Apartment building construction soared 24 percent in February, lifting new housing starts overall despite a weak month for single-family builds, according to data released Thursday by the U.S. Census Bureau. Continue reading
Have we reached the point of no return when it comes to affordable housing? Dr. Lee Davenport and her guest, Georgia State University’s Dr. Dan Immergluck, discuss the peril and possibilities. Continue reading
After several years of bidding wars and waived contingencies, the scales are starting to tip in homebuyers’ favor, according to Redfin’s latest market report published on Wednesday. During the three months ending Feb. 28, 45.5 percent of homesellers of… Continue reading
Builder confidence rose 2 points in the latest National Association of Home Builders’ Housing Market Index, but economists fear lending challenges in the wake of bank failures this month. Continue reading
Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come. Continue reading
The number of U.S. cities where the typical home value was $1 million or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Continue reading
While the Consumer Price Index jumped a modest 0.4 percent month over month, the collapse of Silicon Valley Bank and Signature Bank could keep interest rate hikes at bay, economists said Tuesday. Continue reading
While the Consumer Price Index jumped a modest 0.4 percent month over month, the collapse of Silicon Valley Bank and Signature Bank could keep interest rate hikes at bay, economists said Tuesday. Continue reading
Transaction sides fell 18.2 percent year over year for a total of $472.9 billion in sales in 2022, a 12.5 percent decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage. Continue reading
Bank failures and a slowdown in wage growth have forecasters thinking the Fed will back off from an aggressive rate hike campaign next week. Continue reading