Why buying a home isn't likely to get much cheaper even under Biden's housing plan

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buying a home

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A 71-year-old Californian explains why she's one of many boomers reluctant to sell their large homes and downsize — and it has nothing to do with money

Tech Insider : Economy
The Oakland skyline is seen from this aerial view in Oakland, Calif., on Monday, May 8, 2023.
The Oakland skyline is seen from this aerial view in Oakland, Calif., on Monday, May 8, 2023.

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The South is booming, beating out the West as the fastest-growing region in the country again last year

Tech Insider : Economy
Atlanta, Georgia, Ansley Park, mansion with city skyline behind.
Atlanta mansion with city skyline behind.

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Arizona's Democratic governor squashed an effort to make homes more affordable as Biden travels to the state to promote his housing plans

Tech Insider : Economy, Politics
An aerial view of new homes under construction at a housing development on June 7, 2023 in Buckeye, Arizona. Buckeye is one of the fastest growing cities in the country and is located on the fringe of the Phoenix metropolitan area.
An aerial view of new homes under construction at a housing development on June 7, 2023 in Buckeye, Arizona.

Home prices have risen more than double the pace of inflation since the 1960s

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Home prices vs inflation rate
Home-price appreciation has significantly outpaced the rate of inflation.

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Home prices likely to keep rising even as lower mortgage rates bring more supply, according to BofA

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House sold sign
Attorney-opinion letters could save homebuyers thousands of dollars in closing costs.

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Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions

Tech Insider : Economy
Homes are seen for sale in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola
The NAR agreed to a groundbreaking settlement on Friday.

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The housing market's inventory crisis is finally easing

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Housing market recovery

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A huge wave of housing inventory hit the market in February as the 'lock-in' effect eases

Tech Insider : Economy
Arkansas
A row of homes in Bentonville, Arkansas.

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One way to help American homebuyers? Do what the Dutch do.

Tech Insider : Economy
Homes along a canal in Amsterdam.
Dutch-style mortgages offer something American mortgages don't: automatically lower interest rates as the loan is paid off.

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