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Housing market

Housing costs are a main reason inflation is still high

by Samantha Fields
Mar 14, 2023
The cost of shelter is driving more than 70% of inflation right now, according to the Bureau of Labor Statistics. So what gives?
It can take a year or more for changes in housing costs to show up in inflation data.
Allison Dinner/Getty Images
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Can empty office space help solve the housing shortage?

by Amy Scott
Mar 8, 2023
Converting offices into apartments comes with challenges.
An architectural rendering shows the vision for 210 N. Charles Street in Baltimore, known as the Fidelity Building, an old office tower being converted to apartments.
Courtesy Trademark Investments
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Western resort towns see record-breaking real estate prices — and housing woes

by Will Walkey
Mar 6, 2023
More wealthy people are moving to mountain communities, pushing up home values and pushing out some local workers.
Ariel Kazunas says she’s dealt with unstable housing for most of the decade she's lived in Jackson Hole, Wyoming. For one season, she lived out of a vehicle.
Courtesy Joey Sackett
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A Warmer World

Hurricane risk will grow in the coming decades, report warns

by Amy Scott
Mar 1, 2023
A new tool shows the likelihood of wind damage by property address.
Cleared lots were all that remained of some homes in Fort Myers Beach, Florida, in late January, months after Hurricane Ian ravaged the area.
Joe Raedle/Getty Images
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Low housing inventory is a boon for homebuilders, a strain for would-be buyers

by Matt Levin
Feb 27, 2023
Many home owners with low interest rates are reluctant to move. That's pushing more buyers into new houses.
"Over 80% of current homeowners now have a mortgage rate under 4%," said Rafe Jadrosich, of Bank of America. This makes the prospect of having to finance at today’s rate of 6.5% on a 30-year-fixed not so enticing.
staticnak1983/Getty Images
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Existing home sales are down nearly 37%, NAR data shows

by Samantha Fields
Feb 21, 2023
Prices are still rising, but more slowly. What does that mean for house hunters this spring?
"We're at a very interesting point in the U.S. housing market where many people feel like the 2023 could really go either way," says Igor Popov, chief economist at Apartment List.
Mario Tama/Getty
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Housing

As mortgage rates rise, so have all-cash offers for homes

by Amy Scott
Feb 15, 2023
Some people are selling expensive homes and using the cash proceeds to buy more affordable ones. How does that hurt first-time buyers?
Paying cash for homes is a growing trend.
Saul Loeb/AFP via Getty Images
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For home stagers, it's hard to put a pretty face on the real estate downturn 

by Alisa Roth
Feb 7, 2023
Home stagers dress up a house so it’ll sell for more money. The slowing market is hitting them, too.
After doing a walk-through, stager Krisann Evoli advises clients on strategies such as rearranging closets to make them look bigger.
Eva Eakin
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More buyers are backing out of housing contracts

by Amy Scott
Jan 26, 2023
They're down about 26% compared to a year ago.
When buyers back out of contracts, that can slow down construction of new homes, said Clint Mitchell, CEO of Estridge Homes in Indianapolis.
Jim Watson/AFP via Getty Images
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Rents are way up. How are landlords picking the price?

by Matt Levin
Jan 25, 2023
The national median rent has risen over 20% since 2020, according to Apartment List. And the use of pricing algorithms used by some of the nation's biggest corporate landlords might be playing a role.
While smaller landlords still usually look at comparable units for determining prices, bigger corporate landlords use algorithms.
Joe Raedle/Getty Images
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