‘Storm of rising costs’ is giving some persistent homebuyers an edge

Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75 percent more on the typical mortgage payments than in 2019, according to Zillow. Continue reading

Multifamily sector lone bright spot as permits, starts, completions fall

New residential construction dipped in June, with building permits, housing starts and housing completions ticking down modestly, according to U.S. Census Bureau data released Tuesday. Continue reading

Record number of buyers looking to relocate to ‘affordable’ areas

A record-high number of homebuyers are prioritizing affordability as high home prices and mortgage rates limit their ability to buy homes in many United States cities, according to a new report from Redfin. Continue reading

Manhattan market shows signs of cooling despite sky-high sales in Q2

The residential market continued going strong but showed signs of reaching a tipping point, according to data released by New York City brokerages. Continue reading