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Real estate

High mortgage rates, recession fears: Who actually wants to buy a house in 2023?

by Matt Levin
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. 
Brendan Smialowski/AFP via Getty Images
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Adventures in Housing

This Colorado brewery subsidized housing to attract workers

by Maria Hollenhorst
Dec 26, 2022
In Ouray, Colorado, high-priced housing is a labor force issue.
During the pandemic, Erin Eddy, owner of the Ouray Brewery in Southwestern Colorado began subsidizing housing for employees to help alleviate the staffing shortage. Above, the Ouray Brewery in October of 2021.
Courtesy Erin Eddy
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The housing market was a roller coaster ride this year

by Lily Jamali
Dec 21, 2022
Those looking to buy have spent much of 2022 adjusting and readjusting to higher mortgage rates.
This week's housing numbers weren't a good sign for the market, but there's hope a slowing of interest rate hikes could breathe life back into the sector.
Mario Tama/Getty Images
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What it means to buy a house on a block that loves Christmas

by Stephanie Hughes
Dec 20, 2022
Residents of 34th Street in Baltimore purchased not just a dwelling, but a whole new way of life during the month of December.
Joey Zeledon (left) and Martelle Esposito work on the display in front of their home on 34th Street in Baltimore.
Stephanie Hughes/Marketplace
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Homebuilder confidence drops for 12th straight month

by Meghan McCarty Carino
Dec 19, 2022
High mortgage rates are causing homebuilders to pull back. A measure of sentiment has dropped to its lowest level since 2012.
With mortgage interest rates nearly doubling this year, homebuilders are pulling back on new projects.
Frederic J. Brown/AFP via Getty Images
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Housing markets across the globe hit by rising rates

by Matt Levin
Nov 24, 2022
The U.S. isn't the only country with a central bank that's hiking rates. Here's how that's affecting housing markets around the world.
Apartments on the market in Berlin. Tightening monetary policy is cooling housing demand in Germany, but immigration may stimulate it.
David Gannon/AFP via Getty Images
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Home construction is weak, but apartment construction is booming

by Justin Ho
Nov 18, 2022
That's because apartment developers have a lot more incentives to keep building right now.
Apartment construction is way up, as rents rise independently of mortgage interest rates.
Spencer Platt/Getty Images
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More homes are sitting in Cleveland's real estate market, this broker says

by Amy Scott and Anais Amin
Nov 10, 2022
"The average days on market has gone from less than a week up to about 89 days," says broker Amanda Pohlman of Keller Williams Living.
"The market just isn't as robust as it has been," said Cleveland-based broker Amanda Pohlman.
Joe Raedle/Getty Images
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As the housing market cools off, buyers have "room to breathe"

by Meghan McCarty Carino
Oct 24, 2022
Rates are near 7% for a 30-year fixed mortgage, highest in two decades. For buyers who can afford it, shopping is less stressful.
Listings are staying on the market for about 19 days now, according to Zillow. That's much longer than in the spring.
Joe Raedle/Getty Images
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Church? Apartments? As youth population drops, developers reimagine schools

by Stephanie Hughes
Oct 18, 2022
Following the 2008 recession, people had fewer kids. Now, districts need fewer schools and are selling them to people with big dreams.
A potential buyer looks out the window of the empty library in Dr. Martin Luther King Jr. Elementary/Middle School in northwest Baltimore, which has been closed since 2020.
Stephanie Hughes/Marketplace
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