With a growing gap between supply and affordability, a new report from Cotality reveals the U.S. housing market is seeing a significant shift in what defines a “starter home.” Once characterized by modest new builds on the outskirts of town, the starter home is now more likely to be an older, smaller property — and… Continue reading Old Is the New Starter Home: How the Housing Market Is Rewriting Buyer Expectations
Tag: housing market
U.S. Median Home Price Hit New High in June
Continued strong demand pushed the median U.S. home price to a record high in June, though the national house-buying frenzy cooled slightly as supply ticked higher. Existing-home sales rose 1.4% in June from the prior month to a seasonally adjusted annual rate of 5.86 million, the National Association of Realtors said Thursday. June sales rose… Continue reading U.S. Median Home Price Hit New High in June
Struggling Rental Market Could Usher in Next American Housing Crisis
A housing crisis centered on the vast apartment and home-rental markets is emerging in the U.S., threatening to send millions of renters into eviction and leave landlords short billions of dollars. A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut… Continue reading Struggling Rental Market Could Usher in Next American Housing Crisis