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HomeReal Estate

Real Estate

Canada
Finance

The Most Splendid Housing Bubbles in Canada, Nov. 2024: Condo Prices Drop to New 3-Year Low, Single-Family Prices Stable at -17% from Peak in March 2022

December 16, 2024 Mariel Alumit

By Metro: Toronto, Vancouver, Hamilton, Calgary, Ottawa, Montreal, Quebec City, Halifax, Victoria, Edmonton, Winnipeg. By Wolf Richter for WOLF STREET. Home sales in Canada rose by 2.8% seasonally adjusted in November from October, the fourth month in a […]

Housing
Finance

The Most Splendid Housing Bubbles in America, November Update: Prices Drop in All 33 Big Metros, Most in Austin, Tampa, Dallas, San Antonio

December 12, 2024 Mariel Alumit

19 Metros below 2022 peaks: Austin -22%, San Francisco -10%, Phoenix -9%, San Antonio -8%, Denver -7%, Salt Lake City -6%, Sacramento -6%, Portland -6%, Dallas -6%, Seattle -5%, Honolulu -5%… By Wolf Richter for WOLF STREET. The dynamics […]

Milwaukee
EnergyNews

Milwaukee plans to build net-zero modular homes for lower-income residents — but it’s not easy

December 11, 2024 Mariel Alumit

  Living in a net-zero home is often a luxury for those who can afford solar panels, state-of-the-art HVAC and other innovations and renovations. But lower-income people are those who could benefit most from energy […]

Home Prices
Finance

With Home Prices Way Too High, More People Profit from Arbitraging Vast Cost Difference between Renting and Buying

November 8, 2024 Mariel Alumit

Sky-high prices, today’s mortgage rates, property taxes on those sky-high prices, and spiking homeowners’ insurance costs create a peculiar situation that more and more people are taking advantage of. By Wolf Richter for WOLF STREET. The share of […]

rooftop solar
Electrical Generation / Utilities

Home rooftop solar dips in N.C. after Duke Energy reduces payments, but many installers unfazed

November 7, 2024 Mariel Alumit

  When regulators allowed Duke Energy to lower bill credits to homes with rooftop solar, critics warned the solar industry would suffer a major loss. A year after the new rates took effect, available data […]

Texas
Finance

Inventory of Existing Homes in Texas Balloons to Highest in Many Years, Prices Drift Lower but Are Still Way Too High

November 5, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. The housing market in Texas just hit another multi-year record of sorts: Active listings reached a new high in October in the data of Realtor.com going back to 2016. New listings are […]

Massachusetts
Energy Regulations

Massachusetts cities are quickly embracing new emission-slashing building code option

September 3, 2024 Mariel Alumit

  A year and a half since Massachusetts introduced an optional new building code aimed at lowering fossil fuel use, climate activists are heartened by how quickly cities and towns are adopting the new guidelines. […]

Mortgage Rates
Finance

Here Comes the Inventory of Vacant Homes: With Buyers on Strike despite Lower Mortgage Rates, Supply Spikes to Highest in 4 Years. Sales Drop Further except at High End

July 23, 2024 Mariel Alumit

A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.” By Wolf Richter for WOLF STREET. Mortgage rates have dropped to about 6.8%, down by a full percentage point from […]

Simon Property Group
Finance

Simon Property Group Jettisons another Mall, to Manage its Way through the Brick-and-Mortar Meltdown by Shrinking and Walking away from Debts

July 15, 2024 Mariel Alumit

The largest mall landlord has shed 38% of its shopping centers since 2012. It saw what was coming. So here’s one more. By Wolf Richter for WOLF STREET. Simon Property Group [SPG], the largest mall landlord in the […]

Housing Market
Finance

Home Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High, Mortgage Rates Still 7%

July 10, 2024 Mariel Alumit

Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” By Wolf Richter for WOLF STREET. However we […]

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