New home sales are shaping up for their best year since 2007 Sales of new single-family homes in November rose 4.3 percent from October and 9.1 percent from Nov. 2014 to a seasonally adjusted annual rate of 490,000, according

Housing is on a precipice of affordability, according to a new study The Joint Center for Housing Studies of Harvard University has offered some unflinching examinations of the nation’s housing market, particularly in terms of affordability and the growing

Data suggests the young adult homeownership rate is stabilizing After decades of decline, the 25-to-34-year-old homeownership rate has begun to level out, seeing no significant decline in 2014, according to Fannie Mae’s Housing Insights report. That trend, according to

UPDATE: Congress has adjourned for 2016 without extending the Mortgage Forgiveness Debt Act, which will now expire at the end of the year. Read our coverage here for the full story. As part of a wider piece of tax legislation,

Where does America’s middle class stand financially? New analysis from the Pew Research Center explains The U.S. middle class, which has long defined the country’s economic prosperity, is no longer the majority of Americans. That eye-grabbing finding came courtesy of

It was a month of thanksgiving for the nation’s homebuilders November offered U.S. homebuilders many reasons to give thanks, with permits, starts and completions all in positive territory. According to the latest report from the U.S. Census Bureau, building

New projections from the country’s Bureau of Labor Statistics forecast big job gains for the construction sector over the next decade and emphasize the growing importance of environmentally conscious building. Over the 10-year period beginning in 2014 and ending

The federal funds rate will rise by 0.25 percent The Federal Reserve announced today that it will raise the federal funds rate, the key interest rate that influences mortgage, auto loans and other forms of financing, by 0.25 percent. Additionally,

One-stop shopping offers benefits to homebuyers, but they still want agents’ help Fifty percent of recent homebuyers used one source, or one-stop shopping (OSS), to procure homebuying services, according to a National Association of Realtors survey. That is compared to 29 percent

America sees a range of three to 26 years to save for a downpayment, depending on the state It takes 7.56 years for an average first-time homebuyer to save for a down payment on a new home in Massachusetts, according

Builder confidence in the market for newly constructed single-family homes remained relatively flat in December, dropping one point to 61 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). David Crowe, the NAHB’s chief economist, said past

What is the preferable home size? The median size for homes purchased in 2015 was 1,900 square feet, according to the 2015 Profile of Home Buyers and Sellers from the National Association of Realtors. Beyond that median, though, NAR uncovered

Fannie Mae’s 3-percent down-payment policy was met with praise and skepticism in equal parts, but how has it impacted housing? It was last October when Fannie Mae announced that, in an effort to broaden credit access, it would lower its

Although it’s still far from its pre-recession peak, car transportation is up There has been a significant increase in the number of Americans driving, according to a report released by Doug Short of Advisor Perspectives. The report looked at the estimated

Downsizing is a natural progression in housing we’ve come to expect of older generations, such as the aging Baby Boomers, whose preference for high square footage is diminishing as their children leave the nest and retirement sets in. But

The economy continues to recover, but Americans’ finances are still stuck in the mud A surprisingly large share of Americans are in a precarious financial state, according to a new, detailed study from The Pew Charitable Trust. For its study,