Super Bowl Sunday is almost here. If you are from Boston or Los Angeles, you may be psyched to see your city compete, and if you are from Kansas City or New Orleans, you may be bummed that your team just barely missed out on Sunday’s championship. But, there are plenty of cities across the […]
In some coastal areas, only a small portion of homes are affordable to the typical millennial—but in certain inland cities, nearly 90 percent of the housing market is affordable for the generation. St. Louis was the most affordable metro for millennials as of the end of 2018, with more than 88 percent of homes for […]
In San Jose, December 2018 and the first few weeks of 2019 brought new lows for home-price growth and bidding wars. The median home price in the San Jose metro area was down 8 percent annually to $975,000 for the month ending on January 20. That continues a trend that began in December when local […]
The prospect of making a down payment and securing a mortgage became even more difficult for federal employees who have gone without a paycheck for the last five weeks and remain in financial limbo with the temporary reopening of the government. Roughly 800,000 federal workers around the country were either furloughed or working without pay […]
Although the number of homes for sale is increasing rapidly in some markets, the number of affordable homes for sale is falling. We have written a lot recently about rapid growth in the supply of homes for sale in many markets such as San Jose and Seattle. But with both home prices and interest rates […]
Sales of new homes in all four major US regions dropped in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December. Here’s a look at the annual drop in single-family new-home sales (seasonally adjusted) across the country in the final […]