Real Estate

NBC News Clone summarizes the latest on: Real Estate - Business and Economy | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

Three partially-built houses stand behind two finished houses with solar panels.

Justin Sullivan / Getty Images file

Congress

Senate passes major housing affordability bill by Elizabeth Warren and Tim Scott

Brady Bunch House

Damian Dovarganes / AP

U.S. news

'Brady Bunch' house gets historic status in L.A.

In an aerial view, apartments are seen undergoing construction downtown in Austin, TX.

Brandon Bell / Getty Images

Real Estate

Even as rent falls in many U.S. cities, a supply crunch could be on the horizon

A home for sale in Surfside, Fla.,

Zak Bennett / Bloomberg via Getty Images

Real Estate

Mortgage rates just fell below 6% for the first time in years

Home for sale sign.

Patrick T. Fallon / AFP via Getty Images file

Real Estate

There are glimmers of hope in the housing market

Eleni Kalorkoti for NBC News

Data Graphics

NBC News is measuring how hard it is to buy a home right now

A '"for sale" sign is seen in a window of a mobile home

Allison Shelley for The Washington Post via Getty Images

Real Estate

Senator launches probe of investment groups buying up trailer parks

Bill Pulte.

Mark Schiefelbein / AP

Real Estate

Federal watchdog investigating Bill Pulte, Trump's housing chief

Paradise Village homes are up for sale

Kevin Neri / Statesman Journal via USA Today Network file

Real Estate

Are you 40 and buying your first home? Welcome to the club

Apartment door open.

Kinga Krzeminska / Getty Images

Real Estate

Scammers use real apartments and impersonate agents to con prospective renters

US-ECONOMY-HOUSING

Frederic J. Brown / AFP / Getty Images

Real Estate

Mortgage rates have fallen to the lowest in a year. Should you refinance?

A Compass sign that reads "Compass, Appointment Only" outside of a white house

David Paul Morris / Bloomberg via Getty Images file

Real Estate

Real estate brokerage Compass to buy rival Anywhere in $4.2 billion deal

Construction workers at residential zone.

Justin Sullivan / Getty Images file

Business News

Mortgage rates see biggest one-day drop in over a year

This line chart shows two sub-indexes, scarcity and competition, from the NBC News Home Buyer Index, from August 2019 to July. Scarcity starts at about 55, dips to 51 in early 2020, then climbs and stays high, peaking at 95 in April 2023 and ending at 94.2. Competition rises from the mid-40s in 2019 to 100 in much of 2021 and 2022, then trends down in 2024 and this year to a low of 32 in July. In the past five months, a trend is noticeable: scarcity and competition, starting at near the same value in the mid-60s, went in different directions. Scarcity jumps from 64.2 to 94.2, while competition falls to 32.9.

Data Graphics

The housing market's sleepy summer, in 3 charts

An Evergrande property development in Nanjing, China.

CFOTO / Future Publishing via Getty Images file

Real Estate

What to know about the delisting of property developer China Evergrande's shares in Hong Kong

Embattled property giant China Evergrande Group said on August 12 it will delist from Hong Kong Stock Exchange as a heavier-than-expected debt burden weighed on its liquidation process.

AFP - Getty Images

Hong Kong

Delisting of Chinese developer Evergrande closes tumultuous chapter for investors

New Home Construction

Nam Y. Huh / AP file

Real Estate

High costs and few sales: The U.S. housing conundrum

A view of solar panels outside

Brandon Bell / Getty Images file

Real Estate

These little robots are changing the way solar farms are built, saving time and money

Economy

Trump calls on a Fed governor to resign following mortgage fraud allegations

Artificial intelligence

AI is moving into the apartment market, taking over work orders, lease renewals, showings and more

A subdivision that has replaced the once rural landscape on July 19, 2023 in Hawthorn Woods, Ill.

Scott Olson / Getty Images file

Real Estate

Weekly mortgage refinancing demand shoots 23% higher, with riskier loans making a comeback

Shohei Ohtani walks on the baseball field

Jessie Alcheh / AP

U.S. news

Shohei Ohtani and his agent accused of sabotaging luxury real estate deal in Hawaii

Rear view of business people working in cubicles in a communal office Wide shot of three business people sitting in cubicles, in a communal office space, using laptops and working diligently on projects.

fotostorm / Getty Images

Real Estate

Companies are monitoring and enforcing office attendance at the highest rate in 5 years

Trump Tariffs

Robert F. Bukaty / AP

Real Estate

Startup Trunk Tools is using AI to reduce construction errors and waste

Apartment for rent sign, Hell's Kitchen, New York City

Deb Cohn-Orbach / UCG/Universal Images Group via Getty Images file

Real Estate

Apartment rents drop in July as vacancies move to multiyear high

Row Houses In Washington DC

Kevin Carter / Getty Images file

Real Estate

Real estate developers say affordable housing could soon become more profitable

Home Sales

Jenny Kane / AP

Real Estate

U.S. home sales fade in June as national median sales price hits an all-time high of $435,300

Aerial view of homes

Jordan Vonderhaar / Bloomberg via Getty Images

Real Estate

Institutional landlords see new competition from an unexpected source

For Sale Sign in Front of New House.

Real Estate

Why cutting capital gains tax on home sales wouldn’t solve the country's housing issues

A person in a car drives past a destroyed home

Giorgio Viera / AFP - Getty Images

Real Estate

Hurricane risk in Florida is escalating. Home insurance is harder to get.

Livvy Dunne.

Aeon / GC Images

Culture & Trends

Livvy Dunne says co-op board rejected her bid to buy Babe Ruth's old NYC apartment

A person holds an inclusive pride flag during a Fairfax County School Board meeting after a rally in support of inclusive Family Life Education at Luther Jackson Middle School in Falls Church, Va. on July 14, 2022.

Eric Lee / The Washington Post / Getty Images file

OUT Politics and Policy

Virginia agrees not to fully enforce state law banning conversion therapy for LGBTQ minors

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