Real Estate
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Trump’s big housing market solution is dead on arrival, UBS says—its model is Texas from 25 years ago
The Trump administration’s grand plan to fix America’s housing affordability crisis leans heavily on deregulation, and Wall Street is increasingly unified in its skepticism that it will actually work. In a new research note published Thursday, UBS analysts assessed the Economic Report of the President, which laid out the administration’s most detailed housing strategy to…
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Older millennials are starting to act like boomers in the housing market—and pulling away from the pack
For years, Millennials were the housing market’s most sympathetic losers—priced out, rate-locked, and perpetually waiting for their moment. For a growing slice of that generation, the wait is over. And they’re making up for lost time. According to the National Association of Realtors’ 2026 Home Buyers and Sellers Generational Trends report, older Millennials—now aged 36…
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Gen Z is carving a different path in the housing market by going it alone
The common milestones of the American dream once came in rapid succession. Couples would get married, buy a home, and have kids. But low inventory, skyrocketing mortgage rates, and stagnating wage growth have scrambled those milestones for some. The National Association of Realtors’ (NAR) 2026 Home Buyers and Sellers Generational Trends Report, a survey of…
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New York governor’s take on a millionaires tax: fancy pied-à-terre second apartments worth over $5 million
For months, New York Gov. Kathy Hochul has resisted calls to increase taxes on the wealthy, beating back progressives who have hounded her from Manhattan to Puerto Rico bellowing chants of “tax the rich.” Now she is pitching a compromise. The moderate Democrat says she will push to create a new tax on multimillion-dollar second…
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Trump’s White House: America is short 10 million houses
White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday — and say regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic growth. The analysis, part of the Economic Report of the President, outlines both a…
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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…