In Depth: It will take some time before housing affordability improves

In Depth: It will take some time before housing affordability improves

By Casey Quinlan for the North Dakota Monitor  (Source: North Dakota Monitor) — Inflation is slowing and job growth has surged, but many Americans still feel the burden of expensive housing – fueled in part by high demand, low inventory and mortgage rates. Home...
North Dakota’s median rent near bottom nationally, but lack of inventory compounds state’s affordable housing challenges

North Dakota’s median rent near bottom nationally, but lack of inventory compounds state’s affordable housing challenges

(Sources & Credits: New Topic News / constructioncoverage.com) — New inflation data from the federal Bureau of Labor Statistics revealed that while October’s Consumer Price Index was up 3.7 percent year-over-year, the index for shelter had risen 7.2...
Home prices, rent prices continue to rise nationally; North Dakota ranks 26th among states building the most homes

Home prices, rent prices continue to rise nationally; North Dakota ranks 26th among states building the most homes

(Source: Construction Coverage) — Rising real estate values and increasing rents have stretched budgets for homebuyers and renters since the onset of the COVID-19 pandemic. The median home sales price in the U.S. jumped by over $150,000 from the first quarter of...