The construction industry is at a crossroads, grappling with a perfect storm of rising costs and increasing uncertainty. As tariffs imposed by the Trump administration loom large, construction contractors are already prepping for what could be a daunting financial blow. A report from prominent industry voices like Jon Paul Pérez, CEO of Related Group, reveals
Real Estate
In February, a surprising uptick in the sales of previously owned homes marked a 4.2% increase from January, leading many to breathe a sigh of relief. Yet, while the numbers suggest a revival, they may only represent a superficial trend rather than a genuine resurgence in the housing market, as analysts had predicted a decline.
As 2025 approaches, potential home sellers should be acutely aware of the interconnected factors that influence the housing market’s ebb and flow. Recent reports indicate an almost staggering variance in selling prices depending on the timing of your listing, with a notable spike occurring in the week of April 13 to April 19. During this
The current landscape of interest rates overseen by the Federal Reserve paints a picture fraught with uncertainty. With the central bank anticipating no adjustments to rates in its upcoming meeting, the market sits at the precipice of a concerning economic reality. While there have been glimmers of positive data regarding inflation, a brewing trade war
In the chaotic realm of American politics, few decisions reverberate quite like those entangled in trade policy. Donald Trump’s administration has brought this playbook into sharper focus, particularly regarding his tariffs on imports from Canada, Mexico, and China. While his supporters might laud these actions as protective measures for American manufacturers, the reality is slathered
In today’s real estate landscape, selling a home has transformed into a complex endeavor that requires strategic planning and comprehensive understanding. The shift we’re witnessing isn’t merely a phase; it signifies a deeper cultural and economic change in the housing market. Homeowners must embrace the reality that simply placing a “for sale” sign in their
In a chilling turn of events, reports have surfaced indicating that tens of thousands of federal employees have been unceremoniously cast aside as the Trump administration embarks on a spree of government spending cuts. The catastrophic impact of these cuts will be sharply felt, particularly in the Federal Housing Administration (FHA), where further layoffs loom
In a significant twist within the realm of real estate, the unexpected drop in mortgage interest rates has sparked a notable resurgence in loan demand. Recent statistics reveal a striking 20.4% rise in total mortgage applications week-over-week, a beacon of hope after seemingly stagnant activity throughout the year. According to the Mortgage Bankers Association, this
The dream of homeownership is being dampened by escalating property prices and the daunting expenses associated with down payments. As per recent statistics from Redfin, the median down payment recorded in December was a striking $63,188, a noticeable increase of 7.5%—around $4,000 more than the previous year. Chen Zhao, an economist at Redfin, attributes this
Nestled in southeastern Kansas, Neodesha is a tiny town with a population hovering around 2,100. Though it boasts a rich history as an oil town, having housed the first commercial oil well west of the Mississippi, Neodesha faces significant challenges that reflect broader trends in rural America. Its most iconic landmark, a towering 65-foot structure