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Higher building costs, a shrinking supply of low-cost rental units and more people with higher incomes choosing to rent rather than buy are driving the increase in higher-priced rentals and corresponding decline in low-cost units.
The housing slump is the economy’s biggest casualty so far from a series of Federal Reserve rate hikes designed to tame inflation.
And the Fed and the White House hold dueling events.
A 29-year-old consultant in LA shares how he and his wife bought their first condo for $859,000. The CEO of the National Housing Conference explains whether it’s better to rent or buy.
There is no question that student loan forgiveness will significantly impact housing, particularly for low- and moderate-income homebuyers.