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Stories Tagged as

Housing market

With existing home inventory low, there are economic incentives to build more

by Stephanie Hughes
Jul 21, 2023
But one economist warns it’ll “take decades of building, not just one good year, for the market to come back into a healthy place.”
The number of permits to build new single-family homes rose in June to the highest it's been in 12 months, according to federal data released this week.
Justin Sullivan/Getty Images
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Supply of low-cost apartments dwindled over last decade, study says

by Matt Levin
Jul 7, 2023
Ultra-cheap rentals declined in every state, especially in Texas and North Carolina, where renters from more expensive markets are moving.
States like Texas, above, and North Carolina had a particularly sharp drop in low-cost apartments.
Brandon Bell/Getty Images
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Has the housing market landed ... softly?

by Matt Levin
Jun 27, 2023
New Case-Shiller data suggests prices are rebounding after a moderate dip, though regional differences are pronounced.
While pricier areas on the West Coast have slowed down considerably, the housing market is still running hot for cities in the Southeast.
Justin Sullivan/Getty Images
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When moving means a higher mortgage rate, why sell?

by Stephanie Hughes
Jun 22, 2023
Last month, 20% fewer existing homes were sold than in May 2022. People are staying put — and staying together — to avoid higher costs.
Lots of people are choosing to stay put in their homes even if they’d like to sell.
Justin Sullivan/Getty Images
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In a tight housing market, both buyers and sellers are getting creative

by Ali Budner
Jun 22, 2023
Realtors are encouraging their clients to get creative if they really want to make a move while interest rates remain high and inventory remains low.
Some homeowners with a low interest mortgage rate locked in are offering to sell that loan along with their house.
Joe Raedle/Getty Images
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New house construction is booming. Here's why most of it isn't affordable.

by Samantha Fields
Jun 20, 2023
There may be more supply, but it tends to cater to demand at the higher end of the income spectrum.
Over the past decade or so, new home construction slowed and still hasn’t caught up with demand.
Joe Raedle/Getty Images
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Homebuilders' optimism keeps building

by Stephanie Hughes
Jun 19, 2023
More buyers are turning to newly constructed homes as fewer owners of existing homes choose to sell.
New houses currently make up about 1 in 3 homes for sale, a much larger proportion than in the past, housing economist Robert Dietz says.
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Home foreclosure activity spiked in May, but it's not a crisis — at least, not yet

by Mitchell Hartman
Jun 12, 2023
It may be down to layoffs. It may also be down to house-flippers.
Foreclosure activity in May was up 7% from April and 14% over a year ago, according to ​ATTOM Data Solutions.
John Moore/Getty Images
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There are now only 4 major U.S. cities where buying is cheaper than renting

by Samantha Fields
May 25, 2023
That's good news if you're looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Even if monthly mortgage payments are higher than comparable rent, "you get the benefit of building up wealth," said Daryl Fairweather, chief economist at Redfin.
Justin Sullivan/Getty Images
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New home construction ticked up in April, signaling a rise in demand

by Justin Ho
May 17, 2023
Most new homes are going up in the South and states like Utah and Nevada, where homes are generally more affordable than on the coasts.
New home construction has picked up in the Mountain West, where housing is generally more affordable than on the coasts.
Jim Watson/AFP via Getty Images
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