Home builders press Congress to help ease housing shortages



American home builders have called upon Congress to take steps to address a tremendous shortage of affordable homes in the country through policy solutions. Real estate experts have long cited a perceived decline in new home building in the U.S. that began in the wake of the Great Recession last decade. Zillow recently said there […]

Buyer love letters have been banned in Oregon



Oregon has become the first U.S. state to ban buyer love letters when making an offer on a home

Now we have a paint shortage to deal with too



Paint is getting harder to come by, and that’s likely to have an impact of people aiming to do summer home improvement projects. It’s also delaying the construction of new homes, as builders are forced to wait for supplies of more paint. The paint shortage is primarily due to the COVID-19 restrictions that have led […]

How forgiving are your neighbors?



Everyone knows that it’s good to have neighborly neighbors keeping watch out for thieves and other signs of danger in the neighborhood, but sometimes they can take things just a bit too far. For example, if you see someone speeding in the neighborhood or failing to clean up after their dog has done its business, […]

Home prices in ‘opportunity zones’ are growing fast



So-called opportunity zones created under former U.S. President Donald Trump are seeing housing prices increase as they reap the rewards of the wider real estate market boom. During the first quarter, median home prices saw annual gains in 75% of the opportunity zones for which sufficient data is available, according to ATTOM Data Solutions. Two-thirds […]

Shortages of furniture and home appliances delay transactions



It’s well known that inventory shortages and the high price of building materials are two of the main reasons that house prices are rising so fast, but not so many know about another pressing problem in the industry right now – a shortage of new appliances. New home buyers are increasingly struggling to find appliances […]

Home sellers believe they’re in control and have big expectations



Home sellers are expecting multiple offers on their homes and bidding wars that will enable them to fetch a much higher price than its current value, due to current housing market conditions. It’s well known that the U.S. residential real estate industry is a seller’s market, and most homeowners who’re planning to sell believe they […]

Survey: Buyers seek friendlier neighbors, flexible spaces and more smart home tech



Home buyers are showing more interest in being a part of a friendly, or neighborly community, a new survey has found. They’re looking for homes where their neighbors are more likely to share similar interests and where people are generally more active in the community, the survey found. The takeaways came from Bank of America’s […]

Young adults may stay home with mom and dad longer than expected



Young adults who moved back in with their parents may have been expected to move out again once the COVID-19 pandemic eases, but it’s becoming apparent that many are likely to want to stay at mom’s and dad’s even longer than that. It’s a trend that has big implications for housing. Last year it was […]

NY lawmakers want more transparency from co-ops



Lawmakers in New York are trying to push through a bill that would force co-op boards to explain why they reject potential buyers of their apartments. The bill is meant to prevent discrimination by co-ops when they make such decisions, proponents of the new law say. If the state senate bill is approved, it would […]