A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. Justin Sullivan | Getty Images Supply chain issues for homebuil...
Tag: Housing
The average size of a new mortgage just set a record
A couple look at houses for sale in the window of William H. Brown estate agents. Getty Images Homebuyers are facing one of the priciest housing markets in history, and that means they need larger mor...
Zillow Is Betting on a Housing Super App. What Wall Street Thinks.
Text size Zillow Group announced plans to shut down its home-flipping business in November. Chris Goodney/Bloomberg Zillow ‘s spectacular decision to shut down its home-flipping business last year has...
Homebuyers again confront ‘an abnormal’ housing market with many obstacles
Less than a month before the traditional home-selling season begins, buyers again face a brutal housing market. Too little inventory for sale, lofty price, and now rising mortgage rates have created a...
Homebuyer demand for mortgages drops 10%
A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first seemed unfazed, some even rushing to ...
Borrowers rush to get the last of the low mortgage rates
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images M...
How Suburban Sprawl’s Single-Family Home Zoning Limits Housing Supply
America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, opt...
Housing Market Is the Fed’s Frankenstein, and It Won’t Be Easily Tamed
Fed chief Jerome Powell says there is an ‘element of uncertainty around the balance sheet’ and the central bank’s plans to shrink it from the pandemic-inflated $9 trillion at which it now stands. Grae...
Mortgage refinance demand plunges 13% as interest rates climb
A home for sale in Susanville, CA. Gary Coronado | Los Angeles Times | Getty Images Rising interest rates are causing big headaches for mortgage lenders, especially those who depend most on refinance ...
Home prices surged in November, but at a slower rate, S&P Case-Shiller says
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters Even as the housing market entered its traditionally slower season in November, home prices showed big gai...
Billionaire Cousins Show Confidence In Singapore Property Market With Top Housing Site Bids Of $1 Billion
Apartment buildings on the east coast of Singapore on November 3, 2020. © 2020 Bloomberg Finance LP Singapore tycoon Kwek Leng Beng’s City Developments and his Malaysian billionaire cousin Quek Leng C...
Roaring U.S. housing market may cool, keep climbing as Fed ends emergency support
U.S. home prices roared almost 20% higher in the past year, giving families who own properties a major boost to their finances during the pandemic. But Wall Street, a key source of home mortgage finan...
Gas And Meat Prices Finally Fall—But Cars, Housing, Medical Care And More Still Fuel Inflation Surge
Topline Though long-rising gas and meat prices are finally starting to cool off, surging prices for a slew of critical goods—including used cars, food and housing—helped inflation notch a new 39-year ...
Why Housing Market Bubbles Pop
Unlike the stock market where people understand and accept the risk that prices may fall from time to time—sometimes severely—many people who buy a house do not really think that the value of their ho...
Victims in Colorado Fire Face High Building Costs Exceeding Insurance Coverage
Rising construction costs will push the price tag for rebuilding after Colorado’s most destructive wildfire beyond the insurance coverage of some homeowners, according to construction, insurance-indus...
Opinion: These 2 numbers sum up why the housing market won’t get back to normal for a long time
Last week I got a letter in the mail. Like you, I’m surprised this still exists as a practice but desperate times call for desperate measures: Courtesy Ben Carlson Now I would like to think our house ...