Desert homes become a hot commodity in California's real estate boom

Apr 5, 2021
The housing rush is fueled by the pandemic and the desire of people who can work remotely to get out of the city.
An abandoned homestead structure in Wonder Valley. People who migrate from the city to the desert may have to deal with a lack of services, including municipal water.
Benjamin Gottlieb

Appliance shortages hold up home improvement and new construction

Mar 23, 2021
Homebuilders are passing the costs of delays on to consumers because demand for houses is so high.
Customers who order appliances such as refrigerators are waiting months for delivery.
Sean Gallup/Getty Images

Without enough houses to sell, real estate brokers see fewer transactions

Mar 23, 2021
The National Association of Realtors says it has more members than the number of homes for sale at the moment.
Because of the way realtors traditionally get paid, it’s tough for everyone, especially those new to the business, said Jessica Lautz of the National Association of Realtors.
Saul Loeb/AFP via Getty Images

Mortgage rates creep up on inflation fears

Feb 22, 2021
But they are still very low, historically speaking. Here's what that could mean for the housing market.
Despite rising mortgage rates, the housing market is still booming.
Saul Loeb/AFP via Getty Images

Soaring lumber costs add to the price of new homes

Feb 22, 2021
An increase in the cost of new homes then drives up the price of existing homes, as the overall market becomes more competitive.
Tim Boyle/Getty Images

What a busy holiday season meant for a Utah baker

Jan 29, 2021
Rita Magalde was "swamped" with orders for her baklava in December. When it was over, she called her realtor.
Rita Magalde with some of her sweet treats. Her business boomed during the holiday season.
Carlos Linares/Photo courtesy of Rita Magalde

New home sales in August hit highest level since before Great Recession

Some of what we're seeing might be making up for a spring in which people were stuck at home and not buying.
Sales of new single-family homes rose 4.8% in August and surpassed an annual rate of 1 million for the first time in 14 years.
Justin Sullivan/Getty Images

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U.S. new home sales rise surprisingly strong 16.6% in May

Jun 23, 2020
The numbers suggest that the reopening of major parts of the country gave a boost to the housing market.
A for-sale sign outside a house. Sales of existing homes jumped in June.
Eric Baradat/AFP via Getty Images

Despite economic downturn, home prices haven't come down much

Jun 22, 2020
Demand is still outstripping housing supply.
The number of homes for sale is down 17% from this time last year.
Frederic J. Brown/AFP via Getty Images

Housing market shows signs of a thaw

May 7, 2020
Mortgage applications have picked up, along with pending sales.
A house for sale sign in Illinois. Rates are low, but lenders are concerned about credit risk.
Tim Boyle/Getty Images