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Stories Tagged as

Housing market

The rise and fall of home prices across America

by Sabri Ben-Achour
Jul 25, 2023
Property values are generally down from the same time in 2022, but they have been rising in recent months and vary regionally.
Prices of existing homes started rising again in February, even though the Federal Reserve has been raising interest rates.
Saul Loeb/AFP via Getty Images
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Piano movers, inspectors and more feel the pain of housing market slowdown

by Stephanie Hughes
Jul 24, 2023
More people are staying put, which means they’re not paying for the adjacent services we need when buying a home.
With more people staying put, there's less of a need for moving-related services, like movers.
Joe Raedle/Getty Images
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With existing home inventory low, there are economic incentives to build more

by Stephanie Hughes
Jul 21, 2023
But one economist warns it’ll “take decades of building, not just one good year, for the market to come back into a healthy place.”
The number of permits to build new single-family homes rose in June to the highest it's been in 12 months, according to federal data released this week.
Justin Sullivan/Getty Images
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Supply of low-cost apartments dwindled over last decade, study says

by Matt Levin
Jul 7, 2023
Ultra-cheap rentals declined in every state, especially in Texas and North Carolina, where renters from more expensive markets are moving.
States like Texas, above, and North Carolina had a particularly sharp drop in low-cost apartments.
Brandon Bell/Getty Images
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Has the housing market landed ... softly?

by Matt Levin
Jun 27, 2023
New Case-Shiller data suggests prices are rebounding after a moderate dip, though regional differences are pronounced.
While pricier areas on the West Coast have slowed down considerably, the housing market is still running hot for cities in the Southeast.
Justin Sullivan/Getty Images
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When moving means a higher mortgage rate, why sell?

by Stephanie Hughes
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
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In a tight housing market, both buyers and sellers are getting creative

by Ali Budner
Jun 22, 2023
Realtors are encouraging their clients to get creative if they really want to make a move while interest rates remain high and inventory remains low.
Some homeowners with a low interest mortgage rate locked in are offering to sell that loan along with their house.
Joe Raedle/Getty Images
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New house construction is booming. Here's why most of it isn't affordable.

by Samantha Fields
Jun 20, 2023
There may be more supply, but it tends to cater to demand at the higher end of the income spectrum.
Over the past decade or so, new home construction slowed and still hasn’t caught up with demand.
Joe Raedle/Getty Images
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Homebuilders' optimism keeps building

by Stephanie Hughes
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
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Home foreclosure activity spiked in May, but it's not a crisis — at least, not yet

by Mitchell Hartman
Jun 12, 2023
It may be down to layoffs. It may also be down to house-flippers.
Foreclosure activity in May was up 7% from April and 14% over a year ago, according to ​ATTOM Data Solutions.
John Moore/Getty Images
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