The housing market has been struggling to keep up with the demand for the past decade. The pandemic has led to a surge in demand. The median sales price of a home has risen 16% from last year and they have increased even more in some regions of the country like the Northeast and West, which are both up 21% from last year. The inventory of homes for sale declined by about 30% annually in February 2021, a record drop.
Things To Do
When looking for your next home, which is better, building new or remodeling an existing home?
Either option involves a fair amount of planning and communication… which often is daunting. It does not have to be that way though. In this article, we are going to highlight some helpful things to consider for each.