Check out some of the news we want to share with you this April. From vacation home demand to mortgage trends to what color people like to paint the exterior of their homes, we cover it all. Also learn 15 key things to do regularly to keep your home at it’s peak quality.
Vacation Home Demand Sinks in Post-Pandemic Market
Demand for vacation homes plummeted by 52% from pre-pandemic levels in March, according to new data from Redfin (NASDAQ:RDFN). In comparison, the demand for primary homes were down by only 13%.
Freddie Mac Reports Mortgage Rate Drop
“Mortgage rates continue to trend down entering the traditional spring home-buying season,” said Sam Khater, Freddie Mac’s chief economist. “Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers.”
Mortgage Delinquencies Continue to Fall Nearing Two Years of the Downward Trend
CoreLogic, a global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for January 2023.
For the month of January, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.5 percentage point decrease compared with 3.3% in January 2022 and a 0.2 percentage point decrease compared with December 2022.
5 Most Popular Colors for a Home’s Exterior
The majority of homeowners say they would like to lighten up their home’s exterior with a neutral color palette, according to a new survey of more than 1,400 respondents conducted by The Harris Poll and commissioned by Alside, an exterior building product firm. The top five most popular siding colors for 2023, as identified by survey respondents, are:
- Light gray
- Light brown
- Medium blue
National Association of Realtors
15 Things Homeowners Need to Do Once a Month
Whether you’ve purchased your first home or have decades of homeownership experience, one thing remains the same: timely maintenance is key. Keeping up with your home’s needs prevents bigger problems later on. From larger maintenance projects to cleaning the garbage disposal