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Residents of 34th Street in Baltimore purchased not just a dwelling, but a whole new way of life during the month of December.
High mortgage rates are causing homebuilders to pull back. A measure of sentiment has dropped to its lowest level since 2012.
This year will see the first year that single family home building has decline since 2011, according to the National Association of Home Builders.
There was a huge surge in demand early in the pandemic. That has cooled down dramatically, and in some areas, demand is starting to be met.
Americans see this as a bad time to buy a home, according to a consumer sentiment survey from the University of Michigan.
The U.S. isn’t the only country with a central bank that’s hiking rates. Here’s how that’s affecting housing markets around the world.
Lee County in Southwest Florida, where the storm made landfall, still faces monumental challenges housing people displaced by the storm.
Private equity firms and other real estate investors are taking advantage of high mortgage rates in low-income neighborhoods, says housing strategist Majora Carter.
Many potential homebuyers have moved to the sidelines as mortgage rates have more than doubled this year.
Migration shifts due to the pandemic are among the factors that have contributed to price fluctuations in the rental market.