U.S. single-family homebuilding fell sharply in January amid disruptions from snowstorms and freezing temperatures, with a rebound likely to be limited by higher costs from tariffs on imports and elevated mortgage rates.The report from the Commerce Department on Wednesday mirrored similar weather distortions that impacted retail sales and job growth last month, and suggested that economic activity slowed early in the first quarter. Part of the de
Existing-home sales fell last month as home prices continued to march upwards. Read more about the state of the market heading into spring in NAR’s latest housing report.Rising home prices and elevated mortgage rates appear to be making prospective home buyers skittish. Existing-home sales—which account for completed transactions for single-family homes, townhomes, condos and co-ops—fell nearly 5% in January compared to the previous month,
Selling a home is all about making a great first impression. With most buyers starting their search online, the presentation of a property can make or break their interest. Enter virtual home staging—an innovative, cost-effective solution that’s revolutionizing the real estate industry. Whether you’re a real estate agent aiming to sell homes faster, a homeowner looking to make your property stand out, or an interior designer exploring new
U.S. consumer sentiment dropped unexpectedly in February to a seven-month low and inflation expectations rocketed as households feared it may be too late to avoid the negative effects on their purchasing power from President Donald Trump's threatened tariffs.The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped to 67.8 from January's final reading of 71.1, which was also the consensus expectation amon
The Green Street Commercial Property Price Index was essentially unchanged in January, the Newport Beach, CA-based analytics and advisory firm said. Over the past 12 months, the all-property index has increased 4.5% but remains 18% off its most recent peak in 2022.“Property prices were unchanged for a second month,” said Peter Rothemund, co-head of strategic research at Green Street. “Looking forward, we don’t exp
The Fontana City Council held a special presentation about housing funds and homelessness assistance during its Jan. 28 meeting. Fontana Housing Development Manager Valerie Gonzales detailed the statistics and figures with the council and said the current grant total is $14,902,041.“The Fontana housing department is dedicated to supporting housing programs for low and moderate-income families and seniors by managing various grants and collabora
Home prices finished 2024 strong, NAR data shows. But in the last five years alone, median home prices have jumped 50%.Property owners are getting richer as home prices prove resilient against lower home sales. Nearly 90% of metro areas registered home price increases in the final quarter of 2024, according to the latest housing data from the National Association of REALTORS®. Fourteen percent of the 226 metros NAR tracks posted double-digit
U.S. construction spending increased more than expected in December, boosted by single-family homebuilding, but high mortgage rates could curb further gains in new residential construction.The Commerce Department's Census Bureau said on Monday that construction rose 0.5% after an upwardly revised 0.2% increase in November. Economists polled by Reuters had forecast construction spending would advance 0.2% after being previously reported as unchang
Favorable conditions make this health care subsector a strong choice.Investors are gravitating toward health care real estate—including medical outpatient buildings—and for good reason, according to Paul Leonard, director of research and real estate for the Americas at Nuveen.The current environment is an “opportunistic entry point” for investors in medical outpatient buildings, Leonard says, citing favorable conditions including:HIGH HEA
The real estate community has mobilized to aid the recovery process, sending financial help and more to those affected by the deadly blazes.The Los Angeles area has faced raging wildfires that have reduced entire neighborhoods to ash in an area equivalent to the size of San Francisco. The real estate community has been quick to act by raising funds for victims of the blazes through the REALTORS® Relief Foundation (RRF), organizing donation d
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