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Democrats Set to Cut $300 Billion From Housing Plan Amid US Shortage

Biden's $3.5 trillion social-spending plan is set to be cut to about $2 trillion. Housing funds are on the chopping block, but buyers badly need help. ....

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Rent Prices Spiked Fastest Since 2005 As Housing Crisis Spills Over

Discouraged homebuyers are pushing into the rental market and driving up prices for everyone. ....

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A California Seller Sums up the Housing Market and Why She Gave up Buying

Lisa Katz benefitted from the "seller's dream market," but trying to buy a home was a "huge letdown." Here's her recap of the whole experience. ....

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5 Trends Fueling One of the Hottest Housing Markets in US History

5 trends fueling one of the hottest housing markets in US history
The housing market is on fire, with a supply shortage driving prices to record highs.
But alternative signals show the market isn t just tight, it s changing in much more fundamental ways.
Here are the five structural shifts that are fueling the red-hot US housing market.
The housing market is on fire.
What began as a pickup in demand early in the pandemic has evolved into an all-out buying spree. Sales of new and previously owned homes, while off their peaks, remain elevated. Construction has picked up somewhat, but contractors are struggling to shore up supply. With inventory sitting near record lows, price growth has accelerated to rival the 2000s housing bubble. ....

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US Home Prices Rise at Fastest Pace Since 2005 in March Amid Shortage

US home prices leaped 13.2% year-over-year in March, according to S&P CoreLogic Case-Shiller data.
That marks the strongest rate since December 2005 and beats the 12.5% estimate from economists.
Home inflation continues to skyrocket as elevated lumber prices slow a rebound in construction.
Prospective homebuyers playing the waiting game just keep losing.
US home prices shot 13.2% higher year-over-year in March as the housing market boom charged on, according to the S&P CoreLogic Case-Shiller US Home Price Index. The median estimate from economists surveyed by Bloomberg was for a 12.5% leap. The reading marks the largest year-over-year jump since December 2005.
Prices rose 1.5% month-over-month, according to the Tuesday report. That exceeded the median estimate for a 1.3% jump and marked the largest single-month bounce since October. ....

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