Housing markets

Depreciation risk in parts of New Jersey, Illinois and California is growing, according to a first quarter analysis by Attom Data Solutions.

Lumber prices have wavered, but gypsum, steel and transportation were still on the rise in the past month, according to a National Association of Home Builders analysis.

New-home borrowers eyeing things like rising commuting costs could add at-home amenities instead so long as they remain relatively affordable, one take on a National Association of Home Builders report suggests.

But for prospective buyers, soaring home prices in April pushed affordability closer to the all-time low set in June 2006.

The inventory shortage is beginning to ease, while demand is slowing due to high prices and rising mortgage rates.

Several Sun Belt cities popular for relocation over the last two years were among markets with the most reduced listing prices in April.

A larger share felt it was a bad time for both buying and selling, but a growing number expect price growth to slow.

U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years, according to a survey released by the New York Federal Reserve.

While both refinance and purchase customers were banging down the doors in 2021, leading producers are already working much harder as they change up their offerings.

Suburban pushback against a proposal that would have loosened regulations of new units in New York State led to its removal from the state budget.