For any number of reasons, U.S.-born workers have been reluctant to join the construction workforce, leading to consistent labor shortages and rising wages – meaning the prices of new housing is going up, too.
The real estate community has long complained about appraisals that lagged the market, but the report from the FHFA documents that their gripes are valid: Undervaluations spiked to 15 percent in 2021.
I’ve decided to put my 50-plus years of writing about the housing business to work by offering my faithful readers a free online seminar on how to get rich in real estate without hardly trying.
Scrap tires have been recycled for years into building products like flooring, infill decking and septic system drain fields. But they’re not the only thing. From coal ash to washed-up seaweed, our homes help reduce and reuse.
The Federal Housing Administration is poised to update the 203(k) program, which allows borrowers to purchase a house and include the cost of repairs or rehabilitation in a single mortgage.
Good real estate agents go to great lengths to bring a deal to fruition. And much of what they do is behind the scenes, so you’ll never see it. And you think they don’t earn their commissions?
Most brokerages tend to hire anyone who can fog a mirror, turning them loose with hardly any training other than what they learned to pass their licensing tests. And as a result, the business is overrun with too many agents chasing too few deals.
If you’re like most house hunters these days, you started your search online. And chances are, you overlooked Homes.com entirely. But starting in the new year, the site is planning to give the two heavyweights a run for their money.
It’s time to place the for-sale existing house on the endangered species list, right alongside the African forest elephant, the Yangtze finless porpoise and other critically threatened varieties.
A couple of years ago, a Florida church celebrated making the final payment on the church’s mortgage by burning the document. But that century-old ritual comes with some huge risks.
Florida recently enacted a bill that limits some foreigners from owning property in the state – a move that shocked some. It’s one of six states that passed laws this year barring foreigners from buying homes.
The Biden administration is taking steps to help create more affordable houses and apartments, which could help fill the inventory gap that plagues the housing sector.
The existing home market has been stymied – by mortgage rates in the 8 percent range and ultra-low inventory – and it’s created an opening for builders to take credit for double their normal share of sales.
It has long been suspected that some agents engage in “steering” – guiding their buyer-clients away from low-paying listings. And the authors of a new, large-scale study say they’ve unearthed proof.
I am old enough to remember how the soldiers returning from Vietnam were “welcomed” home. Fast-forward 50 years or so, the country – and the housing sector – can’t seem to do enough for our fighting heroes.
The common wisdom is that would-be homebuyers with lower credit scores benefit the most from improving them. But that’s not the case, says a new survey.
Attaching a check to the offer on a house you hope to purchase is the right way to signal your intentions to the seller. But that means you need to keep your side of the bargain, too.
It’s not an everyday occurrence. But once in a while, a homebuilder abruptly shuts down, leaving customers holding the proverbial bag.
It happens every election cycle: “If that guy wins,” one side or the other vows, “we’re moving to Canada.” It turns out that’s a lot harder than you might think in practice.
Every homeowner who is considering hiring a contractor to do some work in or around their house should become familiar with the mechanic’s lien laws in their home state.