Real Estate
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Home sales just fell 3.6%—and the spring buying season may not save them
The picture of an American springtime usually looks something like this: sunny days, chittering birds, and, on many suburban streets, a congested driveway full of eager prospective homebuyers gathering for an open house. Spring is usually when the U.S. housing market heats up, as potential buyers start shopping ahead of desired summer move-ins. But the
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Another month, another record-high home price: March hits $408,800—the 33rd straight increase
Home prices just did it again. For the 33rd consecutive month, the median price of an existing home climbed—this time to $408,800 in March, a record high for the month, according to the National Association of Realtors’ existing home-sales report. Politicians from President Donald Trump to New York City Mayor Zohran Mamdani have campaigned on
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A 93-year-old refused to sell her home to the Masters golf course that’s spent $280 million on expansion: ‘Money ain’t everything’
A 93-year-old woman who lived less than a mile from Augusta National Golf Club refused to sell her property to the club until her dying breath, rebuffing years of expansion efforts by the golf club that hosts the celebrated Masters Tournament. Elizabeth Thacker lived in a three-bedroom, single-story house on a 0.67 acre lot that
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The ‘affordability economy’ has created a housing market nobody predicted: Prices collapsing in the Sun Belt, soaring in the Rust Belt
U.S. housing is experiencing a historic “reversion to the mean.” In other words, the formerly sizzling metros have gone cold, and the unsexy plodders are back in vogue. That point comes through vividly in the new market snapshot just released by the highly influential American Enterprise Institute Housing Center. The AEI data, compiled by co-directors