At the root of this problem: America failed to build enough homes for its growing population. The shortage strikes at the heart of the American dream of homeownership – dampening President Joe Biden’s assurances that the U.S. economy is strong.
Over 100 housing market experts surveyed by listings portal Zillow expect the nation’s median home price to bottom out over the course of this year as buyers’ inability to afford current prices and mortgage rates severely curtails demand.
Leading housing economists at Fannie Mae now predict that home prices will shrink next year, instead of growing 4.4 percent as they had previously forecast.
Two new reports underscore the affordability challenges buyers face in today’s housing market.
A new report from First American Financial Corp. suggests that housing affordability in Connecticut fell sharply in March.
Top producers often can correctly price properties without even looking at the comparable sales. Nevertheless, knowing where the property will sell and where to price it to are two entirely different questions.
According to new research from First American Financial Corp., local house prices could comfortably rise even further thanks to low interest rates.
U.S. home prices jumped in October by the most in more than six years as a pandemic-fueled buying rush drives the number of available properties for sale to record lows.
Housing prices are rising so fast around the country – “too fast,” as the chief economist at the National Association of Realtors said recently – that they are all but obliterating any gains buyers are seeing from record-low interest rates.
A new report from brokerage and online home listings site Redfin says bidding wars are not slowing down, even as the typically slow fall and winter months arrive.
It may be too early to forecast exactly what lies ahead for the housing market once COVID-19 passes into the history books. But at this point, the sector seems poised to retake its place in leading the economy back from the coronavirus-inspired recession.
Unemployment in eastern Connecticut is soaring, despite relatively few cases of COVID-19 in the region, largely because the pandemic forced two giant casinos to suspend operations.
A new poll by survey firm Morning Consult and the National Association of Home Builders has found tour out of five American households believe the nation is suffering a housing affordability crisis and at least 75 percent report this is a problem at the state and local level as well.
Growth in home prices contributed around 15 percent of the growth in America’s GDP during what is now the longest economic expansion in the country’s history, according to a new report from housing data firm CoreLogic.
Median home prices in the second quarter of 2019 were not affordable for average wage earners in 74 percent of U.S. counties.
Connecticut single-family home sales declined in May as the median sale price reached an 11-year high, according to the latest report from The Warren Group, publisher of The Commercial Record.
Hartford-area residents are expected to increase their spending on home remodeling by 6 percent in the last two quarters of 2019, according to a new study from Harvard University.
Connecticut single-family home sales declined in April, as the median sale price remained unchanged on a year-over-year basis, according to the latest report from The Warren Group, publisher of The Commercial Record, while condominium sales increased.
The strength of demand for homes in the Hartford area helped push one local loan originator into the top ranks of his colleagues statewide.
Nearly two-thirds of New Haven County’s homebuyers in recent years are Millennials, a new study from the National Association of Realtors has found.
