Top 10 Places With Highest Share of ‘Equity Rich’ Homes – Agbelo News

As home prices climb, the number of homes considered equity rich is growing nationwide, but some areas are outpacing others. A home attains an equity rich status when a loan balance secured on a property is less than 50% of the home’s estimated market value.

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Building Materials Press Even Higher – Agbelo News

New-home buyers are facing higher prices, and a big reason is escalating building costs. Building material prices are up 19% over a year ago, according to a report from the Bureau of Labor Statistics. Material costs have jumped by about 36% just since the pandemic began. Many builders are passing on those higher costs to home buyers.

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The Most Popular Spaces to Remodel and Their Costs – Agbelo News

Since the pandemic began, homeowners have been eager to spruce up their spaces. Even recently, homeowners are spending more on home improvement projects than they have—due partially to higher building material costs, but also to a desire to widen the scope of their projects.

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