Spring is here — and with it comes the most popular time of year to shop for a home. But if prospective home buyers don't prepare properly, they could be in for an agonizing search.
Sales of new U.S. homes slipped 0.6 percent in February, a third straight monthly decline. But year to date, sales are up 2.2 percent in a sign that buyer demand remains solid.
Everybody knows the deal: Millennials want to be in the biggest cities, in the center of all the trendiness, all the job growth, and, generally speaking, all the action. Right? Well, not so fast.
Home sales rebounded more strongly than expected in February, and the National Association of Realtors says they could have been even higher if there were more homes for sale.
America is facing a new housing crisis. A decade after an epic construction binge, fewer homes are being built per household than at almost any time in U.S. history.
Millennials are the largest living generation, however, according to Freddie Mac's March Insight report, they are falling short of dominating the housing market.
Americans are relocating to retirement hot spots scattered around the country and returning to suburbia, according to Census Bureau figures released Thursday. (Subscription may be required.)
The nation's unemployment rate remained unchanged in February, but there was one bright spot many economists weren't expecting: an influx of retail jobs.
Fewer lenders are choosing to ease their credit standards, despite their negative profit margins, according to Fannie Mae's Q1 2018 Mortgage Lender Sentiment Survey.
On 1st Street in Santa Ana, not far from where authorities recently cleared a tent encampment along the Santa Ana River near Angel Stadium, developer Caleb Roope wants to build nearly 1,000 apartments that will be affordable for low-income seniors and families.
Some U.S. homeowners are getting started early. Really early. Benjamin Ulloa, a 19-year-old real estate broker who lives with his parents in Oregon, purchased a home in Hoquiam, Wash., two years ago.
Record-low inventory is causing home prices to rise across the U.S., so higher salaries are now required to afford monthly housing payments, according to SmartAsset.
What will New Yorkers do if they can't bemoan the cost of housing at every cocktail party and youth-soccer match? Signs are emerging that the city's perpetual housing worries may be easing. (Subscription may be required.)
As housing demand continues outpacing supply, tight inventory is plaguing potential buyers and putting upward pressure on home prices. But supply in some housing markets worse off than others.
Interest rates have surged in the opening weeks of 2018, raising uncomfortable questions about how much higher they can go before home purchases become unaffordable.
The economy is booming, take-home pay is rising and millennials are getting married and having children. Despite all those homebuying catalysts, this could one of the weakest spring selling seasons in recent years. (Subscription may be required.)
U.S. mortgage rates have hit their highest level since 2014, a new challenge for a housing market that has been central to the economic recovery but remains vulnerable to even modest headwinds. (Subscription may be required.)
The U.S. added 313,000 new jobs in February, the biggest gain in a year and a half and clear evidence that a strong economy has plenty of room to keep expanding.
