Based on new Redfin data, the U.S. condominium market is unraveling faster than any other segment of the housing sector, as rising costs and tighter financing rules push buyers to the sidelines and sellers flood the market.
For generations, homeownership in the U.S. was seen as a cornerstone of financial security -- a hedge against rising rents and a way to lock in a fixed monthly payment. That promise is eroding.
Foreign buyers poured $56 billion into U.S. residential real estate over the past year, snapping a six-year streak of declining interest and signaling a resurgence in global appetite for American housing, according to a new report from the National Association of Realtors (NAR).
Remodeler confidence in the U.S. dipped in the second quarter as ongoing economic uncertainty and elevated interest rates tempered market momentum, according to new data released this week by the National Association of Home Builders (NAHB).
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