Housing
Many of the measures most commonly used to assess a given country’s level of development are strictly economic. They include indicators such as gross domestic product, GDP growth, and GDP per...
2 months ago
Before neighbors could show off their wealth by purchasing the latest sports car, wealthy people in America flaunted their money by building opulent mansions. Erecting mansions today, thanks to...
3 months ago
In May 2023 the median home listing price reached $441,000, up from $430,000 in April. Despite the increase, the price is down from a record high of $449,000 in June 2022. The yearly growth rate in...
3 months ago
The median home listing price in May 2023 rose to $441,000, a 0.9% annual increase. Despite the increase, the price is down from a record high of $449,000 in June 2022. This cooling trend is hopeful...
3 months ago
Homeownership was once a cornerstone of the American dream. But for a growing share of the population, it is now more akin to a pipe dream. Within the last two years, real incomes have been crushed...
3 months ago
If you are a renter in the United States, finding an affordable and available roof to live under is a real and persistent issue — and it is more of an issue for low-income renters. In fact, no...
3 months ago
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...
3 months 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...
3 months 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...
3 months 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...
4 months 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...
4 months ago
Last Updated: 4 months 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...
4 months ago
Last Updated: 4 months 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...
4 months 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...
4 months 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...
5 months ago