Real Estate

Due to the strength of the job market, fewer young adults lived with their parents in 2017 than in 2016, new data shows.

The gain in mortgage applications was driven by applications to refinance a home loan.

Existing home sales were expected to increase in May.

Home sales are heating up on the Massachusetts vacation island and dollar volume could exceed $1 billion this year.

The gain in mortgage applications was driven by applications to refinance a home loan.

Mortgage rates have been up and down in recent weeks, so when borrowers saw some stability, they jumped at a chance to lock in a rate.

Many renters recently surveyed say they aren’t happy with the location where they live, but high costs are preventing them from making a move.

More new homes entered the pipeline in May than in any other month since the end of the Great Recession. But the gains are uneven across the country, and permit activity indicates they may be short-lived.

Rising sea levels and climate change are putting a significant number of homes at risk of tidal flooding, even in the absence of major storms, according to a new report from the Union of Concerned Scientists.

Home buyers can expect to pay more for a home this summer. The median existing-home price for all housing types reached an all-time high in May at $264,800, according to the latest housing report released by the National Association of REALTORS®.

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David Wilson of Capgemini Financial Services says China, Japan and India all showed solid gains among high net worth individuals in 2017, led by stock market rallies and diversified investments.

Following a dip last month, housing starts rebounded in May, up 5 percent to 1.35 million from the revised April estimate of 1.286 million, according to recent data released by the U.S. Department of Housing and Urban Development and the Commerce Department. Meanwhile, single-family housing starts jumped up 3.9 percent since April to 936,000, the second-highest reading since the Great Recession, according to the National Association of Home Builders. Multifamily starts (five units or more) dropped slightly to 404,000.

Permit approvals fell 4.6 percent since April to 1.3 million; however, they are still 8 percent above the May 2017 rate, according to the data. Approvals for single-family builds were down 2.2 percent to 844,000 permits, and multifamily approvals came in at 421,000.

“Ongoing job creation, positive demographics and tight existing home inventory should spur more single-family production in the months ahead,” said NAHB Chief Economist Robert Dietz, in a statement. “However, the softening of single-family permits is consistent with our reports showing that builders are concerned over mounting construction costs, including the highly elevated prices of softwood lumber.”

As for completions, rates bumped up 1.9 percent from April to 1.291 million, with single-family completion rates rising dramatically—11 percent from April numbers to 890,000. Multifamily completions came in at 389,000, down 14.1 percent from April rates.

“We should see builders continue to increase production to meet growing consumer demand even as they grapple with stubborn supply-side constraints, particularly rising lumber costs,” said NAHB Chairman Randy Noel.

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The department store chain is also about to start testing mini Sears shops, selling appliances, inside its Kmart locations.

U.S. homebuilding accelerated in both single-family and multi-family home construction.

New guidance from the Department of Labor makes it possible for the first time for real estate pros to be eligible to join an association health plan.

Fully autonomous vehicles could render garage space obsolete for many homeowners.

Much focus has been placed on how millennials will impact housing, but older Americans may actually have more influence.

Health-conscious home amenities are growing into a $134 billion industry globally.

Economists say higher borrowing costs likely won’t give home buyers the jitters for the long term.