The land, labor, supplies, and permits add up.
Vivian Gueler of Pacific Trust Group says demand for housing in Los Angeles is outpacing supply, thanks largely to low interest rates.
A report estimates that 1 in 5 homes sold in the U.S. goes to an institution like a pension or sovereign wealth fund.
Prices climbed 11% year over year in metro areas, driven by the limited number of homes for sale and low mortgage rates.
An increase in the cost of new homes then drives up the price of existing homes, as the overall market becomes more competitive.
But low interest rates soften the blow.
The National Association of Realtors finds that metro areas with declining home affordability have less job growth.
A study explores reasons some African Americans may be at a disadvantage when trying to build home equity.
Zillow, with real-time data and "computer vision," is about to find out.