All articles tagged with #home improvements
The government announced a crackdown on rogue builders by launching a trusted-traders database and a milestone-based, escrow-style payment system to protect homeowners, while signaling tighter oversight of private bailiffs; the plan aims to curb losses and complaints in home renovations, though critics say it may add red tape for legitimate firms and may not fully stop unscrupulous operators.
The article discusses the impending expiration of key clean energy tax credits in the US, including incentives for electric vehicles, home energy upgrades, and solar systems, urging consumers to act quickly before these benefits disappear by the end of 2023 to maximize savings and support decarbonization efforts.
Mortgage rates have decreased for the second week in a row, with the 30-year fixed-rate mortgage averaging 6.35% in the week ending May 11, down from 6.39% the week before. The decrease is attributed to progress on inflation, which is expected to decelerate over the remainder of 2023. While the decline in mortgage rates is good news for prospective homebuyers, housing supply is still too low in many parts of the country, and sellers are facing increasing costs of home improvements prior to selling due to high inflation.