Interracial couples were assigned different appraisal values for their homes in the Baltimore, Md., area depending on the skin color of the partner who greeted the appraiser and whether the Read more
Tag: homeowner
Short-term rentals ‘gobbled up’ homes, worsening housing supply, Philly Fed president says. But Airbnb pushes back, saying it’s too easy an explanation.
Short-term rentals are partly to blame for the shortage of homes on the market, a Federal Reserve president said. In a blog post about the soaring cost of housing in Read more
New York City real estate has entered a ‘tornado market’ — the prevailing mood is one of ‘disquiet’
It’s getting real spooky in the New York City housing market this quarter. The real-estate sector is still adjusting to rising mortgage rates, recession fears, and a strong job market. Read more
5 factors drive homebuilding costs — and they’re all squeezing builders now
Building a home is a complicated business. Despite the shortage of housing in the U.S., it’s been challenging for builders to quickly ramp up production to meet demand. That’s because Read more
U.S. new home sales fall in June to the lowest level since the pandemic
The numbers: U.S. new home sales plunged 8.1% to a seasonally-adjusted rate of 590,000 in June, from a revised 642,000 in the prior month, the Commerce Department reported Tuesday. The Read more
U.S. new home sales fall in June to the lowest level since the pandemic
The numbers: U.S. new home sales plunged 8.1% to a seasonally-adjusted rate of 590,000 in June, from a revised 642,000 in the prior month, the Commerce Department reported Tuesday. The Read more
Rents are hitting new highs, but renting is still cheaper than owning. Here’s why.
Rents are hitting new highs, but renting is still mostly more affordable than owning a home in most big cities, according to a new report. The national median rent rose Read more