Tag: housing
The price premium on new-construction homes is dissolving. New home prices dropped in 30% of large U.S. cities last quarter
While new-construction homes have historically been more costly than buying an existing house, that trend is changing in some markets. Last quarter, year-over-year median...
Oakley’s billionaire founder is the latest victim of the sluggish luxury housing market—but the profit he could still make shows an underlying problem
Even the wealthiest Americans are contending with today’s housing market. Take James Jannard, the billionaire founder of luxury eyewear and apparel brand Oakley, as...
The ultra-wealthy expect hotel-level amenities for their homes—and developers are racing to keep up
While amenities like a gym and a pool are considered attractive features by most apartment seekers, the nation’s wealthiest renters see these as basic...
These are the 10 hottest ZIP codes in the U.S.
Beverly, Massachusetts is the nation’s hottest ZIP code, according to a study by Realtor.com. Houses in the area sell in just 16 days. The...
Wall Street’s view of a ‘Kevlar economy’ has just been shattered, but red flags were lurking under the radar
The recent batch of indicators has punctured the notion on Wall Street that the U.S. economy is bulletproof and can withstand headwinds like President...
Bob on Business: Housing data for first half of 2025 shows market stabilizing
The Greater Fort Worth Association of Realtors and the Fort Worth Apartment Association joined together to provide a look at the first half of...
Not even a 0% mortgage rate would make buying a house affordable in these 6 U.S. cities
There are several factors affecting housing affordability in the U.S.—and stubbornly high mortgage rates are something felt across the country.
During the pandemic, buyers enjoyed...
This Detroit startup is turning to utilities to make home efficiency upgrades cheaper | TechCrunch
Ask any homeowner: renovation projects are no fun at all. From finding a contractor to determining a fair price, the process is rife with...
Warren Buffett’s Berkshire Hathaway and Zillow say mortgage rates can’t fall enough for Americans to afford a home
During the pandemic, home buyers got accustomed to sub-3% mortgage rates, which made purchasing a house feel more achievable. But in the past couple...
The mortgage rate decline it would take to make an average home affordable is ‘unrealistic,’ Zillow says
During the pandemic, one of the few things people enjoyed were low mortgage rates. From spring 2020 through 2021, mortgage rates were around or...