Construction site of a residential building with scaffolding and large cranes Fhm | Moment | Getty Images The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government. Recent economic data shows the industry is still in a … Read more
The fate of an abandoned Queensland golf course that has become a microcosm for the debate between the need for housing versus environmental protection is a step closer to being sealed, with the state’s housing minister releasing her vision for the 67ha site. Debate between residents surrounding the former Arundel Hills Golf Club on the … Read more
Housing is the most considerable expense for U.S. consumers — and while high rents and home prices are obstacles to saving for potential homebuyers, access to affordable credit is another significant roadblock. An estimated 50 million Americans are “credit invisible,” according to a 2022 fact sheet from the Office of the Comptroller of the Currency’s … Read more
International buyers of U.S. residential real estate are running into the same hurdles as domestic buyers — namely high prices and tight supply — but they’re also up against a strong U.S. dollar, which makes the properties even more expensive for them. As a result, international buyers are pulling out. They purchased 54,300 existing homes … Read more
Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Roberto Schmidt | AFP | Getty Images It’s no secret that the housing market looks far different than it did a few years ago. While surging mortgage rates and housing prices have taken … Read more
A home available for sale is shown on May 22, 2024 in Austin, Texas. Brandon Bell | Getty Images When Rachel Burress moved into her mother’s house around a decade ago, it seemed like a short-term stop on the path to homeownership. The 35-year-old hairdresser spent those years improving her credit score and saving for … Read more
Housing inflation has remained stubbornly high even as inflation in the broad U.S. economy has cooled significantly from peak levels during the pandemic era. Its painfully slow decline is the main impediment keeping the consumer price index from falling back to policymakers’ target, economists said. “We see it as the last remaining leg” before CPI … Read more
An Adelaide woman who faces homeless with her severely disabled son was told by a public servant to use “spells” to “manifest” a home because of a shortage of public housing. Katie Fattel, 40, has until September to find a new home because of extensive water damage in her current Woodville private rental. And she … Read more
The land below many U.S. cities is sinking, including New Orleans, New York City, Miami and south San Francisco. This phenomenon, known as land subsidence, can severely affect the integrity of buildings and infrastructure. When coupled with a sea-level rise, it can greatly increase the incidence of flooding. Problems associated with land subsidence can cost … Read more
About one in five Gen Zers, or 22%, say a lack of affordable starter homes poses as a barrier towards homeownership, according to a new report. Some believe fixer-upper homes might be the answer to the issue. A fixer-upper is an existing house that needs varying degrees of maintenance work and is typically offered at … Read more
