Housing starts fall in December despite sharp drop in mortgage rates

Mitch Roschelle, founding partner of Macro Trends Advisors, has joined Varney & Co. This is to discuss the housing market under the Biden administration as monthly mortgage payments continue to rise. Despite a sharp decline in mortgage rates, construction of new homes in the United States fell for the first time in four months in […]
UK housing market sees ‘respite’ as mortgage rates ease | Property

Research sources say the housing market has experienced some “rest” in recent weeks as mortgage rates ease after a tough 2023. A December report from the Royal Institution of Chartered Surveyors (Rics) said that while inquiries from new buyers had fallen in recent months, the trend was nearing a flattening. A Rix survey of real […]
Airbnb eyes increasing housing supply, driving down prices

Airbnb is launching an initiative to consider how to address the national issue of housing affordability, with a focus on increasing supply and lowering prices. The company announced Wednesday. Establishment of new housing councilchaired by former Baltimore Mayor Stephanie Rawlings-Blake, who is also president of the U.S. Conference of Mayors. The council will advise the […]
The housing shortage is finally coming to an end

Realtor.com Chief Economist Daniel Hale analyzes housing affordability on “Maria Bartiromo's Wall Street.” number of houses for sale Market prices rose for the second consecutive month in December as the severe housing shortage finally began to ease. The total number of homes for sale, including homes under contract but not yet sold, increased 4.9% in […]
Midwest, Great Lakes among 2024’s hottest housing markets: Zillow

According to Zillow, the Midwest and Great Lakes regions will be some of the hottest housing markets in the United States this year. The real estate market predicted that Buffalo, New York, along with Cincinnati, would be the “hottest housing market in America in 2024.'' Columbus, Ohio. Indianapolis; and Providence, Rhode Island, round out the […]
New Jersey governor proposes youth voting and affordable housing in address

New Jersey Gov. Phil Murphy announced several new measures in his State of the State address Tuesday. Proposed measures include allowing teens to vote in school board elections, reducing medical debt, expanding affordable housing and introducing artificial intelligence “moonshots” It will be done. The annual address marks the beginning of the legislative year and precedes […]
Republicans accelerate probe into Biden admin actions housing migrants on federal lands

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Hochul talks crime, housing as national Dems look to NY for big House gains

New York Gov. Kathy Hochul outlined her 2024 agenda in her State of the State address Tuesday, with Democrats focusing on public safety ahead of a critical election season in the state where race could shift control of the Legislature. He said he would focus on housing. Proposals announced included policies aimed at curbing retail […]
Detroit is the fastest-appreciating housing market: report

Detroit has surpassed Miami as the fastest-growing housing market, according to a new report from financial services firm CoreLogic. The legendary Motor City, which fell from its heights amid the decline of the auto industry, recorded the highest year-over-year home price growth rate of 8.7% among the country's 20 metropolitan areas as of November 2023. […]
Washington state lawmakers set to address fentanyl and housing issues

Washington state lawmakers will convene for a session focused on housing, climate change and the fentanyl crisis. The 60-day session will include approval of numerous bills and supplemental budgets based on proposals from Gov. Jay Inslee. Key proposals include addressing the housing crisis through legislation mandating affordable units and rent stabilization in transit hub housing. […]