in the last six months. What used to be a place to return to after a long day now serves multiple purposes to people all day, every day. The home is now an office, school, restaurant, gym, playroom and more. 

And with most people around the world spending significantly more time in their homes than ever before, change has inevitably occurred. 

Spending so much time at home leaves people to look at their homes and want to make changes. Research has found that 70% of Americans have completed a home improvement project during the pandemic, with more projects planned for 2021. Consequently, sales and stock prices for companies like Home Depot, Lowe’s and Sherwin Williams have seen tremendous growth in recent months. 

Home design changes and improvements have long been linked to pandemics. In fact, the

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