US Real Estate

Housing starts jumped by more than 11 percent on a monthly basis in February, suggesting robust construction activity.

The deal is expected to close in the second or third quarter of this year.

The sector is a key concern for financial stability, according to a Treasury council.

Some parts of the United States have now become ‘fully fledged buyer’s markets,’ an economist says.

Delaware had the highest foreclosure rate in the country, followed by Illinois and Nevada.

‘I think sellers are also adjusting expectations as buyers become more price conscious,’ the president of the MetroTex Association of Realtors said.

Real estate developers are facing high material costs, labor shortages, credit issues, and other headwinds.

Mortgage rates are at the lowest level of the year.

While sales are expected to rebound this month, high mortgage rates will limit the upside potential for buying activity in 2025, said an economist.

‘This year, we’re predicting more moderate price gains, as we’re starting to see more inventory come onto the market,’ one expert said.

Four of the top five metros with the highest share of such home purchases last year were in Florida.

The Realtor report found that it was less expensive to rent a median 0–2 bedroom unit than to buy a median home.

A typical home sold in January sat on the market a week longer than a year ago, data show.

Texas saw the highest number of foreclosure starts, followed by California, Florida, Illinois, and New York.

Many Americans are ‘growing accustomed to the idea’ of rates never going back down to pandemic lows, the Redfin report states.

Fourteen percent of all metro areas saw double-digit price increases.

Texas is leading the nation with nearly 22,000 new housing units under construction.

Experts say the commission rule changes have made real estate fees more negotiable, increasing pressure on agents.

The sector has been flagged by a government council as a key financial risk facing the nation.