The number of homes for sale in America has been falling steadily for the past year, but the situation is apparently getting much worse as spring demand heats up.
So who are today’s first-time home buyers? To paint a picture of the typical first-timer, the New York Times created an inforgraphic drawn from information in the 2016 Profile of Home Buyers and Sellers.
Over the past two decades, immigrants accounted for about 28 percent of all household growth in the United States and have been a critical factor in the housing market’s recent recovery.
As concerns grow about a multifamily supply glut, financial watchdogs this month began scrutinizing how the largest lenders would cope with a property market crash.
Changes to Dodd-Frank will likely have broad impacts on the economy, but one key element for the housing industry is Trump’s focus on what he calls, “regulation that makes it impossible for banks to lend to people that are going to create jobs.”
The housing market appeared to cool off a bit in February, but a trio of reports indicate good news on the horizon for component manufacturers and new construction.
