Housing Affordability

As housing affordability reaches a critical point, homebuilding company Toll Brothers Inc.  (NYSE:TOL) CEO Douglas Yearley gave insights about the customer base during the second-quarter earnings call on Wednesday.What Happened: Yearly said, “Over 70% of our business serves the move-up and...

In the midst of soaring home prices and surging demand for space stateside, the U.S. can take a lesson from a nation nearly 8,000 miles away: New Zealand. Known for its scenic landscapes and Lord of the Rings-inspired tourism, the island country caught the attention of economists and urban planners...

While many predictions indicate that home prices will drop next year as home sales stall, one expert predicts that housing will continue to be out of reach for many prospective purchasers. What Happened: Marc Norman, associate dean at the NYU Schack Institute of Real Estate said, "We have a...