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Furniture sellers adapt to a nationwide drop in sales

Sep 15, 2023
Sales at furniture stores have been sliding amid a cooling housing market and weakening consumer sentiment about making big purchases.
AJ Venable at Urban Links Furniture & Appliances in Baltimore. He said his customers have become more price-sensitive.
Stephanie Hughes/Marketplace

"Life happens." Why some home buyers and sellers forge ahead in spite of interest rates

Sep 13, 2023
People motivated to buy or sell homes in this market are often hitting significant milestones, from babies and back-to-office mandates to downsizing and retirement.
Even though interest rates are high, some home buyers have been spurred to move by big personal changes.
Roberto Schmidt/AFP via Getty Images

Homebuilders are feeling a bit more confident

Jul 18, 2023
Builders find there's high demand for new developments, but they're also finding it harder to convince banks to loan them money.
Despite increased confidence, homebuilders still face a number of challenges. One of those challenges is getting a loan.
Scott Olson/Getty Images

When moving means a higher mortgage rate, why sell?

Jun 22, 2023
Last month, 20% fewer existing homes were sold than in May 2022. People are staying put — and staying together — to avoid higher costs.
Lots of people are choosing to stay put in their homes even if they’d like to sell.
Justin Sullivan/Getty Images

Homebuilders' optimism keeps building

Jun 19, 2023
More buyers are turning to newly constructed homes as fewer owners of existing homes choose to sell.
New houses currently make up about 1 in 3 homes for sale, a much larger proportion than in the past, housing economist Robert Dietz says.
Mario Tama/Getty Images

How a decline in home sales also trips up retail

May 16, 2023
When people buy new homes, they buy a lot of other things too, like furniture, appliances and electronics. When home buying slows, that can have a real ripple effect on other industries.
Today’s retail sales numbers showed people spent less on things like building materials and garden supplies in April than they did a year ago. Home Depot also reported today that sales dropped in the first quarter.
Justin Sullivan/Getty Images

The price of lumber is way down, but that won't do much to bring down new home prices

Apr 7, 2023
Lumber prices have stabilized after unprecedented volatility.
Stacks of lumber are offered for sale at a home center in Chicago, Illinois. Prices for lumber have recently come down from pandemic highs.
Scott Olson/Getty Images

For public good, not for profit.

New home sales rise in the South and West, but sag in Northeast

Mar 24, 2023
Affordability is attracting people to sunnier climes — and that's helping to heat up those regions' economies.
"The fastest-growing cities nationwide are located in the South and West, so builders are responding to that demand," says Odeta Kushi, deputy chief economist at First American.
Justin Sullivan/Getty Images

Existing home sales are down nearly 37%, NAR data shows

Feb 21, 2023
Prices are still rising, but more slowly. What does that mean for house hunters this spring?
"We're at a very interesting point in the U.S. housing market where many people feel like the 2023 could really go either way," says Igor Popov, chief economist at Apartment List.
Mario Tama/Getty

As demand shifts, some businesses are weighed down with too much inventory

Feb 8, 2023
Especially those closely tied to the housing market.
Slowing home purchases have left some businesses tied to the housing market — like appliance wholesalers — with a glut of product.
Joe Raedle/Getty Images