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It may be down to layoffs. It may also be down to house-flippers.
Getting an unhoused person into a home can cost $10,000 a year — and more than 580,000 people are unhoused on any given night.
As of 2020, people living alone made up 27% of new households. That trend has been accelerating.
That’s good news if you’re looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
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.
In the Turkish city of Antalya, an influx of foreign buyers have exacerbated existing housing affordability woes.
Construction students get blighted homes back on the market under the auspices of a community college program.
These mortgages were key to the economic climate that led to the 2008 financial crisis. First Republic had a lot of them.
The resilience of this usually interest rate-sensitive sector makes the Fed’s goal of taming inflation that much harder.
Real estate wholesalers offer convenience, but at what price?