Housing
The U.S. housing market has cooled considerably in recent months. Precipitated in part by rising mortgage rates, existing home sales totaled just 4.28 million in April 2023, down 23% from the same...
9 days ago
The first two years of the coronavirus pandemic had a profound impact on the U.S. housing market as Americans fled expensive, high-population areas to mid-sized cities or adjoining suburbs in...
9 days ago
With mortgage rates at their highest levels in a decade and a half, the U.S. housing market is beginning to cool. According to the National Realtors Association, existing home sales fell to fewer...
13 days ago
The history of the U.S. housing market has been marked by periods of rampant building and of lulls, even as the population has expanded relatively steadily. Even with this recent increase, new home...
19 days ago
This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki. The interest rate on a 30-year fixed rate mortgage has been above 6% for...
25 days ago
Last Updated: 24 days ago
Food inflation continued to be one of the fastest-growing categories in the latest consumer price index summary from the Bureau of Labor Statistics. Food prices have increased 8.5% in the 12 months...
1 month ago
Last Updated: 1 month ago
The rising cost of shelter has been one of the major components contributing to the current surge in inflation that began around the middle of 2021. According to the recent consumer price index...
1 month ago
Many parts of the United States face serious housing shortages. One study last year by the nonprofit research group Up For Growth estimated that the country needs about 3.8 million homes simply to...
1 month ago
The U.S. population rose 2.7% over the past five years, from about 327 million in 2016 to almost 332 million people in 2021. Nearly all of the increase was because of immigration. Americans continue...
1 month ago
Home sales surged in the United States in the early months of the pandemic. From the first quarter of 2020 to the second, the homeownership rate in the U.S. climbed from 65.3% to 67.9% – the...
1 month ago
Last Updated: 1 month ago
This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki. Gary, Indiana, a once-thriving city on the shores of Lake Michigan, is now a...
1 month ago
With home prices declining for over six months, some U.S. housing market conditions have shifted to favor buyers. Still, other conditions stack up against homebuyers, particularly mortgage rates. As...
2 months ago
The best time of year to buy a house is usually the fall to early winter. Sellers often take homes off the market from Thanksgiving to the end of the year, and homeowners who keep their properties on...
2 months ago
Last Updated: 2 months ago
This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki and Colman Andrews. Fulshear, Texas, is the fastest-growing small town in...
2 months ago
Personal finance advisors and columnists often recommend that no more than 25% to 30% of your take-home pay should go to your landlord. Based on this general rule of thumb, if your income is ...
2 months ago
Last Updated: 2 months ago