Sales of U.S. new homes recovered in April after slumping in the previous two months. But Americans are still buying new homes at a slower pace than they did a year ago.
In part three of a five-part series on millennials, we examine how an expensive New Jersey real estate market and student loan debt is keeping some millennials from buying their first home.
The first three months of 2014 brought some encouraging signs for the homebuilding market in New Jersey -- and the latest good news on that front: Permits for new construction reached a seven-month high during the month of March.
Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.
Rapid home price increases in some parts of the country have prompted an alarm about another "housing bubble," but a New Jersey economist says that's not the case in the Garden State.
U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.
Sales of U.S. existing homes slipped in February to their lowest level since July 2012 as severe winter weather, rising prices and a tight supply of homes discouraged buyers.
Foreclosure activity dropped to its lowest level last month since December 2006, according to the housing data site RealtyTrac, but the numbers for New Jersey weren't as promising.
A surprisingly strong pace of new-home sales last month has boosted hopes that the spring buying season will be solid enough to lift the overall economy.