Simply put: too many prospective buyers remain priced out of the market. And tariffs aren’t likely to bring prices down.
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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.
Institutional investors, including so-called US mega landlords, have increasingly been gaining dominance in the UK’s rental market.
The percentage of US employees who think their financial well-being is good or excellent rose to 47%, up from 42% a year ago.
The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.
A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.
Sick of waiting for the Federal Reserve to make a move, home buyers and sellers seem to be accepting the market for what it is.
Home prices in the Lone Star State’s capital have dropped 12% since 2022 — the largest decline of any US city.
With home sales continuing to limp along, Home Depot and Lowe’s are reporting that do-it-yourselfers are cutting back on projects.
More than a quarter of all US home sales were bought by investors in the last quarter, a new all-time high.
US citizens under 40 took some of that pandemic fiscal stimulus and plowed it into a booming stock market.
Empty-nest Boomers have been reluctant to sell their larger houses, which is making it hard for younger families to find starter homes.
Prospective homebuyers face limited supply, historically high mortgage rates, plus increasingly high homeowners association fees.