The average Canadian home now costs double what it does in the US

Between 2020 and 2022 Canadian home prices have surged 30 percent — an increase described as “nothing short of stunning” by economist Robert Hogue in a report for the Royal Bank of Canada. Continue reading

Inflation hits 8.5%, highest mark since 1981. Housing is only part of it

Rents rose by 0.4 percent from February to March — a slowdown from recent months even as gas and food costs spiked, according to the latest Consumer Price Index, released Tuesday Continue reading

It’s official: Inflation ramps up to fastest annual pace in 40 years

It’s not just the housing market. The prices of U.S. consumer goods have been rising faster than at any 12-month period since 1982, according to the Consumer Price Index, released Friday. Continue reading

Hispanics most likely to get family help to buy a home: Redfin

Redfin report found that 52 percent of Hispanic homeowners lived with family or friends without paying rent to save for housing costs. Continue reading

Inman Interactive: Explore where US housing costs are highest

This interactive map compares the costs for a typical homeowner in each county in the nation, beyond the principal and interest on their loan. Continue reading

4 financial decisions couples should make before buying a home

Millennial real estate expert Dana Bull shares tips about getting a mortgage, setting a budget, splitting housing costs, and creating a contingency plan. Continue reading

NAR affordability index dips for third straight month

The National Association of Realtors affordability index dipped for the third straight month in May, meaning the typical family had less estimated income to afford a home at the national median price, according to data released Friday. Continue reading

Low mortgage rates are leading to more affordability: NAR

The National Association of Realtors affordability index ticked up in February, meaning the typical family had more estimated income to afford a home at the national median price. Continue reading

Older millennials most likely to lose sleep over housing costs

Nearly one-fifth (17 percent) of adults aged between 28 and 37 say they lose sleep over their ability to pay for housing, more than any other age group, according to a report from Bankrate.com. Continue reading