U.S. home insurers suffered their worst losses of the 21st century in 2023, the Financial Times reported. Figures reported by rating agency AM Best, insurance companies providing coverage to homeowners incurred a $15.2 billion net underwriting loss last year, the worst loss since 2000...
The number of new homes up for sale in the U.S. South has reached an all-time high, new government data released this week revealed. 293,000 new homes were still on the market in June, exceeding the previous historical high of 291,000 homes reached in...
Home prices have risen by 42% since 2020, with interest rates and borrowing costs jumping as well. As a result, homebuyers need to earn 80% more than they did in 2020 in order to comfortably afford housing, a new Zillow analysis found. With median...
The National Association of Realtors announced a settlement with groups of home sellers, in which the realtor association agreed to end antitrust lawsuits through a settlement involving the payment of $418 million in damages and the elimination of rules stipulating a 6% realtors' commission...
A study by real estate brokerage Redfin found that U.S. homeowners are remaining in their existing homes for longer than they did 20 years ago. On average, homeowners were found to be staying in their homes for almost 12 years, up from an average...
U.S. single-family homebuilding fell by 4.7% to a seasonally adjusted rate of 1.004 million units in January the U.S. Commerce Department's Census Bureau confirmed. This comes amid extreme cold weather conditions, which are suspected to be a main driver in suspending the start of new...
