Pending Home Sales Leap 4.8% Annually in May as Buyers Join Late-Spring Rush
Pending home sales rose in May both on a monthly and annual basis, reflecting a late-spring buying rush that may signal homebuyers' acceptance of mid-6% mortgage rates as the new normal. Contract signings increased 3.8% month over month and 4.8% year over year, according to the National Association
The Typical Home Will Cost a Million Dollars as Millennials Hit Retirement, Economist Says
The median U.S. home price will likely hit $1 million around the year 2050, when the millennial generation is hitting the traditional age of retirement, a top housing economist has predicted. "Essentially, in about 25 years the national median home price will be a million dollars," Lawrence Yun, chi
The American Home Built a Nation—Now the Nation Is Struggling To Build Enough Homes
The year was 1760. Abraham Choate was just 30 when he built a dream home for his family of nine in Ipswich, MA. The two-story timber-frame house was humble by many standards, but it was big enough to make the neighbors talk. “[My neighbor] Exclaims against my New House and thinks that it is too big,
Congress Reaches Compromise on Major Housing Bill After Months of Gridlock
Congress appears poised to give a final nod to a comprehensive housing reform package after months of stalled progress, setting the stage for President Donald Trump to sign it. The Senate voted 87-8 on Tuesday night to consider the House's amended version of the 21st Century Road to Housing Act. The
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