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Mortgage rates have ticked down, but not enough.
Builders are mostly working on apartments and condos, and are still waiting to commit to more residential construction.
Here’s how the FARE Act, New York City’s new broker fee law, is working out so far.
Builders are facing elevated costs and — in some markets — weak demand, believe it or not.
Construction of buildings with five units or more was up nearly 29% in April from last year.
In a balanced housing market, households making about $100,000 a year should be able to afford 60% of homes. Today, they find less than 40% within reach.
Big cities are cauldrons for innovation — and the pay’s better.
Affordability is still the main issue. But uncertainty in the economy is also playing a big role.
For many sellers, the need to move is more important than keeping a low-interest mortgage.
The average age of a homebuyer is also going up.