Reported about 8 hours ago
As the US spring buying season begins later than expected, the housing market shows signs of resilience, with a 1.6% rise in housing starts in April, mainly driven by a surge in multifamily construction. Zillow's senior economist highlights that despite recent policy uncertainty and a dip in single-family home starts, factors such as improved affordability and steady mortgage rates could stimulate buyer activity, particularly among first-time homebuyers. With increased assistance options available, the market is anticipated to catch up as the season progresses.
Source: YAHOO