Commercial and residential real estate across the Capital Region — development projects, property sales, construction, and the market trends driving them.
Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans.
National homebuilder confidence rose across the nation this month, reaching its highest level since September, according to the National Association of Home Builders monthly index.
Soaring home values have increased property taxes for millions of homeowners in recent years, prompting action from state lawmakers to lighten the burden.