Compared to February 2022, home building is down 18%, with single-family housing down 32%. Meanwhile, apartment construction was up 14% year over year.
Author: Swapna Venugopal Ramaswamy, USA TODAY
US banking crisis: Close to 190 banks could collapse, according to study
The Fed’s aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
These are the 10 housing markets across the US where home sellers are sitting pretty
Affordability is a key factor when it comes to areas where sellers still have advantages. There are the 10 hot locations in the housing market.
‘It’s a wake-up call’: Advocacy groups, lawmakers highlight law they say led to SVB collapse
Congress must repeal the Trump-era law, which was supported by both Republicans and Democrats, say advocates and some lawmakers.
Applying for a mortgage? How to improve your credit score and save when buying a house
Consider calling your credit card company to see when your statement is reported to credit bureaus. Some report balances on or before the due date.
Which states did home prices go up (or down) in? Three Midwestern states make the top 5 list
Despite the overall cooling housing market, 11 states saw double-digit increases in home prices this February compared to the same time last year.
Millionaires row no more: Number of houses that cost seven figures nationwide is dropping
The total value of U.S. homes was $45.3 trillion at the end of 2022, down 5% ($2.3 trillion) from a record high of $47.7 trillion in June.
Homebuyers again retreat to the sidelines as higher rates crimp affordability
Mortgage application volumes were 44% lower than the same week one year ago. The Refinance Index was 74% lower than the same week last year.
Rents going down, new study shows. Here’s where apartments are (and aren’t) getting cheaper
While rents rose 2.4% in January from a year earlier to $1,942, the national median was down about 2% from December.
New Yorkers are the No.1 movers to Florida. Find out why.
Since at least 2016, the Empire State has topped the list for sending its residents to the Sunshine State, data from the Census Bureau shows.