Housing starts decline, but builders say they’re okay with it



Housing starts fell by a fairly alarming 9.4% in September to a seasonally adjusted rate of 1.26 million units, according to new data from the Commerce Department. The multifamily sector, which includes apartments and condos, saw new starts fall by 28.2% to just 338,000. Single-family home starts were up 0.3% to 918,000 units. The decline […]

California looks to convert empty garages into living spaces



A number of U.S. states are considering easing zoning requirements to allow for more accessory dwelling units to be built as a way of relieving chronic housing shortages, the New York Times reported. California, which faces a massive housing shortage, is actively pursuing the idea of freeing up more space for so-called ADUs, otherwise known […]

Cheap mortgage rates bite into already low housing inventories



More home buyers are being tempted onto the market by the incredibly low mortgage rates being offered, but they’re becoming increasingly frustrated at the limited choice of homes for sale. The combination of an unseasonable surge in buyer demand and reduced housing inventories, there simply aren’t enough homes to satisfy everyone who’s looking, CNBC reported. […]

Young adults flee big cities for small town life



Young adults are increasingly leaving bigger cities behind and setting up home in smaller towns, according to an analysis of data from the U.S. Census Bureau. The Wall Street Journal reports that an average of 30,000 people aged between 25 and 29 have departed from big cities each year since 2014. In addition, smaller cities […]

Doorstead wants to expand iBuying to the rental market



The iBuying model has become increasingly popular among homeowners looking for a quick sale of their property, and now a new startup is hoping to bring the concept to rentals as well. Doorstead is pitching the idea of “iRenting”, offering to act as a property manager for landlords who own single-family rentals. The company offers […]

As Americans face longer commute times, more are working from home



American consumers are spending more time traveling to work, with the average one-way commute time rising to just over 27 minutes in 2018, a new record high according to data from the U.S. Census Bureau. The data shows that the average U.S. citizen spends around two more minutes commuting to work than they did back […]

California Governor signs rent control bill into law



California Governor Gavin Newsom last week signed into law new legislation that will place caps on rents throughout the state. The move that was warmly welcomed by tenant groups but others in the real estate industry say it could have negative long-term consequences. Under the new law, which takes effect in January, landlords will be […]

Home buyers struggle with growing housing inventory shortages



More buyers are being tempted by the lower mortgage rates on offer this fall, but the rapidly shrinking inventory of affordable homes for sale means that few are able to find something suitable to buy, claims a new report from realtor.com. The result is more intense competition between first-time buyers and move-up buyers. Housing inventories […]

Survey highlights home seller’s biggest concerns



When it comes to selling a home, factors that traditionally have been harder for sellers to control — like uncertainty about timing and price — cause the most stress. That’s according to the 2019 Zillow Group Consumer Housing Trend Report, the largest-ever survey of U.S. home buyers, sellers, owners and renters. The process of selling a […]

Hispanic homeownership rate is fastest growing in the U.S.



Latinos are buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century. Affordability and racial inequity combined to compound a disparity throughout the past 12 decades. The typical Latin household in the U.S. […]