Supply/Demand/Prices

Buyers are rushing to get more living space as the pandemic continues. But many potential sellers are keeping their homes off the market, resulting in the worst drought on record of previously owned homes for sale.

The delay of the spring buying season prompted by the COVID-19 pandemic continues to fuel home sales into the colder months that are typically slower for the housing market. Data from Farmington Hills-based Realcomp Ltd. II released this week shows yet another consecutive month of year-over-year…

Stanford's Paul Milgrom and Robert Wilson are honored for their "inventions of new auction formats." Auctions are now used to price Internet ads, wholesale electricity and fishing permits.

Denver is experiencing its most competitive housing market in history, largely driven by the new work-from-anywhere culture of the coronavirus pandemic.