A new opinion piece claims that housing may be in for a boom period, following the Fed's new, dovish policy to halt interest rates hikes for 2019, and February's strong existing-home sales data.
Existing-home sales had one of the biggest monthly gains on record in February--up 11.8 percent, according to data from the National Association of Realtors.
The costs of homeownership and having children are rising, especially on the coasts. A new study finds the best cities on the West Coast to settle down and raise a family.
America's "twin dysfunctions" in its demographics, overflowing urban hubs and rural communities struggling with brain drain, has experts searching for solutions. One may be greater investment in second-tier research universities.
In February, tight supply of existing homes undercut potential sales for these homes at a 2.9 percent seasonally adjusted annual rate, totaling 153,000 in lost sales, per the latest data from First American.
Following the recent Fed announcement that there will be no further rate hikes in 2019, the average rate for 30-year fixed home loans dropped from 4.40 to 4.34 percent, according to Mortgage News Daily.
While supply is ticking up, interest rates are down, and home value growth is slowing, homebuyers still face a major headwind in the spring market: a lack of affordability.
