The roaring August demand put a serious dent in the glut of new homes on the market, with inventory falling to the lowest level this year.
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Eight in 10 of the 5,000 people U.S. Bank surveyed said they feel anxious about stock market fluctuations.
Many advisors say the move isn’t enough to significantly change strategies.
In an interview with Barron’s, Lowe’s CEO Marvin Ellison said a rebound is inevitable in America’s something’s-gotta-give housing market
Prices for existing homes in the US inched up just 0.2% in July, according to a National Association of Realtors report published Thursday.
CFO Richard McPhail said that do-it-yourself customers have been pushing forward with smaller home improvement projects.
On the other hand, the market slowdown is — ever so incrementally — taking a toll on house prices, according to Zillow forecasts.
The new rules could let homebuyers keep their crypto and use it to qualify for loans though mainstream banks.
It may well be another indicator that the market is finally tipping in buyers’ favor, as the construction industry faces major headwinds.
A new report by Redfin showed that US home sellers now outnumber by buyers by nearly half a million, the biggest gap on record since 2013.
Even before the latest jump in mortgage rates, existing home sales slid 0.5% last month, according to the National Association of Realtors.
Simply put: too many prospective buyers remain priced out of the market. And tariffs aren’t likely to bring prices down.
As they say: Man plans, and Mother Nature floods his semi-basement. And climate change may melt home values along with glaciers.
Sales of new homes picked up considerably to end 2024. But sales of old homes are at their slowest pace since 1995.
Buying a home is expensive. And so is owning one. In the era of high mortgage rates and soaring expenses, is homeownership still worth it?
Almost half of all US households’ financial assets are tied to public stocks, a near-record high, according to recent Federal Reserve data.