Existing Home Sales Fall Amid Skyrocketing Prices and High Mortgage Rates
Prices hit a record high for April, putting homes out of reach for many would-be buyers.
Prices hit a record high for April, putting homes out of reach for many would-be buyers.
A recent lawsuit settlement is expected to bring major changes to the residential real estate market, and some are calling it historic.
City leaders in Portland, Oregon, recently bought 100 tiny home pods for the homeless that came with a hefty price tag, but are said to be made of quality materials.
Americans working toward having a place of their own are now apparently facing higher home insurance premiums.
A deserving veteran and his family in Bangor, Maine, won something incredible recently that has brought huge smiles to their faces.
Chicago is suffering from an infestation of creepy crawlies, according to the Orkin pest control company.
The DOE was wrong when it reversed Trump-era rules making dishwashers and laundry machines more efficient, a federal appeals court ruled.
A 90-year-old woman was rescued Saturday after being trapped underneath rubble left behind by the recent earthquake in Japan.
The Burger King worker who received a pretty lame gift for not missing a day’s work in 27 years recently made a big purchase thanks to donors’ help.
A veteran and his wife are enjoying their mortgage-free home in Zebulon, North Carolina, thanks to some generous helpers.
Home affordability keeps getting worse and worse.
Sentiment declined for a second consecutive month in September.
A 19-year-old man trying to evade police was involved in a violent car crash in Belchertown, Massachusetts, on Sunday that killed him.
Four people are dead and a fifth person is missing after a home exploded Saturday in Plum, Pennsylvania.
The share of fathers taking up the role of stay-at-home dads has increased by several points since the late 1980s, data analysis by Pew Research Center shows.
There just are not that many houses for sale right now.
The gains in April were driven by single-family construction in the West and multifamily construction around the country.
The National Association of Home Builders (NAHB) said on Tuesday that its monthly index of homebuilder confidence jumped five point to 50 in May, the fifth consecutive monthly gain and the strongest reading since July 2022.
A woman in Centennial, Colorado, was not sure what to do when she moved into a home in April only to realize it was infested with snakes.
New home sales jump to 683,000, must higher than expected.
The latest evidence of an earlier than expected recovery for the housing market.
A much bigger jump in home sales than expected.
The Finnish Ministry of Social Affairs and Health is developing a policy that could ban people from smoking in their own apartments.
Home prices are still up a lot compared with a year ago but the housing market is cooling and now seeing month-to-month declines.
Home prices are likely to keep declining as interest rates climb higher.
We’re in a housing recession in terms of sales and building. Prices, however, remain high.
Construction of single-family homes has fallen below its prepandemic level.
Private spending on single-family homes crashed 3.1 percent in June.
China’s purchase of American homes and land is a “huge problem,” Republican Florida Gov. Ron DeSantis said in an interview.
“Falling housing affordability continues to take a toll on potential home buyers,” said NAR Chief Economist Lawrence Yun. “Both mortgage rates and home prices have risen too sharply in a short span of time.”
Higher rates and high prices are clobbering demand for mortgages.
Higher borrowing costs are pushing buyers out of the market.
Pending home sales fell by more than twice what was expected.
Another casualty of the Biden era: housing affordability.
Construction delays, high prices for materials, and rising interest rates took a bite out of single-family construction in March.
Supply chain disruptions, high costs of materials, and rising interest rates are weighing down home builder confidence.
Canada’s federal government announced on Thursday plans to ban foreigners from purchasing homes in Canada for two years in an effort to lower surging home prices within the North American country, the BBC reported.
Home prices are surging even while mortgage rates are climbing, creating an affordability crunch.
The usual relationship of completions to construction has been flipped on its head for nine months.
Skyrocketing prices for materials and widespread shortages are behind the surprise decline in building activity in January.