Homeowners are sitting on more than $35 trillion in equityHome equity reached an all-time high of $35.1 trillion, significantly increasing from previous years, indicating wealth accumulation among homeowners.
The housing market hasn't been this slow in almost 30 yearsU.S. home sales hit the lowest levels since 1995, influenced by high mortgage rates and limited inventory.
Dubai feeling the strain of explosive growth as real-estate prices soar and roads are choked with vehiclesDubai experiences rapid growth but faces rising affordability challenges for residents.
Ongoing housing market shift has builders in Texas and Florida concernedActive housing inventory is rising but is not significantly affecting new home sales for builders due to low competition from the resale market.
Homeowners are sitting on more than $35 trillion in equityHome equity reached an all-time high of $35.1 trillion, significantly increasing from previous years, indicating wealth accumulation among homeowners.
The housing market hasn't been this slow in almost 30 yearsU.S. home sales hit the lowest levels since 1995, influenced by high mortgage rates and limited inventory.
Dubai feeling the strain of explosive growth as real-estate prices soar and roads are choked with vehiclesDubai experiences rapid growth but faces rising affordability challenges for residents.
Ongoing housing market shift has builders in Texas and Florida concernedActive housing inventory is rising but is not significantly affecting new home sales for builders due to low competition from the resale market.
Where did California rents fall the most last year?California's housing market remains largely unaffordable, with minimal rent reductions noticeable.Only a fraction of cities in California experienced rent drops in the current market.
Wildfire and climate programs are driving up California electricity bills, says state analystCalifornia's ambitious climate programs are raising electricity bills, complicating the balance between sustainability and affordability.
California homebuying jumps 20%, biggest gain in 41 monthsCalifornia homebuying saw a significant increase in November 2023, but remains hindered by affordability issues.
Wildfire and climate programs are driving up California electricity bills, says state analystCalifornia's ambitious climate programs are raising electricity bills, complicating the balance between sustainability and affordability.
California homebuying jumps 20%, biggest gain in 41 monthsCalifornia homebuying saw a significant increase in November 2023, but remains hindered by affordability issues.
Homes for sale in short supply as there's now 30 renters for every house on the market in USThe U.S. housing market is at a critical low for available homes, creating a tough environment for first-time buyers.
100,000 home-price increase in last five years highlights first-time buyer strugglesRising home prices and a shortage of properties are driving first-time buyers to take on higher mortgages than ever before.
Families now taking on Celtic Tiger-level debts to buy home, ESRI report warnsHousing market overvaluation currently stands at 8%-10%, jeopardizing first-time buyers' affordability and reflecting trends similar to the Celtic Tiger era.
The latest drop in mortgage rates isn't enough to bring sellers and buyers off the sidelinesLower mortgage rates are not sufficient to revitalize the housing market due to high rates, homeowner hesitance, and affordability issues.
Homes for sale in short supply as there's now 30 renters for every house on the market in USThe U.S. housing market is at a critical low for available homes, creating a tough environment for first-time buyers.
100,000 home-price increase in last five years highlights first-time buyer strugglesRising home prices and a shortage of properties are driving first-time buyers to take on higher mortgages than ever before.
Families now taking on Celtic Tiger-level debts to buy home, ESRI report warnsHousing market overvaluation currently stands at 8%-10%, jeopardizing first-time buyers' affordability and reflecting trends similar to the Celtic Tiger era.
The latest drop in mortgage rates isn't enough to bring sellers and buyers off the sidelinesLower mortgage rates are not sufficient to revitalize the housing market due to high rates, homeowner hesitance, and affordability issues.
Water companies are seeking higher bills with on wanting an 84% hike - London Business News | Londonlovesbusiness.comWater companies are planning substantial bill increases, with Thames Water requesting 59% more to maintain operations.
New York City Rents Are Still Rising: Here's How Much You Need To Earn To Snag an Apartment in Each BoroughNew York City's rental market remains competitive with rising median rents, significantly above national averages, and high percentages of income spent on rent.
Lower mortgage rates aren't igniting the housing market and there are two key reasons why, claims a top economistDespite falling mortgage rates, homebuyers are hesitant due to affordability issues and anticipation of even lower rates. Economists suggest a wait-and-see approach.
Home Prices Hit a New Record High in June but Show Signs of Slowing GrowthHome prices in the U.S. have reached an all-time high but are experiencing a slowdown in growth, signaling a potential market shift.