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.
Shares of leading US homebuilders have plummeted since an industry-wide peak in July, according to a Financial Times analysis.
As housing prices reach record highs nationwide – against quite a few forecasts at the start of the year – buying a home is now completely…
The U.S. Economy is taking Americans for a ride, interest rates hit a 23-year high at 8.34 percent on 30-year mortgages.