Housing

In a world where the pursuit of the American Dream is often synonymous with owning a house in the suburbs and working at a stable corporate job, Alex and Ashley Morris decided to break free from societal norms and embrace a life of adventure, travel and togetherness.  The Morris family,...

As the housing market struggles with unaffordable prices and a limited inventory, one startup is looking to take the housing construction market to the 21st century: ZenniHome The Arizona-based startup was founded in 2020 by former Arizona Sen. Bob Worsley, an author and entrepreneur, and Stephen D...

The housing market has grown exponentially since the COVID-19 pandemic, with owner-occupied housing wealth rising to $9 trillion from the first quarter of 2020 to the first quarter of 2022, according to the Federal Reserve.  The rising demand, resulting from ultra-low interest rates and...

Despite the monthly volatility of multifamily housing permits, single-family housing permits — a reflection of future owned supply — persist in recovery, according to Employ America Executive Director Skanda Amarnath. While there is a slowdown in multifamily housing permits, the number of units...

Granny flats, also known as accessory dwelling units (ADUs), have emerged as a potential solution to alleviate the U.S. housing shortage.  The small, self-contained living units are typically located on the same property as a main residential structure and provide an additional dwelling space. The...

With a wealth of $239 billion, Elon Musk is the richest person in the world. Despite his large wealth, Musk has previously spoken out about material possessions and sold several houses he owned. A new report and internal probe showed a glass house may have been under construction for Musk in Texas...

Tiny homes have become increasingly popular in recent years as many look for ways to cut costs and reduce the size of their carbon footprints. One young DIYer figured out a way to turn his tiny house into a giant moneymaker.  What To Know: According to a CNBC report, 34-year-old Ivan...

The housing crunch in the United States has put potential sellers in a bind, leaving them reluctant to dive into a messy market flooded with high mortgage rates.  Redfin CEO Glenn Kelman didn't mince words when highlighting the scarcity of housing inventory as one of the top concerns plaguing...

Mortgage fees are changing under the new rules from the Biden administration’s Federal Housing Finance Agency. Because some borrowers with good credit may end up paying higher fees compared to those with lower credit scores, the change has sparked a discussion. Among the critics is Peter...

Charlie Munger, the 99-year-old billionaire and vice chairman of Berkshire Hathaway Inc., expressed his concerns about the United States heading toward another fiscal crisis. In an interview with the Financial Times, Munger highlighted the problematic situation of commercial property loans held by...

Amidst the interest rate hike campaign the Federal Reserve embarked on in March 2022, a moment of relief arrived: for the first time since the onset of the COVID-19 pandemic in 2020, rental prices saw a drop. The news would indeed be music to Fed Chair Jerome Powell’s ears, who, during a...

Prominent homebuilder KB Home (NYSE:KBH) is expected to issue its second quarter earnings on Wednesday after market close, here's what investors need to know about the numbers, home prices, and recent homebuilder sentiment. By The Numbers: Analysts expect the Los Angeles, California-based...

U.S. housing starts in May saw the highest increase since 2016, along with an uptick in applications to build, indicating a rejuvenation of residential construction. What Happened: Data issued by the Federal Reserve of St. Louis showed a 21.7% jump in the initiation of home construction, reaching...

With the seasonal peak of pending home sales behind us, the market is showing some changes that could impact future sales rates and prices.  What Happened: The total number of homes in the contract pending stage dipped to 389,000, down 3% from last week and 15% from the same time last year,...

The Oracle of Omaha, Warren Buffett, is regarded as one of the most successful and influential business icons ever. He is known for his investment prowess, unique personal values and management style. Buffett is renowned for his unassuming and straightforward approach to business and...