Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses

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It’s costing real-estate developers a pretty penny to purchase lots for single-family homes. And that could spell trouble for people who are struggling to afford to buy a home.

The post Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses appeared first on Real Estate News & Insights | realtor.com®.

Portland Suburb’s Proposed Law Could Discourage Home Development

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A Portland suburb is poised to vote on a law that taxes anyone who demolishes a home, the latest salvo in the fight over how to create more affordable housing in the state.

The post Portland Suburb’s Proposed Law Could Discourage Home Development appeared first on Real Estate News & Insights | realtor.com®.

More New-Home Sales Are for Houses That Haven’t Even Been Started Yet. That’s Not a Good Thing.

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The percent of newly constructed homes sold that hadn’t even been started yet has climbed to a fresh one-year high, and that’s not a good thing.

The post More New-Home Sales Are for Houses That Haven’t Even Been Started Yet. That’s Not a Good Thing. appeared first on Real Estate News & Insights | realtor.com®.

Apartment Developers Are Slowing Construction. That Could Mean Higher Rents.

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Rising construction costs and a tight labor market are slowing a nearly decade long apartment boom, easing a burgeoning glut at the top end of the market.

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Expect the Housing Crunch to Get Worse: Construction Permits, Starts Down

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Fewer new homes are expected to go up in the months ahead—worsening the ever-frustrating housing shortage. That’s due to fewer construction permits.

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