VIDEO: Homebuilding Leader Says Skilled Labor Shortage Adds $2,500 to Cost of New Homes
Ed Brady, CEO of the Home Builders Institute, says the home construction industry faces a coming crisis because of a shortage of workers. The home construction business has had a severe shortage of workers for years. The Home Builders Institute estimates the industry needs 700,000 additional workers
Real Estate Tycoon Mauricio Umansky Reveals Plans for L.A. Mayoral Run
Real estate mogul Mauricio Umansky, the estranged husband of "Real Housewives of Beverly Hills" star Kyle Richards, is seriously considering swapping luxury listings for Los Angeles City Hall. The 56-year-old founder and CEO of The Agency revealed that a future run for mayor of Los Angeles is on the
What Higher Mortgage Rates Mean for Home Sellers
Higher mortgage rates don't just affect buyers. They can change what it takes to sell your house, too.That's because today's buyers are paying close attention to affordability. And when rates rise, even a relatively small change can make a noticeable difference in their monthly payment. So, they're
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