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one example of the ways homeowners can counter the prolonged housing slump. Sales erf previously owned homes fell to a five-year tow by the end of summer, according to the National Association of Realtors. Home prices dropped 3.9 percent over the past year, according to the S&P/CaseShiller home-price index measuring 20 U.S. cities. The two surveys were released in late September
That means there are more homes for sale, and they’re staying on the market longer. Fueling the situation, prospective buyers face higher costs and stiffer requirements to obtain loans. The trend is projected to last into 2008 and possibly 2009, according to both Realtors and Moody’s Investment Service.
Environmentally
friendly and
other tips
Here are some additional tips for remodelers to counter the downturn, maximize their home values, and attract buyers:
• Consider building with
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