Tag: Housing Prices Figures
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A Housing Market Correction Is More Likely Than A Catastrophe
Text size Fears of a housing crisis are likely overblown. Stefani Reynolds/AFP/Getty Images About the author: Ken Shinoda is a portfolio manager with Jeffrey Gundlach and Andrew Hsu of the DoubleLine Total Return Bond Fund. In the depths of the pandemic lockdowns, some feared housing price and mortgage implosions on a scale of the 2007-2009 ... -
This city is ‘the epicenter of the housing crisis,’ says a Biden administration official
U.S. Department of Housing and Urban Development Secretary Marcia Fudge dubbed sunny Miami the “epicenter of the housing crisis in this country” during a visit Tuesday. Fudge made that stark remark on Miami’s affordability issues while visiting Liberty Square, a public housing complex in the South Florida city, according to the Miami Herald. To anyone ... -
Renting vs. owning: The difference is ‘higher than at any time since the turn of the century’
The housing market may be slowing down, but owning a home is still a costly proposition. Two charts reveal exactly how expensive it is. Just over a year ago, the monthly cost of owning and renting were practically identical, according to a blog post from John Burns Real Estate Consulting. “Now, owning a home costs ... -
The ‘cost to build a home in the U.S. has risen at an unprecedented rate,’ BofA says
House prices have been ballistic over the last two years, in part due to a big shortage in housing materials. A new report lays out what elements actually go into building a home, highlighting how complicated — and expensive — the process can get. “In the last three years, the cost to build a home ... -
5 economists and real estate pros predict the housing market this summer
Want to buy a home? Here’s what pros say you may want to know this home buying season. Getty Images/iStockphoto Home prices have been climbing, as have mortgage rates (you can see the lowest mortgage rates you can qualify for here), and many buyers are wondering: What’s in store for us this summer? We asked economists ... -
After 2 stormy years of ‘moonshot’ house prices, don’t hold out hope for a major correction. Why COVID-era property values may be here to stay.
There is hope for first-time buyers looking to enter the U.S. housing market, but observers say they will have to be patient. After a two-year surge in home prices during the COVID-19 pandemic, the housing market is finally showing signs of cooling — in terms of demand and sales, if not those persistently high prices ... -
‘Celebrating that your job gets to live in your house rent-free’: Remote work has fueled U.S. house prices during the pandemic — so what happens when people return to the office?
Remote work has played a big part in the rise in house prices in the U.S. during the first two years of the pandemic, but just how much? Many fortunate people have had the freedom to live wherever they choose during the pandemic. John Mondragon, an economist at the Federal Reserve Bank of San Francisco ...
