You’ve heard of the open-concept kitchen. How about the open-concept bathroom? It may sound slightly scandalous, but the idea centers on creating a private, waterproof space. It includes all the elements of a luxe bathroom, according to Ferguson Bath, Kitchen & Lighting Gallery’s 2023 Trends & Influences IX(link is external) report.The report called out “wetroom bathrooms” as a hot trend for 2023. The trend has been popu
After a strong jobs report, traders are betting the Fed might raise interest rates two more times this yearThe U.S. labor market remains incredibly strong. Investors can’t decide if that is a good or bad thing.At first glance, Friday’s jobs report seemed to have very little for money managers to dislike. The U.S. economy added a whopping 517,000 jobs in January, while the unemployment rate fell to its lowest level sin
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Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levelsThe number of home showings in the U.S. was down in December compared to one year prior, though a new report suggests the slowdown may be improving.The report, from ShowingTime, reveals that the company’s Showing Index — which is a measure of showing traffic ac
Pending home sales increased in December for the first time in six months, and new-home sales and mortgage applications are rising.New housing data released this week offers hope that the market slowdown may be short lived. Pending home sales rose 2.5% in December, ending a six-month slide, the National Association of REALTORS® reported Friday. New-home sales also rose 2.3% last month, according to the Commerce Department, and mortgage applicati
The interest rate for a 30-year loan is nearly a whole percentage point down from a 7.08% peak just two months ago.Affordability woes are still spooking buyers, but another decrease in mortgage rates could bring them back to the market. The interest rate for the 30-year mortgage averaged 6.13% this week, Freddie Mac reports, nearly a whole percentage point drop from a 7.08% peak just two months ago. This could boost homebuyer confidence and help
Moody’s Analytics finds that renters in the U.S. now pay 30 percent of the median income for the average rent.The typical American renter is now rent-burdened — meaning that 30 percent of the median U.S. income is required to pay the average rent, according to a new report from Moody’s Analytics.“This 30 percent is a symbolic threshold, a milestone,” said Thomas LaSalvia, the director of economic research at Moody’s.Reaching this thre
U.S. economic activity expanded faster than expected in the final three months of 2022, marking a resilient end to a year defined by stubborn inflation, rising interest rates, and battered financial markets.The Bureau of Economic Analysis' advance estimate of Q4 U.S. gross domestic product (GDP) showed the economy grew at an annualized pace of 2.9% during the period, faster than consensus forecasts. Economists surveyed by Bloomberg had
If you’re in a cold-weather climate, don’t let the winter blues bring down your listing’s curb appeal.If you’re in a cold-weather climate, don’t let the winter blues bring down your listing’s curb appeal. Jackie Mosher, co-founder of Dzinly, a company that provides designer-approved digital exterior designs for inspiration, offers a few tips for sprucing up the outside.Brighten the Front Door“Even just a fresh paint coat of the exis
