Colorado Association of REALTORS | Housing Shortage
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Housing Shortage Tag

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U.S. Existing-Home Sales Rise in May Despite Tight Supply

U.S. Existing-Home Sales Rise in May Despite Tight Supply Sales increased 1.1% from April and the median sales price jumped 5.8%   Existing-home sales rose 1.1% in May from the prior month to a seasonally adjusted annual rate of 5.62 million, the National Association of REALTORS® said Wednesday. Economists had expected a modest decline from April. Compared with a year earlier, sales were...

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Citing Housing Shortage, Builders Push for Friendlier Laws

Citing Housing Shortage, Builders Push for Friendlier Laws   The real-estate industry argues laws making it easier for homeowner associations to sue over alleged shoddy construction drive up insurance costs and builders’ expenses   Construction at the Regional Transportation District’s Westminster Station in Metro Detroit in early July 2016. While home prices have risen at a double-digit rate for three years, the head of...