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Wave of Hispanic Buyers Shores Up U.S. Housing Market By Laura Kusisto and Ben Eisen Wall Street Journal
Homeownership rate for Hispanics has increased more in recent years than any ethnic group Hispanics are experiencing the largest homeownership gains of any ethnic group in the U.S., a turnaround for the population hardest hit by the housing bust that could help buoy the market for years. The homeownership rate for Hispanics has increased more during the past several years than any race or ethnic group, including whites. The rate, which hit a 50-year low in 2015, has risen 3.3 percentage points since then, according to U.S. Census Bureau data. Read more at: https://www.wsj.com/articles/wave-of-hispanic-buyers-boosts-u-s-housing-market-11563183000
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A New Survey Suggests How Much a Kitchen Remodel Might Cost You by Mitchell Parker, Houzz
A New Survey Suggests How Much a Kitchen Remodel Might Cost You It’s a good starting point, but the true cost will depend on regional and other factors Many things in life can be boiled down to one central concern: What’s this going to cost me? When it comes to remodeling a kitchen, the answer isn’t always straightforward. The size of your space, the scope of work involved, your DIY abilities, the quality of materials you choose and even your geographic location all play a part. But if you’re going into it blind, a new study from Houzz, which surveyed more
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US home prices march upward as buyers fight over low supply by Christopher Rugaber AP News
WASHINGTON (AP) — U.S. home prices rose in April from a year earlier, lifted by bidding wars in many cities where would-be buyers fought over a sparse supply of homes. The S&P CoreLogic Case-Shiller 20-city home price index moved up 6.6 percent from a year earlier, led by outsize gains in Seattle, Las Vegas and San Francisco. All three cities showed double-digit increases. Prices rose even as home sales fell and mortgage rates climbed. Sales of existing homes dropped in April and May and are now running 3 percent below their year-ago level. Fewer homes are available — the supply
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US economic growth in Q4 revised up to 2.9% rate Martin Crutsinger, Associated Press
Washington – The U.S. economy grew at a solid 2.9 percent annual rate in the final three months of last year, a sharp upward revision that caps three straight quarters of healthy growth. The Trump administration is hoping the economy will accelerate further this year, aided by sizable tax cuts and increased government spending. The gross domestic product, the country’s total output of goods and services, grew at a faster clip than its previous estimate of 2.5 percent, the Commerce Department reported Wednesday. The gain followed increases of 3.1 percent in the second quarter and 3.2 percent in the third
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