Vice President Kamala Harris will introduce a campaign proposal seeking the construction of 3 million new housing units during her first four years in office, along with a new tax incentive for builders that create properties for first-time homebuyers. The Wall Street...
Two days before the changes brought by the National Association of Realtors’ (NAR) settlement are slated to go into the effect, the start-up rival American Real Estate Association (AREA) has announced the launch of its membership drive. Jason Haber, a New York...
Investor purchases of homes shout up by 3.4% year-over-year in the second quarter, according to new data from Redfin (NASDAQ:RDFN). This marked the largest increase since the second quarter of 2022. Investors acquired $43 billion worth of homes in the second quarter,...
Foreign buyers are pulling back from the Texas housing market, according to new data from Texas Realtors. Between April 2023 and March 2024, approximately 6,900 buyers from other countries purchased Texas residential properties. This represented a 30% decline from the...
The August edition of the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reached its lowest reading since last December with a 39 reading, down two points from a downwardly revised reading of 41 in July. The HMI index charting...
CBRE (NYSE:CBRE) has revised its forecast for 2024 U.S. hotel performance, citing weaker-than-expected leisure travel and the slowing in corporate profit growth. CBRE is now projecting a 1.2% increase in revenue per available room (RevPAR) growth for 2024, down from...
Builders Grow Slightly More Confident in Housing Market
