Amid market jolt, hiring continues in residential development sector

Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures. Continue reading

Panthers owner seeks bankruptcy protection for his real estate firm

A real estate LLC operated by David Tepper, the richest owner of an NFL team, filed for Chapter 11 after an $800 million project fell through. Continue reading

Zombie foreclosures post 1st increase since moratorium’s end

The number of vacant properties going through the foreclosure process is on the rise once again, even as fewer total properties lie vacant. Continue reading

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

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

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

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

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

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

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