As U.S. homebuilding surges, smaller contractors face extra challenges

Homebuilding is taking off across the country. But not all builders are feeling the effects of the boom. In major metro areas, problems with supply chains and the labor market are making it more difficult for smaller contractors and companies to meet the demand, the Wall Street Journal reports. The systematic supply shortage in theContinue reading “As U.S. homebuilding surges, smaller contractors face extra challenges”

In heated market bigger down payments become higher priority

Home prices have risen significantly over the last year, and buying a home has become a much pricier prospect. The typical listing price gone up, and homes are frequently going for above the listing price. Would be buyers should also make sure they have a good chunk of that cost saved up, as down-payments areContinue reading “In heated market bigger down payments become higher priority”

The rise and fall of the vacation home

The last year has seen record numbers of people purchasing vacation homes and other investment properties. But due to regulatory changes and other factors the market is shifting. New research from Redfin explores the possible causes of this sudden change. All through 2020 and into 2021, sales for vacation homes have broken records, as manyContinue reading “The rise and fall of the vacation home”

Biden administration proposal will change tax exemption for some home sellers

The longstanding home-seller’s exemption has shielded most of the profits made in home sales from capital gains taxes. Since 1997, Americans have not had to pay tax on profits made in home sales up to $500,000. The Biden administrations proposed tax legislation would remove this exemption for some homeowners. The home-seller’s exemption shields sellers fromContinue reading “Biden administration proposal will change tax exemption for some home sellers”

Supply-demand imbalance continues to drive up home prices

Home prices continue to rise as demand stays high. While builders are working to bring the supply up, low mortgages and the country’s historic home inventory deficit mean that there is still a great deal of imbalance between supply and demand. The S&P CoreLogic Case-Shiller National Home Price Index, which measures the price of homesContinue reading “Supply-demand imbalance continues to drive up home prices”

Economists optimistic about where the future of the housing market

It’s a question that is increasingly being asked. Is there a bubble in the housing market? Is the market on the verge of some catastrophic crisis? According to a recent survey of top economists and real estate experts, the answer is no. In fact, there is much reason to feel optimistic about the future. AContinue reading “Economists optimistic about where the future of the housing market”

The past and future of the present market

The biggest story in real estate is as ever the seemingly un-stoppable housing market. With supply so low and demand so high, it is a truly unprecedented time. If we look back in history, what are some of the sources of the current state of the market? And what implications does that have for theContinue reading “The past and future of the present market”

The state of the market

Speculation has proliferated in recent weeks regarding the future of the residential real estate market. The market has continued red hot for nearly a year now. Is there a bubble waiting to burst? Are hyper-competition and bidding wars simply the new normal? As usual, the truth lies somewhere in the middle. Google analytics show thatContinue reading “The state of the market”

High housing demand causes lumber prices to soar

One of the most dramatic threads in the story of real estate over the last year has been the truly staggering rise in the price of lumber. Lumber prices have gone up and up continuously surpassing all previous records, and there seems to be little signs of slowing down. As of Monday, the lumber futuresContinue reading “High housing demand causes lumber prices to soar”

New-Home sales hit 15-year high in March

After slowing down over the winter months, new-home sales have roared back in March. According to data released by the U.S. Census Bureau and the Department of Housing and Urban Development, sales in March were the highest recorded in 15 years. In March the rate of new single-family home sales rose to a seasonally adjustedContinue reading “New-Home sales hit 15-year high in March”