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.
In February, overall house prices registered their smallest year-over-year gain since September 2021. Even so, housing’s share of the Consumer Price Index rose at an accelerated pace.
A luxury homebuilder who is already facing fraud charges has been indicted for allegedly obstructing a grand jury investigation.
One of the first questions buyers ask these days is: How far over the asking price should I go to get the house I want? Obviously, it all depends.
Anyone hoping builders will be putting up enough houses to alleviate the shortage on the market may just as well wish to see the tooth fairy.
Many people rely on online reviews to decide what to buy. Indeed, research from Nielsen Global Media shows that opinions posted online are second only to personal recommendations in influencing purchase decisions.
An offer can easily disappear if a seller isn’t around to accept or counter it. If you are totally out-of-pocket for days at a time, your wannabe buyer might just move on.
The National Association of Home Builders (NAHB) rolled new resources on Tuesday to help residential construction companies address the opioid crisis facing the home building industry.
Gas prices shot up 73 percent in 1973, the year OPEC lowered the boom on the U.S. economy. Pumps went dry and irate drivers queued up in long lines at service stations; some resorted to stealing precious fuel from their neighbors’ cars at night.