Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic
Are Fed Rate Hikes a Thing of the Past?
The Federal Reserve held rates steady again in December and forecasts three rate cuts in 2024
What's in Store for the National Housing Market in 2024
According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge
Gas Prices Contribute To A Large Increase In Consumer Inflation
The consumer price index, which measures the cost of living, rose by a seasonally adjusted 0.6 percent last month, the largest jump in…
Conditions Are Right For A Fed Rate Hike
The job market, stock markets, and inflation numbers are all strong, and the global economy is stable. If Mark Zandi, the chief…
Luxury Homes Are Plentiful, And Prices Are Rising
More than half the houses on the market at the end of 2016 were luxury homes. Even though it’s a buyers’ market, the median value for…
Developers Capitalize On East Austin’s Coolness Factor
Over the last five years, the East Austin neighborhood in Austin, Texas, has transformed from sketchy to hip. Renters, homeowners,…
Buyers Dominate Eastern Markets
Based on how long homes stay on the market and the percentages of homes with price cuts, nine of the top 10 markets for homebuyers are…
Millennials Are Less Mobile Than Other Generations Were At The Same Age
High rents, tight credit, student loans, and a preference for an urban lifestyle keeps today’s young adults from moving
Big Cities With The Highest Paying Jobs
As expensive as real estate is in San Jose, at least many residents who live there make a lot of money.
…
Time Is Money, Which Goes Toward Rent
Housing affordability is usually framed as the percentage of one’s income that goes toward rent. But what about the time spent to earn…
Lennar Acquires Florida-Based Luxury Home Builder WCI Communities
After the initial announcement in September, last week Lennar officially acquired WCI Communities, a developer and luxury home builder,…
Slow Price Growth Expected For Housing Market This Year
Existing-home prices rose 5 percent year-over-year in 2015 and 7 percent in 2016, but according to the National Association of Realtors…
