Housing market

A majority of 18-to-25-year-olds spend more than 30% of their pre-tax income on rent.

In a competitive housing market, buyers are forgoing their right to an inspection, or the right to walk away from a property if it’s not in good condition.

But they come with some caveats.

Easing monetary policy would make construction and mortgage loans cheaper, potentially lifting a depressed housing market.

This week, Wayfair reported a $42 million loss and its CEO compared the drop in demand to the one seen in the last financial crisis.

"I have not seen us write more than two offers before getting an acceptance, whereas before it was writing offer after offer after offer," said Houston real estate broker LaTisha Grant.

In the midst of a lagging housing market, builders hope for easier terms on mortgages and construction loans.

Sales were cold and prices were hot.

In a landmark settlement to several lawsuits, the National Association of Realtors could require agents and buyers to have a written agreement.

Builder incentives like interest-rate buy-downs and the relative affordability of the area are big draws for prospective buyers.