For several years now, nearly every serious discussion about housing affordability has eventually arrived at the same conclusion: America needs more homes. I don’t disagree with that conclusion. What bothers me is how often we stop the conversation there, as...
Illinois recorded a total of 13,503 homes sales (including single-family homes and condominiums) in July, a 0.8% uptick from the 13,390 sold one year before. According to data from Illinois Realtors, the 22,363 homes available for sale statewide last month were 4.7%...
Two new data reports have affirmed the continuation of year-over-year home price acceleration. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.5% annual gain in June, up from a 1.2% rise in the previous month. The 10-City Composite...
California Gov. Gavin Newsom and wife Jennifer Siebel Newsom have listed their Sacramento-area mansion for sale at $7.5 million. The New York Post reports the 12,000-square-foot Fair Oaks home is located on an eight-acre parcel in a gated community. The listing for...
A $350 million retail and residential district is being planned for The Bend, a master-planned, mixed-use riverfront development spanning more than 120 acres along the Tennessee River in downtown Chattanooga. A partnership of the developers Urban Story Ventures and...
I have lost track of how many times housing has supposedly been six months away from getting better. There is always another forecast. Rates are going to come down in the spring. Buyers will return after some future event. Inventory will improve next year. The Fed...
