According to Rick Palacios Jr., director of research for John Burns Real Estate Consulting, “The stigma of renting has ... gone away,” and this is proving especially true for Baby Boomers entering their Golden Years.
"It's your life. Take the keys." This is the tagline for the Atlanta-based PadSplit. The startup works with owners of single-family homes to fix up and then rent out individual rooms.
Even though the peak spring real estate season is underway, fewer Americans believe now is a good time to buy a home. New poll data show that sentiment hit an 11-year low.
Home prices and remodeling spending are slowing down faster than experts anticipated. A new report shows that single-family permits are down 8.4 percent annually, and remodeling spending fell 10.1 percent in March.
The first estimate of gross domestic product (GDP) growth in the first quarter of 2019 shows that housing's share continues to trend downward, hampered by the affordability crisis.
California's affordability crisis has market economists pushing for more homes to be built as a solution, but many residents and local advocates worry that new market-rate structures will "supercharge" gentrification.