The Second-Home Tax Is Spreading—Is Your Vacation Property Next?

New York Gov. Kathy Hochul announced a handshake budget deal this week that includes a controversial pied-à-terre tax on second homes in New York City. The move reflects an increasingly popular tactic for lawmakers facing affordability crises that are squeezing constituents while blowing holes in st

New-Home Sales Dip in July as Homebuilders Struggle To Entice Reluctant Buyers

Photo by Justin Sullivan/Getty Images Sales of newly built homes dropped in July, as price cuts and homebuilder incentives failed to lure buyers struggling with affordability. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 652,000 last month, down 8.2% from

This Northeast Region Has 3 of the Hottest Housing Markets—but Still Remains ‘Affordable’

Homebuyers in the Northeast aren’t backing down—even as property prices continue to climb and inventory becomes increasingly tight. Several markets in the region are heating up at a fast pace and now rank among the hottest in the U.S., according to the Realtor.com® June Hottest Housing Report. The t

75 housing markets where inventory is catching up—fast

Among the nation’s 200 largest housing markets, these 75 metro areas now have active inventory at or above 2019 pre-pandemic levels.   During the pandemic housing boom, from summer 2020 to spring 2022, the number of active homes for sale in most housing markets plummeted as homebuyer demand quickly