A neighborhood near the waterfront of West Palm Beach, FL, is slated to get a makeover as a local builder moves forward with plans to build 100 homes on land bought up by a local powerhouse family. GL Homes wants to rebuild a 10-block area of West Palm Beach, adjacent to its waterfront. The prime […]

Mortgage rates continued to drop this week, as economic uncertainty raised the prospects for further rate cuts from the Federal Reserve this year. The average rate on 30-year fixed home loans dropped to 6.63% for the week ending March 6, down substantially from 6.76% the prior week, according to Freddie Mac. Rates averaged 6.88% a

Single-family housing starts slowed dramatically in January, as builders kicked off the new year under the cloud of higher mortgage rates and potential new tariffs that could raise construction costs. Starts on single-family units, which account for the vast majority of all homebuilding, dropped 8.4% from December to a seasonally adjusted annual rate of 993,000,

President Donald Trump has imposed sweeping 25% tariffs on Canada and Mexico to pressure the U.S. neighbors to step up border enforcement—but homebuilders say they could boost new home prices. The tariffs on America’s two largest trading partners took effect early on Tuesday, along with an additional 10% tariff on China, after Trump said the

Welcome back to PalmSpringsRes.com for your monthly Coachella Valley real estate snapshot! Let’s dive into the key trends shaping our market this February. Prices on the Rise: Detached Homes: The median price climbed to $700,000, a $15,000 increase from last year and the third consecutive monthly rise. Attached Homes: The median price reached $505,000, up

Annual inflation has risen for the fourth straight month, news that will quickly send mortgage rates higher for prospective homebuyers. Overall prices were up 3% in January from a year earlier, higher than the 2.9% pace recorded in December, according to the Labor Department’s consumer price index (CPI) data released on Wednesday. So-called core inflation, excluding

Homebuyers ready to make a move this spring might have more incentive to lock in a rate. Mortgage rates eased for a sixth week in a row, to 6.76%. That’s the lowest level of 2025, but it’s still more than half a percentage point above the September low. It is still very early in 2025,

Punxsutawney Phil this week suggested that winter will stick around for a bit, and the same can also be said for several rates that are maintaining their levels. This week, I’m going to cover the latest data on the U.S. labor market and mortgage rates, homeownership and housing inventory, and most importantly—tell you what it

Sales of newly built homes slumped dramatically in January, in another troubling sign for a housing market searching for signs of life in 2025. Signed contracts for new single-family homes plunged 10.5% last month from December, to a seasonally adjusted annual pace of 657,000, the U.S. Census Bureau reported on Wednesday. The January sales figure

Texas Gov. Greg Abbott has taken aim at squatters, calling for tougher laws to protect private property from unwelcome interlopers. In his annual State of the State address on Sunday, the Republican leader said he planned to crack down on squatters because it was a pressing “public safety” issue. “Private property rights are a cornerstone