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One of the most popular building styles in the U.S. emerged as a lower-cost pathway to homeownership.
The median home buyer’s income is higher than the median U.S. household income. And the gap is growing.
Properties sold through a dual agent tend to move faster, but for less money, research shows. In some states, the practice is illegal.
The data shows rising shelter costs, but industry experts say current market conditions tell a different story.
The federal funds rate, set by the Federal Reserve, is just the first layer that goes into determining mortgage rates.
High interest rates, lower than expected rents, and an oversupply of new apartments are squeezing landlords, especially those located in Sunbelt states.
Rates hovered around 7% for a good part of this year.
High interest rates often make home equity loans or cash-out refinance options unappealing.
Journalist Roshan Abraham tells the story of a New Jersey resident who fought City Hall to get 70,000 units eventually built.
With prices and mortgage rates high, people are “buying at the edge of what they can qualify for,” a real estate economist says.