US Real Estate

Many would-be home buyers have delayed purchasing in hopes of lower interest rates.

Persistently high interest rates are restricting the ability of businesses to borrow money to invest in real estate construction.

Some of the highest disparities between wages and housing prices are in Northern California, especially Silicon Valley.

Elevated home prices and mortgage rates caused home ownership costs to grow faster than wage increases, creating an affordability crisis.

Those who receive assistance have 90 days to find a home.

The Midwest region saw the biggest drop, with housing starts crashing by more than 19 percent in a single month.

White House showcases efforts to reduce housing costs heading into November’s election.

New Jersey had the highest foreclosure filing rate, followed by Illinois, Delaware, Connecticut, and Florida.

They’re not just renting rooms, but yard and garage space as well.

Housing inventory keeps rising as buyers are unwilling to pay high mortgage rates.

More than 90 percent of 221 US metros saw home price gains in the first quarter of 2024.

Industry experts warn that buyers closing deals out of ‘fear of missing out’ may be ruining their financial futures.

‘This senseless nationwide codes mandate will significantly raise housing costs,’ said NAHB chairman Carl Harris.

Over the decade, the sales price of a median US home has doubled, rising by 50 percent in just the past five years.

‘It is nothing short of insane that there are some who are entering other people’s homes and claiming them as their own,’ Georgia Gov. Brian Kemp said.

Almost half of US homeowners and renters are struggling to afford their housing payments to the extent that 22 percent have begun skipping meals.

Homebuyers are now putting up 15 percent of a home’s purchase price as downpayment, up from 10 percent a year back.