Foreclosures tick up, led by Nevada, New Jersey and Florida
Filings nationally for October remain 11% lower than 2023
Foreclosure filings rose 4% in October compared to the month prior, but remain down 11% from a year earlier, new data shows.
Buyers of new homes could pay more as wage growth jumps for laborers
Worker shortage, inflation driving up pay, trade group says
Wages for residential construction workers have risen sharply in recent months, increasing costs that builders could be passing on to buyers of new homes, at least temporarily.
Barriers to homeownership pull number of first-time buyers to new low
Affordability and inventory issues pose persistent challenges, trade group says
Gabby Forte has always wanted to own a house.
The latest real estate landscape, according to the Fed
Policymakers report on the health of regional economies
Total economic activity has not fluctuated wildly across the country since early September, according to the Federal Reserve in its most recent Beige book — policymakers' periodic ...
Hurricane Milton could end up wrecking as many as 500,000 homes in Florida
Residences in some of the hardest hit counties were built before Florida changed its building codes
About 500,000 residential properties in Florida's Tampa Bay and Sarasota areas are at risk of storm surge flooding after Hurricane Milton made landfall with Category 3 strength on ...
Virginia, Arizona lead in homeownership gains
Both states see growth rate top 8% from 2020 to 2024, U.S. Census Bureau says
Virginia and Arizona have outpaced the nation as a whole in homeownership gains since the onset of the COVID-19 pandemic, new U.S. Census Bureau data shows.
Apartment investing conditions improve, Freddie Mac says
Long-running finance measure from lending giant jumps 2.2% on annual basis
The Apartment Investment Market Index, a measure of nationwide financing conditions created by lending giant Freddie Mac, has grown on a yearly basis in four straight quarters for ...
Education spending rose at a faster pace than housing
But housing costs still account for 33% of all expenditures in most recent data
U.S. consumer average annual expenditures rose 5.9% from 2022 to 2023, according to a new data release from the U.S. Bureau of Labor Statistics. During this same period, average in...
Real estate fraud declines during slowdown in housing market
But those victimized can lose larger sums of money
Real estate fraud accounted for 9,521 complaints in the FBI’s Internet Crime Complaint Center annual report for 2023. This was a decrease in the number of incidents reported in 202...
Single-family construction surges while multifamily development drops
Building permits issued for different property types head in opposite directions
Pent-up demand and a dearth of existing homes for sale are fueling single-family construction across the country, while oversupply is weighing down multifamily development.
How did past interest rate cuts affect commercial property? Check out these six charts.
Federal Reserve’s half-point cut starts the clock on improving market conditions
In this century, it has taken anywhere from 1 1/2 to 3 1/2 years for commercial property sales volume and prices to begin increasing following interest rate cuts.
Nearly half of all renters spent more than 30% of their income on housing
Burdens differed by racial group
Nearly half of all renter households in 2023 spent more than 30% of their income on housing costs, with some racial groups bearing the burden more than others, according to new sur...
Back-to-school shopping slows this year after pandemic surge
Consumers show restraint as spending overall is projected to rise
Total back-to-school and back-to-college spending is down this year compared to last, as consumers turn frugal following a surge in shopping during the early years of the COVID-19 ...
Census Survey Reveals Americans' Struggle To Pay Household Expenses
Nearly Six in 10 Report Difficulty
As rent increases and inflation take their toll, Americans are struggling to pay for regular household expenses, according to recent survey data from the U.S. Census Bureau.
Affording a Home Purchase Just Got Tougher This Summer
New Data Shows Many Don’t Earn Enough To Qualify for a Median-Priced Home
The National Association of Realtors recently released new data showing many homebuyers found it slightly more difficult to afford a house purchase in June.
Here’s How Fast Home Prices Are Growing Across the US
New York Tops List of 20 Metropolitan Markets
The price for a pre-owned single-family home in the United States is at an all-time high for the third straight month, with New York overtaking San Diego, California, for the faste...
Northern Virginia Still Dominates US Data Center Growth Even as Sun Belt, Midwest Surge
Austin Has Most Planned Projects in Texas, CoStar Data Shows
Global data center capacity is projected to surge in the next five years to meet the rapid adoption of emerging technologies such as artificial intelligence. The United States, wit...