Just 46 percent of the people who strongly prefer a new home are willing to pay the 20 percent premium that new homes cost.
Homeowners are increasingly looking back at their own homes for makeovers rather than looking ahead to move up.
The signs are there that this should be a robust spring housing market, but it just isn't turning out that way. Here's why.
Weekly mortgage applications plummeted to a four-year low last week despite positive reads on the market.
With first-time buyers priced out of homes and facing tougher credit standards, homeownership had nowhere to go but down.
Pending home sales from the National Association of Realtors rose 3.4 percent in March but is still down 7.9 percent from March of 2013.
Bouyed by higher-end homes, D.R. Horton turns the tables by announcing it will now also focus on the entry-level market.
Despite warmer weather, relatively stable interest rates and more homes coming on the market for sale, mortgage applications fell last week.
Forget the harsh winter. Higher home prices are stifling sales around the country, and low inventories aren't helping.
Discussing home foreclosures in the city of Detroit, with Dani Babb, The Babb Group CEO, and Charlie LeDuff, author of "Detroit: An American Autopsy."
"It's nothing more than a land grab," said a business owner in Philadelphia over efforts by the city to take his property.
Confidence among home builders in the market for new, single-family homes remained in a holding pattern in April, ticking up just one point.
Big banks are willing to give up market share in originations to avoid having to service defaulted loans.
U.S. home foreclosure filings slid 23 percent in March, helping bring first-quarter foreclosure activity to its lowest level since 2007.
Most of the growth in home sales is in the higher end of the market, where buyers have higher credit scores and higher down payments.
Would-be buyers out trolling neighborhoods are finding higher prices than they expected. Home prices are up 12 percent from a year ago.
Vacation home sales are on a tear, and more than half of the owners say rentals are already booked for at least half the summer.
Looking to buy a home as an investor? Check out the best and worst places for rental returns.
So far this year, apartment REITS have returned 12.75 percent, making it the most profitable sector in commercial real estate.
One long winter may be impacting traders' sentiment on home builder stocks.