Soaring interest rates, inflation ‘headwind’ slowing real estate demand: Expert
The Perot Group Chairman Ross Perot Jr. says new home sales ‘depend on the market,’ which is facing inflation and rising interest and mortgage rates.
Recession dependent on ‘policy, leadership’ out of Washington: Perot Jr.
The Perot Group Chairman Ross Perot Jr. argues current fiscal policies will lead the U.S. to a recession.
30-year mortgage rate sees largest decrease since March
Mortgage rates decreased slightly last week but affordability remains a challenge for many homebuyers, according to economists.
New home sales plunge nearly 17% in April
The Census Bureau reported that the median sales price of new homes hit $450,600 last month. With interest rates now upward of 5%, the rising cost of homeownership is pricing more would-be buyers out of the market.
Texas, Virginia, Florida metros are still 'relatively' affordable: report
Prices in metros that were once affordable are climbing and increasingly pricing out buyers from the market. Inflation, now at a nearly four-decade high, is worsening the impact.
Seller profits drop at fastest pace in a decade amid home price growth slowdown: ATTOM report
Home price growth slowed in the first quarter of 2022 and home sellers saw their profits drop at the fastest rate in about 10 years, a new report said.
Existing home sales fall for third straight month, slowest pace since June 2020
The sale of existing homes declined in April to a pace not seen since June 2020 amid rising interest rates and sky-high home prices.
When is a line of credit on your mortgage the best choice?
HELOCs can be used for renovations, large purchases, debt consolidation of higher interest credit cards and loans, and college tuition.
Alabama couple search for country escape on 'American Dream Home'
Cheryl Casone, host of "American Dream Home" on FOX Business Network, profiles a couple looking to buy a country escape in Oneonta, Alabama.
Asking rents reach record high in April, some areas see 30% surge in prices
According to a new report from Redfin, rents are starting to grow at a slower pace, a potential sign of relief for renters, especially those seeking to save up for a down payment on a home.
The reason why more homeowners were considered 'equity rich' in 2022's first quarter
Rising home prices caused many homeowners to become equity rich in the first quarter of 2022, according to a new ATTOM report.
Millennials, boomers part of 'triple threat' driving up housing prices: Real estate expert
Pretium CEO Don Mullen predicts a "crisis of affordable housing" due to a triple threat problem fueled by generational conflict.
Housing prices 'will continue to have upward pressure' as demand exceeds supply: Expert
Macro Trends Advisors LLC founding partner Mitch Roschelle argues that construction of new homes falling in April for the second month in a row is 'more of a materials and labor story than it is about the broader housing market.'
Higher mortgage rates creating ‘wave of demand destruction’: Real estate expert
Pretium founder and CEO Don Mullen signals the U.S. consumer is pushing back against inflation and higher costs in the housing market.
Single-family home inventory ‘stuck in baby boomers’: Real estate expert
Pretium founder and CEO Don Mullen says the U.S. spent a decade underbuilding new homes, which is forcing all prices higher.
Inflation causing increased ‘concern’ for homebuilders: NAHB CEO
National Association of Home Builders CEO Jerry Howard warned that inflation is causing increased “concern” for the industry.
The best places to live in the US in 2022-2023: A new city is crowned
The rankings are in, and a Southern city has toppled a Rocky Mountain destination as the best place to live in the U.S. in 2022-2023, according to U.S. News and World Reports.
On Sanibel Island, Florida, an Ohio couple's search for a dream home comes true
This week's episode of "American Dream Home" took viewers to Sanibel Island, Fla. An Ohio couple left the frigid winters behind for the sandy shores of Florida in a hot market: Sanibel home prices were up almost 50% year over year, with the median home price sitting at $1.1 million.
Goldman Sachs-backed firm buys Florida community of single-family homes for $45 million
An investment fund backed by Goldman Sachs has recently purchased an entire community of 87 single-family rental homes in Central Florida for just over $45.7 million, according to reports.
Real estate expert on ‘strong’ apartment rental demand as housing affordability poses nationwide challenges
Marcus & Millichap CEO Hessam Nadji on apartment rent growth as soaring home prices discourage buyers