Housing begins to tip in favor of buyers; sellers slash prices to entice them back to market: report
Buyers may finally have the upper hand in the housing market. (iStock) As homebuyers back out of homes, some home sellers have been forced to lower their asking prices in order to complete the sale, Zillow reported recently. report Said. Nearly a quarter of sellers were forced to reduce their prices to generate purchasing interest […]
Angela Rayner unveils sweeping plans to tackle ‘scandal’ of Tory housing legacy | Housing
The government is due to announce a sweeping overhaul of town planning rules this week to encourage the building of more affordable homes as it confronts the economic and social legacy of 14 years of Conservative rule. Deputy First Minister Angela Rayner is due to present a new national planning policy framework to MPs on […]
The Most Splendid Housing Bubbles in America (March 2024 Update)
Estimated Reading Time: 2 minutes Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Dallas, Las Vegas 20-City Index drops for 3rd month in a row, forming Double Top. Only Washington DC sets a new all-time high. The home price index for the 20 metros that the S&P CoreLogic Case-Shiller Home Price […]
Largest housing provider for unaccompanied migrant minors subjected kids to sexual abuse, DOJ lawsuit claims
A new lawsuit by the Department of Justice alleges that “multiple employees” of the largest housing provider for unaccompanied minors crossing the U.S. southern border illegally committed various forms of sexual abuse against children in their care while the nonprofit’s leadership condoned it. The Department of Justice announced Thursday that it filed a lawsuit against […]
Finance, housing sectors ripe for AI regulation: Congressional committee
After a series of meetings with industry players, a working group of the House Financial Services Committee concluded that housing and finance are the two sectors of the economy where government regulation of artificial intelligence (AI) is most needed. The working group said the Commission should “take a leading role in overseeing the adoption of […]
Housing affordability is getting worse in 2024 battleground states
David Bahnsen, founder and CIO of Bahnsen Group, is examining the real estate market as young homebuyers struggle with the ongoing housing crisis. The cost of buying a home has skyrocketed in recent years, with high mortgage rates and rising home prices putting homeownership out of reach for many Americans. The issue is even more […]
Trump pivots on zoning, now calls it ‘a killer’ in push for more housing supply
Former President Donald Trump railed against the costs associated with zoning restrictions in a new interview, a notable shift from his past support for zoning to protect single-family housing. The new remarks come amid a continuing housing supply shortage and as home costs have been pushed to new highs in recent years. In a wide-ranging […]
Housing costs have nearly doubled in swing states since 2020
The story at a glance The median monthly home payment in battleground states has nearly doubled since the 2020 election, increasing 92% to a record high of $2,161. Since 2020, housing costs have risen faster than incomes, making the typical home in battleground states unaffordable for the average family as a result. The change could […]
Housing market short 4.5 million homes – here’s how that impacts your house hunt
Without an increase in housing supply, home prices will continue to rise, the Zillow report said. (iStock) The US housing shortage is worsening, with a housing shortfall expected to grow by an additional 1.8 million homes by 2022, according to Zillow. report. The U.S. will have 4.5 million fewer housing units than needed in 2022, […]
Housing starts rose in June despite higher mortgage rates
The number of housing starts ticked up in June despite pressure from high mortgage rates, reassuring news for an economy that has seen soaring housing prices and rents driven by a lack of supply. Housing starts, the change in the number of new residential buildings that began construction, rose 3% from May to a seasonally adjusted annual rate of 1.35 million in […]