he COVID-19 pandemic sent rental prices tumbling as city dwellers fled for the hills, but the latest data shows those prices haven’t just recovered—they’re surging to a new all-time high. Median rents jumped 13.6% compared with last year in the 50 largest metro areas of the U.S. as people start to return to cities, according …
Home buyers are seeing a break from rising mortgage rates as the bond market finds its equilibrium, but that doesn’t mean most Americans will save money when they purchase property. The 30-year fixed-rate mortgage averaged 2.98% for the week ending Nov. 10, down 11 basis points from the previous week, Freddie Mac reported Wednesday. A …
New home construction ebbed in October, but permitting activity continued at a steady clip, pointing to the challenges builders are facing in starting and completing projects. U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.52 million in October, representing a 0.7% decrease from the previous month, the U.S. Census Bureau …
New Home Construction Slows as Builders Grapple With Supply-Chain Headaches Read More »
