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Why Are So Many Luxury Condos Built In Cities That Face An Affordable Housing Crisis?
Originally published to Forbes on May 30, 2023. Despite a lack of affordable housing, many American cities have seen a paradoxical proliferation of new luxury
Rental Market Tracker: Asking Rents Fall 2% in the West But Rise 5% in the Northeast, Midwest
Nationwide, rents declined 1% from a year earlier in May—the largest drop since 2020— as a building boom increased supply and economic uncertainty cooled demand.
Housing Market Update: Supply Shortage Worsens, Propping Up Prices, As Near-7% Mortgage Rates Handcuff Homeowners
New listings have hit their lowest level of any early June on record, limiting home sales and keeping prices afloat. But many buyers are still
One-Third of U.S. Homebuyers Are Paying in Cash, the Highest Share in Nearly a Decade
All-cash home purchases reached their highest level since 2014 in April as high mortgage rates drove down overall home sales more than all-cash sales. The
Housing Market Update: Mortgage Rates Are Up, Home Sales Are Down, Prices Are Resilient
Mortgage rates hitting a 7-month high and limited listings are sidelining homebuyers, but many are ready to pounce when rates decline and more homes hit
Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
That outpaced a 41% drop in overall home purchases. Investors retreated as rising interest rates and falling home values shrank potential profits. Still, investors bought
Why Are So Many Luxury Condos Built In Cities That Face An Affordable Housing Crisis?
Originally published to Forbes on May 30, 2023. Despite a lack of affordable housing, many American cities have seen a paradoxical proliferation of new luxury
Rental Market Tracker: Asking Rents Fall 2% in the West But Rise 5% in the Northeast, Midwest
Nationwide, rents declined 1% from a year earlier in May—the largest drop since 2020— as a building boom increased supply and economic uncertainty cooled demand.
Housing Market Update: Supply Shortage Worsens, Propping Up Prices, As Near-7% Mortgage Rates Handcuff Homeowners
New listings have hit their lowest level of any early June on record, limiting home sales and keeping prices afloat. But many buyers are still
One-Third of U.S. Homebuyers Are Paying in Cash, the Highest Share in Nearly a Decade
All-cash home purchases reached their highest level since 2014 in April as high mortgage rates drove down overall home sales more than all-cash sales. The
Housing Market Update: Mortgage Rates Are Up, Home Sales Are Down, Prices Are Resilient
Mortgage rates hitting a 7-month high and limited listings are sidelining homebuyers, but many are ready to pounce when rates decline and more homes hit
Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
That outpaced a 41% drop in overall home purchases. Investors retreated as rising interest rates and falling home values shrank potential profits. Still, investors bought
