Both elevated demand and increased home prices link to reduced interest rates and reductions in supply. One reason for the low supply is government restrictions on foreclosures and mortgage protections for buyers. These programs have ended or will end soon. Many people now wonder if fewer protections will lead to an influx of foreclosures.

Homebuilders, contractors, and DIY enthusiasts around the country have experienced the impact of the pandemic on lumber prices. Over the last year, lumber demand and supply have driven prices up, which drive up the costs to build or renovate a home.

Home prices are soaring around the country making it a challenging time for buyers. One factor impacting the increase in home prices is the high price of lumber. The price of lumber has increased by 30% over the last year due to increased demand and decreased supply.

2020 has been a year full of surprises and challenges. From COVID-19, to an unpreceded hurricane season and more, we’ve faced a tough year. When we rang in the new year, we had no idea the shifts we’d have to make to keep our business running this year. Yet, our dedicated customers and faithful community supported us. For that, we at Kenco Home Inspections are abundantly grateful!

Fall is in the air or at least on the calendar to begin in September. The start of fall is the perfect time to take care of fall maintenance and get your home ready for winter. While southeast Florida doesn’t experience the winter weather seen in other parts of the country, the transition to autumn does offer the opportunity to clean up from summer storms.

As Florida reopens the state amid the COVID-19 pandemic, local businesses and residents need information about how to prevent the spread. Kenco Home Inspection will follow the CDC guidelines to keep our team and clients safe.