Housing starts in the US fell in October to the lowest level since the onset of the pandemic as data delayed by last fall’s government shutdown showed builders continued to cut back amid still-high prices and mortgage rates. Processing Content New residential construction decreased 4.6% to an annual rate of 1.25 million homes in October, […]
US housing starts fall to lowest level since May 2020 Read More »
Almost all of the top markets for first-time homebuyers are located in the eastern half of the United States, a new report from Realtor.com found. Processing Content Rochester, New York, topped the list based on factors including affordability, inventory and local amenities. Rochester placed second last year behind Harrisburg, Pennsylvania, which ranks second in 2026.
10 best markets for first-time homebuyers in 2026 Read More »
Shares of Blackstone Inc. and other housing-related companies tumbled after President Donald Trump said he would move to ban institutional investors from buying single-family homes. Processing Content Blackstone stock fell by as much as 9.3%, before trimming some losses, after Trump said he was “immediately taking steps to ban large institutional investors from buying more
Blackstone, homebuilder shares plunge on Trump housing comments Read More »
A quarter of millennials have more debt than savings, with less than 45% of the post-college demographic able to stomach a 10% down payment, according to Clever Real Estate. Processing Content Just about all of the 29-to-44 year old cohort surveyed report holding at least one significant homebuying anxiety, as 40% say they’re desperate to
How cash-strapped are millennial home buyers? Read More »
The housing market looks set to stabilize this year as home-price growth slowed to a 14-year low in the final months of 2025, new industry reports said. Processing Content Annual home-price appreciation ended last year at 0.7%, the smallest calendar-year increase since 2011, when prices dropped 2.9%, according to Intercontinental Exchange’s Home Price Index. Cotality
Affordability in the housing market improves to close 2025 Read More »
Flush with deposits, U.S. banks are buying up mortgage bonds and betting that the asset class will get a further boost in 2026 from relaxed capital rules.Late last year, commercial bank holdings of mortgage paper reached the highest level since 2023, and stood at more than $2.7 trillion toward the end of December, according to
Banks snatch up MBS that notched best returns since 2002 Read More »
The effect of surging insurance costs over the past few years is raising alarms for many homeowners, with nearly half saying higher premiums are “seriously” influencing new purchase strategy. Processing Content Approximately 49% of homeowners said insurance costs factored in either “very heavily” or “seriously” behind purchase decisions, according to a recent survey from Kin.
Insurance costs ‘seriously’ influencing many home purchases Read More »
New York City Mayor Zohran Mamdani rescinded all executive orders issued by his predecessor over the last 15 months as part of a flurry of actions as the city’s new leader took office Jan. 1. Processing Content The directive revoked all executive orders former mayor Eric Adams had issued since Sept. 26, 2024, the day he was
Mamdani begins term by wiping out 15 months of Adams’ orders Read More »
The number of residential remodeling businesses hit a record-high earlier this decade, with the pace of their growth more than doubling that of builders. Processing Content Total remodeling enterprises came in at 128,187 at the close of 2022, according to the National Association of Home Builders analysis of U.S. Census data. By comparison, only 77,455
Gap between remodel, homebuilder businesses keeps growing Read More »
Zohran Mamdani promised to lead New York City as a democratic socialist during a frigid inauguration ceremony on the steps of City Hall, a warning to those who believed he might moderate his positions after taking office. Processing Content The nearly two-hour long event Thursday featured speeches by two of the US’s most liberal members
Mamdani digs in on progressive agenda at NYC mayor inauguration Read More »