Washington’s political drama obscures potential new rate drops

The forecast for interest rates is still low, reinforced by new information from the Federal Reserve.

August was the easiest month in 2019 to afford a home: NAR

The typical family possessed 160.4 percent of the estimated income required to purchase a home in August, according to the National Association of Realtors.

Inman News quiz: Think you’re on top of the week’s biggest stories?

The real estate industry threw some curveballs. Take Inman’s real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.

President Trump’s tax cuts cost homeowners $1 trillion: Report

Policies passed in 2017 that capped various real estate-related federal tax deductions limited housing price growth.

LA’s housing plan for homeless is behind schedule and over budget

The city is now spending more than $500,000 per unit to house homeless, a mere $14,000 less than the median sales price for a condominium in Los Angeles.

Trade group and landlords divided on rent control law in California

The law exempts most apartments built within the past 15 years, and, thanks to lobbying by the California Association of Realtors, it doesn’t apply to most single-family homes.

Which US city has the smallest apartments? Hint: It’s not New York

An analysis by Apartment List, which looked at data from 100 of the most populated cities with at least 20 units available on Apartment List’s site, revealed that many of the nation’s smallest studio, one- and two-bedroom apartments are in cities across the Midwest and South.

Bidding wars aren’t going away anytime soon: NAR

A new National Association of Realtors survey found that every home sold in August had three offers on average.

Mid-market inventory shortage is ‘canary in the coal mine’

A new realtor.com housing trends study released Tuesday reveals another seismic inventory shortage may be on the way.

Affordability is ‘getting worse, not better’: Report

An alarming new report says 90 percent of the new houses being built today can be purchased by just 10 percent of American households. Student debt and lack of building are a couple of factors to blame.