The numbers: The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.7% in the three-month period ending in November compared to the same period ending in October, and was up 6.4% compared to a year before. The national index rose a seasonally adjusted 0.7% for the month, and 6.2% for the year.
U.S. pending home sales rose 0.5% in December, the National Association of Realtors said Wednesday. That's the highest reading since March, even though the index stands just 0.5% higher than a year ago.
The Nation's housing market for 2018 continues to look good according to two recently released reports. Though, first-time Millennial buyers will continue to struggle with affordability especially in high priced areas like Los Angeles, San Francisco, Boston, New York and Washington DC.
After looking at several houses along Alabama's Gulf Coast, we decided the sunny cottage on Audubon Drive in Foley was the one—so long as the seller came down a little on the price. (Subscription may be required.)
A housing-finance reform bill now pending in the Senate Committee on Banking, Housing, & Urban Affairs proposes to create a system where multiple entities are allowed to compete against each other to purchase and securitize mortgages, according to a draft of the bill leaked to the media this week.
Civil rights and affordable housing groups are criticizing a draft bipartisan bill to overhaul the housing finance system and revamp Fannie Mae and Freddie Mac, a development that could cement liberal opposition to the legislative effort.
For the past few years, the importance of appealing to millennial renters has dominated the conversation. But, based on recent trends, the industry should really start honing their focus on baby boomers. From being the fastest-growing tenant profile to experiencing less rent burden to staying in one place for longer than other demographics, baby boomers are the ideal tenant in today's luxury multifamily space.
A little-noticed section in the $1.5 trillion tax cut that President Trump signed into law late last month is drawing attention from venture capitalists, state government officials and mayors across America.