Florida Realtors economist: Whatever the price point, buyers have fewer options this year than they did last year. But the affordable home supply suffered the most. The amount of single-family homes with a value of $300K or less declined over 60%.
S&P Case-Shiller: An army of buyers competing for fewer homes pushed prices up 13.3% in March, for the biggest year-to-year home price gain since December 2013.
Up to 50 local or rural communities can apply for money through a competitive funding program that’s designed to help youth “change the trajectory of their lives.”
Rising home prices, material costs and a labor shortage have taken their toll, builders say, and more potential new-home buyers have been priced out of the market.
When private insurers cancel a policy, homeowners should find replacement coverage ASAP to avoid forced insurance that can cost up to 10 times as much.
A rising cost for lumber has added thousands to the price of a new home, and an ongoing U.S.-Canada dispute could make things worse. Pres. Trump raised tariffs to 20% in 2018 and later lowered them to 9%. The Biden Admin. now proposes an 18.32% tariff.
As more urban dwellers moved to small towns with affordable home values, investors moved with them. In many smaller towns, more first-timers are losing bids to cash investors.
Agencies can’t ding credit scores of owners skipping monthly payments via forbearance. As a result, their scores are up 14 points; non-forbearance owners are up only 7.
An Arizona agent with 427K TikTok followers says a lot of her leads come from parents who say their child saw one of her educational posts and told them about it.
Consumers won’t pay sales tax for many disaster supplies starting Friday, a back-to-school holiday is in Aug., and a new July holiday nixes sales taxes on leisure events.