Shares of Lowe’s Cos. rallied toward a seven-month high Tuesday, after the home-improvement retailer’s surprisingly strong quarterly profit overshadowed downbeat outlooks for earnings and for “do-it-yourself” demand, as housing turnover remain depressed. Net earnings for the company’s LOW, +1.76% fiscal fourth quarter, which ended Feb. 2, rose to $1 billion, […]
Housing
Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers on ‘The Claman Countdown.’ Celebrity real estate agent Mauricio Umansky is sounding the alarm over the “perfect storm of total unaffordability” brewing in the housing market. Mauricio Umansky, The Agency founder […]
A plunge in home sales in Phoenix, Arizona, in the past three years is a sign that the country is facing a “real-estate sales recession,” according to independent real-estate analyst and former agent John Wake. In a post published on X, formerly known as Twitter, Wake shared recent data for […]
A home should be a sanctuary, a safe place to feel sheltered against the chaos and threats of the outside world. But with the recent onslaught of record-breaking natural disasters, many Americans are feeling increasingly vulnerable. In the past year alone, we’ve endured the hottest summer on record, devastating wildfires in Canada […]
Moratorium on Beverly Hills building permits A judge has issued a moratorium on building permits in Beverly Hills. A judge has stopped the city of Beverly Hills from issuing all building permits except for new residential development as a penalty for the city’s alleged failure to approve an appropriate plan […]
Buffalo, New York is projected to be the hottest housing market of 2024, according to an analysis from real estate company Zillow. Zillow called affordability the “most powerful force driving real estate,” bringing lower-cost markets in the Great Lakes, Midwest and South regions to the top of the company’s 2024 […]
John Matheson, a home inspector in Alameda, Calif., kept busy during the pandemic when the housing market was red hot. But as interest rates started to rise about halfway through 2022, he noticed that his workload began to drop. Last year, the number of jobs plummeted. “My business is about […]