Housing affordability weakened across the United States in the second quarter, according to the NAHB/Wells Fargo Cost of Housing Index. Higher mortgage rates and rising home prices increased the share of income needed for mortgage payments on both new and existing homes, with lower-income households facing substantially higher burdens. Key Takeaways A median-income U.S. family needed 34% of its income for a mortgage on a median-priced new home in the second quarter, up from 32% in the first quarter. The share of income required for a median-priced existing home rose to 36%, compared with 32% in the first quarter. The average 30-year mortgage rate increased from 6.20% in the first quarter to 6.51% in the second quarter. The median new-home price rose 2% to $410,700, while the median existing-home price increased 8% to $434,900. San Jose-Sunnyvale-Santa Clara, California, had the highest existing-home mortgage burden among the 175 metropolitan areas measured,
The National Association of Realtors has introduced a quarterly Commercial Real Estate Demand Index covering 306 U.S. metropolitan areas. The index measures local employment, population
The Rent vs. Buy Gap narrowed across the largest U.S. housing markets in July 2026, while seven metros showed a notable combination of falling starter-home
Hoque Global has completed the first infrastructure phase of University Hills, a roughly 280-acre, $1 billion mixed-use development in Southern Dallas. The milestone advances work
China real estate is confronting a land-tenure issue involving more than 1 trillion yuan, or about $148 billion, of non-residential property with 20 years or
Home equity held by U.S. mortgage borrowers reached a record $18 trillion in the second quarter of 2026, according to ICE. The milestone comes as
U.S. homebuyers now need an annual income of $109,796 to afford the typical home, while the median household earns $87,599. Based on June 2026 data,
More U.S. home sellers lowered asking prices in July, according to the latest housing market report from Realtor.com, as higher mortgage rates and slower seasonal
Foreign purchases of U.S. existing homes declined over the past year, according to the National Association of REALTORS®’ 2026 international transactions report. Despite fewer transactions
Wildfire exposure is altering housing migration across rural California as buyers, sellers and lenders weigh insurance access, hazard maps and ownership costs. State and industry
The former Pinarama Bowling Center in South Tampa has been sold for $3.2 million to Indraplace Tampa LLC. The transaction transfers ownership of the longtime
A Rodeway Inn property in Sun City Center has been sold for $6.5 million, marking a commercial real estate transaction that exceeded its 2018 sale
A new CNBC housing market survey found that more U.S. real estate agents are describing their local markets as balanced rather than favoring sellers. The
Office REIT funds are receiving renewed attention from market observers as investors evaluate commercial real estate investment trusts beyond the fast-growing data center segment. Recent
EQT Real Estate announced the acquisition of a 2.4 million-square-foot logistics portfolio spanning multiple Southeast U.S. markets, adding a collection of industrial properties positioned within
The Heart of America headquarters proposal moved forward in Des Moines as the hospitality and development company continued discussions with city officials regarding plans for
A South Windsor commercial property portfolio has been placed on the market in Connecticut with an asking price of $7 million, bringing a collection of
The housing market is facing another challenge as builders across the United States contend with higher costs for key construction inputs including copper, lumber, diesel
Major U.S. banks announced expanded commitments to finance affordable housing developments and homeownership initiatives, adding new capital to projects intended to increase housing supply. The funding supports public-private housing
The average U.S. 30-year mortgage rate climbed to 6.66% on July 30, its highest level of 2026, as loan applications and pending home sales weakened. Data from Freddie Mac,
East Capital Partners, through a joint venture with Westport Capital Partners, acquired a three-building industrial portfolio in Tampa using $23.15 million in acquisition financing. The transaction adds 169,055 square
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