There's a lot of pent-up demand for new homes, but homebuilders are facing a combination of high interest rates, labor shortages and tariffs on construction materials.

“Even though I only live, like, 35 minutes away from the city, or 45 minutes by metro, it’s just a little inconvenient for people,” said William Craver in Herndon, Virginia.

Median property taxes in the U.S. rose by an average of more than 10% between 2021 and 2023, according to an analysis by LendingTree. More than half of homeowners with a mortgage are paying more than $3,000 a year.

A Realtor.com report finds that both the price and square footage of newly built homes are decreasing in about a quarter of the 100 largest metropolitan areas.

A California assemblyman is looking to change that.

From the BBC World Service: Australians go to the polls this weekend to vote in what’s being called a “cost of living” election.

Economic uncertainty and high interest rates are holding back buyers, though high-end cash purchasers aren't waiting.

 Affordability is still the main issue. But uncertainty in the economy is also playing a big role.

A little known industry that happens to be Wyoming’s biggest export piqued the interest of one mechanic last year. But sudden industry changes threw his family’s future into limbo.

“Closing was very emotional,” said Savannah Melendez of Anchorage, Alaska. “I remember at one point looking over and seeing tears in my mom's eyes, and that I had to bite my cheeks to not cry with her.”