Every contractor I talk to is getting busy, So are we! If you have been thinking about remodeling don’t put it off, contact us now and get on the schedule.
In real estate, nesting is the new flipping
As homeowners struggle to sell their homes, many are deciding to stay put and invest in properties they already love.
NEW YORK (CNNMoney.com) — If flippers were the poster children of the real estate boom, then nesters are becoming the icons of the new housing market.
“We saw a nesting reaction after 9/11, but we’re seeing a stronger nesting reaction now,” said Bob Peterson, president of ABD Design/Build in Ft. Collins Colo. People who have the money are fixing up what they have.”
A proportionally bigger share of the home construction dollar — 20% more during the first three quarters of 2009 compared with the same period last year — now goes to home improvements, according to the U.S. Census Bureau. In October, remodeling spending increased 8.7% compared with September to an annualized rate of $114 billion.
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