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Homeowners

Home Depot CEO cites "macroeconomic uncertainty" in earnings report

by Stephanie Hughes
Aug 13, 2024
The company says customers are deferring big renovation projects because of high interest rates and economic worries.
When consumers spend less because they’re concerned the economy might not do so well, that can cause the economy to not do so well.
Brandon Bell/Getty Images
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A tax break to encourage homeownership primarily helps the wealthy

by Kimberly Adams
Jun 3, 2024
Economists argue the home mortgage interest deduction doesn't really work and costs the federal government tens of billions of dollars a year.
To be eligible for the home mortgage interest deduction, a buyer would have to be among the 11% of taxpayers who itemize their returns. Above, a home for sale in Damascus, Maryland.
Kimberly Adams/ Marketplace
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In the Houston suburbs, a new-home market sizzles 

by Elizabeth Trovall
Mar 26, 2024
Builder incentives like interest-rate buy-downs and the relative affordability of the area are big draws for prospective buyers.
Houston-area real estate agent Lauren Flathouse said some builders offer incentives like lowered interest rates or free appliances to entice homebuyers.
Elizabeth Trovall/Marketplace
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Mortgage payment on a typical home nearly doubled in last 4 years, report finds

by Mitchell Hartman
Mar 1, 2024
According to real estate firm Zillow, the typical buyer pays $2,188 monthly — well above the 30% of median income guideline used to calculate housing affordability.
Homeownership now costs well over the 30% of median income that was once thought to equate to “affordable” housing in the U.S.
Roberto Schmidt/AFP via Getty Images
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Profits from sales of median-price homes fell slightly last year, but are still pretty huge

by Samantha Fields
Jan 25, 2024
People who sold a median-price home last year made more than $120,000 in profit on a typical sale, according to a new report out today from the property data company ATTOM.
High home sale profits might be a sign that the market is starting to normalize.
George Rose/Getty Images
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Homeowners are gaining equity, but it may be going untapped

by Henry Epp
Jul 31, 2023
A new report finds the rate of mortgage borrowers considered "equity rich" increased to 49% in the second quarter.
"Why would you refinance if you've got a mortgage of 3%, at a mortgage rate of 7%?" says Susan Wachter of the Wharton School.
Philip Pacheco/AFP via Getty Images
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Homeowner groups are trying to stop investors from buying up homes

by Amy Scott and Anais Amin
Apr 20, 2022
Investor purchases made up more than 1 in 5 home sales in December, according to CoreLogic.
According to the National Association of Realtors, sales of existing homes dropped 2.7% in March from the previous month and 4.5% from March 2021.
Justin Sullivan/Getty Images
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As unemployment skyrockets, so do mortgage loan delinquencies

by Jasmine Garsd
May 21, 2020
April saw the biggest one-month jump in U.S. home loan delinquencies ever.
More than 3.8 million mortgage holders, 7.3% of all home loans, have already entered into forbearance plans as of April 30.
Frederic J. Brown/AFP via Getty Images
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Homeowners stay put, keeping inventory low

by Mitchell Hartman
Oct 24, 2019
The average homeownership tenure has more than doubled, to about eight years.
People are staying in their homes longer than they used to. Above, a real estate agent gives a tour of a house.
Joe Raedle/Getty Images
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Labor shortages and high cost of materials depress homebuilding, industry says

by Renata Sago
Jul 18, 2018
Builders are looking into long-term solutions.
A worker saws wood at Canal Crossing, a new luxury apartment community consisting of 393 rental units near the university city of New Haven on August 2, 2017 in Hamden, Connecticut. 
Spencer Platt/Getty Images
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