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US construction spending rises 0.4% in April despite mortgage rate pressures
U.S. construction spending rose 0.4% in April, driven by single-family homebuilding, despite rising mortgage rates amid geopolitical tensions.
US new home sales fall 6.2% in April amid rising mortgage rates
US new home sales dropped 6.2% in April to 622,000 units as higher mortgage rates and rising prices constrained the housing market.
US existing home sales drop to nine-month low in March amid tight supply
U.S. existing home sales dropped to a nine-month low in March due to tight inventory and rising mortgage rates, impacting housing affordability.
Modest rise in home prices expected in Idaho and US through 2027
Home prices in Idaho and across the US are forecast to rise modestly through 2027 amid high mortgage rates and housing shortages.
US pending home sales slump to five-month low in December
Pending home sales fell sharply in December to a five-month low as low inventory, labor market worries and limited entry-level homes outweighed lower mortgage rates.
US home builder sentiment eases in January amid affordability constraints
U.S. homebuilder sentiment fell in January as affordability pressures, higher costs and weak buyer traffic weighed on housing demand, the NAHB survey shows.
Shortage of homebuyers forces many sellers to lower prices or walk away as sales slump drags on
U.S. housing market cools as buyers gain leverage. Sellers face longer listings, falling prices in key metros, and pressure to negotiate deals.
Land Use and Housing Affordability meeting discusses skyrocketing home prices in Idaho
Throughout all parts of the Gem State, many face many difficulties in their quest to own a home, a key point shared by Pond, and a message the committee has certainly heard from him before.
Average 30-year mortgage rate falls to 6.76% in second weekly decline
The rate fell to 6.76% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.22%.
More inventory and sales mark beginning of homebuying season in Treasure Valley
Ada County’s home inventory sat at 1,421 in February, up 26.2% over the same time last year. Canyon County had 1,016 homes for sale, up 39.9% over the same period.
Industry experts share their insights into real estate and being property savvy
With today’s local median home price floating near half a million dollars, the veteran agents recently shared their unique industry perspectives with Idaho Business Review.
Treasure Valley home prices up over last year; nearly half of sales were new construction
Not only did home prices appreciate last year at 2.9% for Ada County and 3.8% for Canyon County, but new home sales made up 41.2% of sales in Ada and 40% in Canyon.
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