More buyers are backing out of housing contracts

Jan 26, 2023
They're down about 26% compared to a year ago.
When buyers back out of contracts, that can slow down construction of new homes, said Clint Mitchell, CEO of Estridge Homes in Indianapolis.
Jim Watson/AFP via Getty Images

Rents are way up. How are landlords picking the price?

Jan 25, 2023
The national median rent has risen over 20% since 2020, according to Apartment List. And the use of pricing algorithms used by some of the nation's biggest corporate landlords might be playing a role.
While smaller landlords still usually look at comparable units for determining prices, bigger corporate landlords use algorithms.
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Renting is now cheaper than owning in most of the country

Jan 20, 2023
A new report from ATTOM says it's now cheaper to rent than own a place in most parts of the country.
A new report says that renting a place in most of the country has become cheaper per month than owning. 
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3 real estate agents on the cooling U.S. housing market

Jan 17, 2023
“I don’t know what this year is going to bring,” said one experienced Montana agent.
After a sizzling few years, there's a chill in the U.S. housing market, and mortgage rates have been volatile. Above, downtown Truckee, California.
Courtesy David Westall

Can millennials afford a house without family help?

Jan 6, 2023
Home prices are high and incomes aren't keeping up. Some first-time buyers receive loans or gifts from a family member or friend to help with their down payment.
A view of the San Francisco skyline from Alamo Square Park.
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High mortgage rates, recession fears: Who actually wants to buy a house in 2023?

Dec 29, 2022
Pending home sales have dipped, and economists expect the market to continue to droop.
"Overall annual sales next year will be lower," said Lawrence Yun of the National Association of Realtors. 
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Demand, construction slowing for single-family homes

Dec 19, 2022
This year will see the first year that single family home building has decline since 2011, according to the National Association of Home Builders.
An aerial view of new homes under construction.
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She left California for Arizona, but found high rent and lower wages

Dec 5, 2022
Taylor Jenkins learned the hard way that the Phoenix area had become a top destination for those leaving expensive coastal cities.
Taylor Jenkins moved to Arizona from the San Francisco Bay Area in search of more affordable housing, but she struggled to find it there. Above, Jenkins in Arizona.
Courtesy Taylor Jenkins

Home prices are falling. That's good news for the Fed's fight against inflation.

Nov 29, 2022
September data shows they were still higher than a year earlier, though.
National home prices dropped 1% in September from the previous month — in tune with the Federal Reserve's hopes.
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The housing market is looking less and less appealing to consumers

Nov 25, 2022
Americans see this as a bad time to buy a home, according to a consumer sentiment survey from the University of Michigan.
Despite slowing, the housing market is still holding its own, historically speaking, says Jonathan Miller, president and CEO of Miller Samuel Real Estate Appraisers.
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