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U.S. Housing Prices Jump the Most in More Than Three Decades
Source: Yahoo Finance --- U.S. home prices jumped the most in more than 30 years in April. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 14.6% from a year earlier, according to a statement Tuesday, the biggest gain in data going back...
Housing Prices Are Going Up. Must They Crash?
Source: Barron's --- There are many reports of homebuyers getting into bidding wars and many cities where home prices have appreciated by well more than 10% over the past year. This naturally leads to a concern about market volatility: Must what goes up come down? Are...
Lumber prices plummet as sawmills crank up output, easing inflation fears
Source: Chicago Tribune --- From sawmills to store shelves to your own hammer swings, lumber can tell you a lot about what is going on in the economy right now. Lumber prices soared over the last year, frustrating would-be pandemic do-it-yourselfers, jacking up the...
Homeowner Wealth Increases Through Growing Equity This Year
Source: Simplifying the Market --- Building financial wealth and stability remains one of the top reasons Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the Urban Institute,...
Married couple stuck living in abandoned real estate development
Source: Fox News --- A couple from London purchased and moved into a home of what was supposed to be a new housing community in England over three years ago. Unfortunately, the building company went under, leaving most of the houses unfinished, turning the area into a...
Real estate tech is bouncing back from its pandemic slump
Source: Pitch Book --- The pandemic had a tumultuous effect on the real estate industry. On the one hand, offices stood empty, hotel occupancy rates plummeted and construction was halted for many months. At the same time, demand for residential housing intensified as...
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