Are mortgage buydowns a lifeline or a risk for new homebuyers?

The debate over the large builders’ elevated use of mortgage buydowns — and the potential risks to buyers — isn’t new. Reigniting the argument, a recent report from the American Enterprise Institute (AEI) asserts that mortgage buydowns among the large builders are artificially inflating new home pri

Pine Bluff’s low prices are not speeding up home sales

Pine Bluff’s housing market reveals a stark disconnect between affordability and buyer interest, with 34.4% of active listings taking price cuts while homes sit on the market for a median 91 days. The metro’s $139,950 median list price represents less than half Arkansas’s $315,000 statewide figure,

Connecticut governor signs bill to tackle affordable housing shortage

Connecticut Gov. Ned Lamont (D) on Wednesday signed a housing bill aimed at addressing the state’s shortage of affordable housing. H.B. 5002, a “much-debated” bill, according to CT Insider, passed during a special session in early November. The bill is a compromise from the version that Lamont had v

High-end metros see price drops, longer selling times

Pricier metropolitan areas are posting a noticeable slowdown as high-end homes take longer to sell. The top 10% of metro markets — those with median prices above $666,464 — recorded a 2.5% year-over-year price decline in October, HousingWire Data shows. Average home prices in these metros fell from