Affordability

Existing home sales are projected to fall to 4.1 million in 2023, their lowest point in a decade. Buyers and sellers alike complain of a market that only gets worse the longer they wait. Have you bought or sold a home recently or are you in the process? Insider wants to hear from you. Loading…

Home prices in Texas and Florida have increased 30% and 42% since 2019, according to Realtor.com.Texans are increasingly looking to the Midwest for affordability, the real-estate site found.Floridians are searching for homes in North Carolina, Tennessee, Georgia, and South Carolina. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized…

Gen Z accounts for 18% of homebuyers from April to July this year, Zillow said.  In 21 metros, Gen Zers make up at least 20% of homebuyers. Many are in the Midwest.  These places are "punching a little bit above their weight" with first-time homebuyers, Zillow said. Loading Something is loading. Thanks for signing up!…

More people are moving into disaster-prone areas than moving out, Redfin reported. That's as these regions have a larger housing inventory and an uptick in construction. Almost half of recently moved Americans think climate risks may impact home prices. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed…

This as-told-to essay is based on a conversation with Raychel Reimer, a van life content creator from Vancouver, Canada. It has been edited for length and clarity. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Raychel Reimer and her…

Americans are struggling to afford the buzzy weight-loss drug Ozempic. People who faced higher costs for Ozempic were less likely to keep taking it, a new study found. It's the latest evidence that affordability will be a key part of how effective these drugs are.  Loading Something is loading. Thanks for signing up! Access your…

Symbihom transforms garages in the Bay Area into luxury apartments at relatively affordable prices by constructing many parts of the home in a factory. The parts are hauled by truck to the final destination, and assembled. The site of a garage-turned-apartment unit in Santa Clara, California. Kelsey Neubauer/Insider California is an easier-than-normal place to build…

Too many vacation rentals and strict homeowners associations are pushing up housing costs, a study said. Renters in some areas of the state are paying as much as an 18% premium for their apartment.  An economist at Florida Atlantic University said the issues could stifle Florida's economic growth. Loading Something is loading. Thanks for signing…

Many people who put thousands down on new homes canceled their contracts and lost money, per NPR. They told NPR they didn't have a choice because the payments had grown since rates rose. Nationally, new home build cancellations are up nearly 20% from last year.  Loading Something is loading. Thanks for signing up! Access your…

Inflation and interest rates have soared throughout 2022. As the economy becomes more volatile, more homebuyers are sitting on the sidelines. It's a "psychological hurdle" for homebuyers, the president of a large US home-building firm said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on…