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MarketMinute | Which front door color can add value to a home?

Jul 8
4:56
AM
Category | Markets in a Minute

  • Minutes from the Fed's June meeting showed it remains committed to bringing down inflation and will raise rates at the July meeting.
  • Jobless claims rose unexpectedly last week amid growing signs that demand for labor is cooling. Layoffs surged to a 16-month high in June.
  • It's a big week for jobs data, but investors will be missing the important ADP data report, as ADP is revamping it this summer.

  • The average cost for materials to build a single-family home jumped 42% from 2018 to 2021, adding thousands to the price of a new home.
  • A Zillow study found that a black front door is associated with higher offer prices, while pale pink could negatively impact value.
  • High prices driven by over-bidding and low inventory are being tempered as some sellers are now rolling back asking prices.

 

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