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Last month, 20% fewer existing homes were sold than in May 2022. People are staying put — and staying together — to avoid higher costs.
There may be more supply, but it tends to cater to demand at the higher end of the income spectrum.
More buyers are turning to newly constructed homes as fewer owners of existing homes choose to sell.
It may be down to layoffs. It may also be down to house-flippers.
Getting an unhoused person into a home can cost $10,000 a year — and more than 580,000 people are unhoused on any given night.
As of 2020, people living alone made up 27% of new households. That trend has been accelerating.
That’s good news if you’re looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Most new homes are going up in the South and states like Utah and Nevada, where homes are generally more affordable than on the coasts.
In the Turkish city of Antalya, an influx of foreign buyers have exacerbated existing housing affordability woes.
Construction students get blighted homes back on the market under the auspices of a community college program.