New-home sales dropped almost 7 percent over the previous month in January, and decreased four percent annually, surprising industry experts amid recent growth in builder sentiment.
The dearth of housing supply in Washington, D.C. continues to challenge the local housing markets, as sales dropped in February 2019 for the seventh month in a row.
In 2018, townhome construction was up, and surpassed other sectors throughout the year. Despite some market softening in the fourth quarter, experts predict "further expansion" for townhome construction in 2019.
The average U.S. household over 65 years of age spends a little more than $49,000 per year, but in four cities, annual cost of living is closer to $100,000.
Based on Census data, a new study ranks the top 10 rising U.S. markets in real estate this year, measuring changes in home values, median household income, population and housing growth over the past five years.
Recent Quinnipiac poll data show that 43 percent of California voters say they can't afford to live in the state, and more than 75 percent believe that there's a housing crisis.
A panel of housing experts recently spoke on U.S. policymakers' responsibility to prevent natural disaster losses, the IPO boom coming to the Bay Area, and estimated home value appreciation over the next 5 years.
To determine how hot (or cold) the housing market is as the spring real estate season kicks off, a new study examines sales pace in the 250 largest U.S. markets from March 2018 to February 2019.
In 2018, U.S. homeowners collectively gained 8 percent in home equity, or $678 billion, per CoreLogic data. Per homeowner, that comes out to about $9,700 in added wealth.
