Exclusive news, analysis, and commentary on housing, commercial real estate and the impact of supply and demand.
As housing prices reach record highs nationwide – against quite a few forecasts at the start of the year – buying a home is now completely unaffordable in most parts of the country for the average American.
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The U.S. Economy is taking Americans for a ride, interest rates hit a 23-year high at 8.34 percent on 30-year mortgages.
Office vacancy rates in major cities have risen to worrisome levels while investments into commercial real estate are in retreat.
US mortgage rates have climbed past 7.5% — further tightening an increasingly impossible-to-crack housing market.
Macy’s is going less colosseum and more cozy in a cost-cutting shift away from large locations in malls and into small-format stores.
Low supply, high prices, and the climbing costs of borrowing have created one of the least affordable US housing markets in decades.