The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data. Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing millions of people to share homes with non-relatives. […]
Zillow: US housing shortage hit 4.7 million in 2023 Read More »
After a few months of relative calm, President Donald Trump issued a flurry of new tariffs on key trade partners while indicating an extension of deadlines for most countries to reach a trade deal with the U.S.. Trump paused his new global tariff regime less than a week after it was announced on April 2,
Back on the tariff roller coaster: Trump imposes new levies, extends deadlines Read More »
The National Association of Realtors (NAR) praised the narrow passage of President Donald Trump’s One Big Beautiful Bill Act — a sweeping tax reform measures that includes a slate of real estate-related provisions. Last week, the legislation passed the House of Representatives by a vote of 218-214, which followed a 50-50 vote in the Senate
NAR celebrates passage of the ‘Big Beautiful Bill’ Read More »
When Elon Musk was given control over much of the federal government staffing levels at the start of President Donald Trump’s second term, real estate professionals in Washington, D.C., wondered if the sweeping layoffs would impact the housing market. While everyone has taken a wait-and-see approach, it’s getting hard to deny that people are moving
It’s official: DOGE cuts are impacting the DC housing market Read More »
The rapid rise in home prices and housing costs over the past five years has strained affordability in every part of the country, but a new study seeks to put a finer point on which metropolitan areas are getting hit the hardest. Realtor.com calculated the share of income a typical household spends on housing by
Here are the three metros where homeownership is still affordable Read More »
The housing affordability crisis often conjures images of coastal urban cities with acute housing supply shortages and heavy land-use regulations. While these places do tend to have the highest home prices, it’s not where costs are rising the most. That’s according to a sprawling new study from JPMorgan Chase that examines affordability from a number
The pandemic made housing less affordable, but not in the obvious places Read More »
The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are
How to think about home prices for the rest of 2025 Read More »
On the surface, Seattle’s housing market looks like any other in the country. The inventory of single-family homes for sale is up substantially year over year. New listings are up slightly, sales remain subdued and home prices aren’t moving much. That’s the story in the majority of housing markets. But Seattle is wrestling with a
Seattle housing market wrestles with crippling affordability concerns Read More »
The cost of owning a home in the U.S. has jumped sharply in recent years, reaching an average of more than $1,700 per month in 2023 — a 17% increase since 2020 — according to an analysis by First American senior economist Sam Williamson. Using the most recent U.S. Census Bureau data, Williamson found that
First American: Rising costs squeeze homeownership for millions Read More »
The wave of migration set off by the COVID-19 pandemic pushed home prices through the roof in towns that had previously been relatively sleepy. While data shows that some narratives at the time proved to be a bit overstated, there’s no question that it reshaped housing markets across the country. A recent study from Point2Homes
These suburbs saw the largest increases in renters during the pandemic Read More »