Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month.
Two of the biggest-name brokerages that sought to challenge the established hierarchy of residential brokerages announced major layoffs Tuesday as buyer frenzy cooled nation-wide.
The U.S. housing market is slowing as would-be buyers struggle with rising borrowing costs and a persistent shortage of properties for sale.
A team of researchers at the Federal Reserve Bank of Dallas issued a stark warning last week that American home prices “are again becoming unhinged from fundamentals.”
The coronavirus pandemic has suddenly filled the housing market with uncertainty. Will hot areas bounce back? Or will everything slip into a slowdown?
Construction of new homes surged in December to the highest level in 13 years, capping a year in which falling mortgage rates and a strong labor market helped lift the prospects of the housing industry.
Connecticut single-family home sales edged lower in July as the median sale price reached a six-year high for the month, according to the latest report from The Warren Group, publisher of The Commercial Record.
A 25-year homebuilder and outspoken advocate on housing policies, Torrington-based T&M Building Co. President Greg Ugalde is taking a leadership role on the national stage as the 2019 chairman of the National Association of Home Builders.
A new report from the New York Federal Reserve sheds a little light on a question that’s been hanging over the American real estate market: Has the massive tax overhaul adopted by Congress in late 2017 had any effect on whether consumers want to buy or sell homes?
The number of people who commute 90 minutes or more to work are on the rise in Fairfield County, according to a new study.
Wall Street started 2018 strong, buoyed by a growing economy and corporate profits. It isn’t ending that way.
The housing market could stall if interest rates spike by more than 1.5 percent, according a recently released analysis from Freddie Mac.
Despite some recent bumps, the U.S. housing market remains on track to exceed last year’s best-in-a-decade levels for housing starts and home sales, according to a Freddie Mac June outlook report released last week.
A home typically went under contract in 40 days last month, 10 days faster than a year earlier, according to a recent report from Redfin.
The U.S. housing market will rise steadily and contribute significantly to economic growth in the coming year, according to a majority of analysts in a Reuters poll who nearly all agreed that further stimulus was not required.
The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.
U.S. housing starts surged to a more than nine-year high in October as builders ramped up construction of both single and multifamily homes, offering hope that housing will contribute to economic growth in the fourth quarter.