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For many sellers, the need to move is more important than keeping a low-interest mortgage.
The average age of a homebuyer is also going up.
With inventory reduced and fire risk increased, both home prices and insurance rates could rise in Southern California.
Claire Contreras, an elementary school teacher, reflects on the challenges of trying to find long-term places to stay after losing her home.
“Twin challenges” arise as Los Angeles continues to face massive wildfire destruction in a tight housing market.
There are more than 20 million households with at least two empty bedrooms, no kids, owned and occupied for more than a decade by people over 55.
Medium-density housing is cheaper than traditional homes and might be a better fit for today’s American family, says columnist Heather Long.
August’s personal consumption expenditures index clocked in at 2.2%. That’s down from July, but the housing category is one of the slowest to cool.
In New York the median rent for a one-bedroom just crossed $4,500, by one estimate.
“[Housing] is the leading issue that American mayors cite when talking about the big challenges facing their cities,” said Columbus Mayor Andrew Ginther.