Mortgage rates on 30-year fixed loans moved above 5% this week, according to a Freddie Mac report, up from 4.81% last week, reaching the highest level since April 2010. The home market is already up against a number of challenges — and now mortgage ra…
Want to see how the construction industry will do in 2011? Look at how architects did in 2010. By that gauge, last year’s thin uptick in building design and engineering services foretells a similar small gain ahead for builders…
The drop in home values caused by the mortgage crisis has resulted in one positive outcome: Prices have fallen so far that home affordability is back to pre-housing-boom levels, reports Moody’s Analytics. But a quarter of house…
Vacancy rates have been declining at apartment buildings across the U.S., sending rents soaring. And because housing makes up a big part of core inflation, those higher rents could translate into a doubling of the inflation rat…
While home prices were falling last fall nearly nationwide, the pace of sales has picked up more recently. Overall, it seems clear that the worst of the housing debacle has passed. It’s just that the U.S. remains on a slow, gri…