Remodeling Demand Surges as Homeowners Choose Not to Sell
Pro Builder
APRIL 25, 2022
Home equity per owner reached a record high of $315K after an inflation-adjusted gain of $95,000 in 2019, incentivizing homeowners to build personal wealth in a high-cost market. . Remodeling demand is on the rise as unfavorable buying conditions cause many sellers to hold their upper ground and give their existing homes a makeover.
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