US Real Estate

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.

Rates on the benchmark 30-year fixed mortgage have climbed above 7 percent amid tariff and bond market turbulence.

The 10-year treasury yield, which is directly proportional to mortgage rates, has been on the rise since April 4.

Many baby boomers are purchasing homes entirely with cash, according to a real estate economist.

With 42 percent, baby boomers now make up the biggest generational group of homebuyers.

The report analyzed occupancy rates, vacancy duration, and renter competition.

The combined company will service more than $2 trillion worth of mortgages.