Real Estate

Real estate development, sales, and market trends.

ARTICLES

  • This is how much you need to earn to live in America's most expensive cities

    Here's how much cash you need to pull in to live in the priciest U.S. markets
    The most expensive cities to live in are – you guessed it – in California. But how much, exactly, do you have to make in order to afford to live there? A recent study by HSN.com revealed the least and most affordable U.S. cities and what salary you’d need to pull in to live there, and this is what it found.
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  • April's dip in home sales may portend "significant gain" in May, economist says

    March's signed contracts were supposed to have turned to sales by now
    Housing economists were left scratching their heads this week over a NAR report showing U.S. existing home sales fell in April. In the prior month, pending home sales climbed to an eight-month high and were up by nearly 4% from the prior month. You sign a contract and a month or two later you buy the home. That’s the way it’s supposed to work. So what gives?
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  • April's depreciating home prices could signal the market reached its peak

    April marks the first monthly decline in 7 years
    In April, the median U.S. home depreciated 0.1% in value from the previous month, marking the first monthly decline in seven years, according to Zillow’s latest housing market report. Zillow Director of Economic Research Skylar Olsen said the likelihood that home values have peaked in several local markets is real.
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  • Hey, Mr. President, what about removing lumber tariffs to make homes affordable?

    Tariffs on Canadian lumber add $9,000 to the price of a new house, NAHB said
    Canadian softwood lumber used to build U.S. homes currently carry tariffs of about 20%. That adds $9,000 to the price of a typical new home and more than $3,000 to the cost of a multifamily unit, NAHB said. At a time when all eyes are on U.S. housing affordability issues, the trade dispute with Canada is "needlessly driving up housing costs," Greg Ugalde, chairman of NAHB, said in a statement.
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  • NAR: Monthly existing home sales fall 0.4% in April

    But inventory growth likely to spur sales
    In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said he is not overly concerned about April's 0.4% dip in sales and expects moderate growth very soon.
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  • Want to make more money selling your home? Don't move out

    Vacant homes sell for $11,306 less than comparable occupied homes
    Redfin says America's vacant homes are not only selling for less money, but they're also spending more time on the market. In fact, Redfin's data indicates the average vacant home now sells for $11,306 less and spends six more days on the market than comparable occupied homes.
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