Author Archives: Daniel Houston

Lumber prices sawed in half in 2nd pandemic-era plunge

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The price of lumber has taken another dramatic downturn, just the latest wild swing for builders in the cost of home construction. Continue reading →

NYC sting embroils more than 120 companies in fair housing lawsuit

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The lawsuit accuses brokerages and property owners of telling renters at risk of homelessness that their vouchers would not be accepted. Continue reading →

Man arrested for bomb threat that prompted Realtor.com evacuation

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Police have arrested an Illinois man who they say called in a false threat of a bomb that led to evacuations of more than 1,000 workers at nine call centers across five states in late March. Continue reading →

Buyers are still fighting hard, despite costly home payments

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The monthly payment on a typical home is 50 percent pricier than it would have been a year ago, yet competition remains fierce. Continue reading →

What’s next after housing cools down? This economist has an idea

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Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect Now. Continue reading →

Homebuyers descend upon a key battleground: the suburbs

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The pandemic-era home market has been marked by frenzied competition among buyers. But one arena in particular has been hardest-fought. Continue reading →

Black homeownership hasn’t slipped, but vast gulf persists

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In the first quarter of 2022, just under 45 percent of Black families owned their home, compared to 74 percent of white families, according to a Redfin analysis of U.S. Census Bureau data released Tuesday. Continue reading →

First rule of housing bubbles? Don’t talk about them, economist warns

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Zillow Senior Economist Jeff Tucker is skeptical that a housing bubble is looming, but he worries such talk could hurt future buyers in need of homebuilders to continue producing new inventory. Continue reading →

Lumber prices seesaw lower, and some homebuilders aren’t happy

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The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home. Continue reading →