Real Estate

Data show a slight decline from 89 percent in the previous quarter, with housing affordability also showing slight improvement.

Voters in outer suburban housing hotspots swung to Labor, driven by affordability pressures and promises of long-term support.

Rent growth eases slightly, but affordability pressures persist as capital city rates stay elevated and regional markets show mixed movement.

Many Americans are still being priced out of homeownership due to high interest rates and increasing home costs, according to a real estate finance expert.

Multifamily building permits declined 27 percent from pandemic highs, with Austin, Texas, leading in new permits while cities like Stockton, California, stall.

Home buying and selling remained sluggish last month due to affordability challenges, NAR’s chief economist said.

Offerings include interest-rate buy down programs, forward commitments, and 40-year mortgages.

Elevated mortgage rates contribute to keeping prospective buyers from owning a home.

San Antonio saw the largest decline in property prices, followed by Oakland and Jacksonville.

The median home sales price continued to grow at 2.7 percent year over year to a new national median of $403,700, an all-time high for the month of March.

Columbus, Ohio, saw the largest monthly price decline among 50 metros, while San Francisco reported the biggest gain.

Cautious homebuyers remain on the sidelines.

The exemption of key housing material suppliers, Canada and Mexico, from global tariffs have been welcomed by industry experts.

Landlords are cutting back on rental concessions, which are expected to drop further as competition for properties increases.

Construction input prices have risen for the third consecutive month in March, putting pressure on real estate developers.

Most home sellers believe that it’s important for their listings to be publicly viewable for free, whereas many celebrities tend to value privacy over money.

Overall, rental costs have risen by more than 50 percent over the past 10 years.

The San Jose metro’s median listing price of $1.39 million is the highest in the nation.

In a fiery housing debate, Sukkar calls it a sliding door moment while O’Neil says boldness is required to tackle 40 years of neglect.

‘Parties and candidates who are vying for votes must step up and deliver the policies that will shift the dial on the housing crisis.’