Generational gulf grows wider for ‘large homes’ in the U.S.

The U.S. real estate market has been an obstacle course for many young people seeking to buy homes, particularly those with enough room for children. The combination of low home supply, rising prices and high mortgage rates poses persistent challenges for Millennials and Gen Zers beginning to start families and enter the housing market. The […]

Existing home sales fall below projections, but prices climb

High mortgage rates continue to result in slumping U.S. home sales, which fell another 4.1% in October and hit an annualized rate of 3.79 million units. The latest data from the National Association of Realtors show that the annualized rate is 14.6% lower than last year and comes up short of the 3.90 million units […]

Greg Englesbe Tampa Fl

Florida cities among U.S. markets where home prices are dropping fastest

The cooldown of the U.S. housing market has been evident for several months now, a trend driven by rising mortgage rates that have moderately slowed demand for homes in many parts of the country. Throughout the COVID-19 pandemic, the Florida real estate market has often been held up as a clear case of overinflated prices. […]