NAR: Existing-Home Sales Dropped During January But Were Up Year-Over-Year
Existing-home sales fell to a seasonally adjusted annual rate of 4.08 million in January, down 4.9% compared with December but up 2.0% compared with...
Applications for New Home Purchases Surged in January
Applications for mortgages for new home purchases jumped 19% in January compared with December but were down 6% compared with January 2024, according to...
Title Clearing & Escrow Hires Julieann Thornsberry as Business Development Manager
Julieann Thornsberry has joined Title Clearing & Escrow, a provider of title services for the real estate industry, as business development manager.
Thornsberry has more...
Housing Starts Dropped Nearly 10 Percent in January
Housing starts dropped 9.8% in January compared with December as builders reacted to mortgage rates nearing 7% and the looming possibility of tariffs that...
Rocket Mortgage Unveils New Program That Provides Closing Cost Credits for Rent Payments
Rocket Mortgage has introduced RocketRentRewards, a new program that provides closing cost credits for renters.
With a Rocket mortgage, homebuyers earn 10% back on the...
Home Builder Sentiment Plummeted in February Over Concerns on Tariffs
Builder confidence in the housing market fell sharply in February over concerns on tariffs, elevated mortgage rates and high housing costs.
As a result, the...
NAHB to Trump: Tariffs on Imported Steel, Aluminum Will Drive Up Construction Costs
President Trump’s executive order imposing 25% tariffs on all imported steel and aluminum products is widely expected to raise residential construction costs, according to...
Active and New Home Listings Increased in January, But Potential Buyers Aren’t Biting
Active listings of homes for sale increased in January to the highest level since early in the pandemic, Redfin reports.
They climbed 0.3% month-over-month on...
More Home Sellers Cutting Prices as Inventory Rises
Nearly 23% of home sellers cut their home's list price in January, according to Zillow.
That’s the highest share of any January since Zillow began...
NAR: Home Price Growth Picked Up Steam Again in Q4
The national median single-family existing-home price was $410,100 as of the end of the fourth quarter, an increase of 4.8% compared with the fourth...
Texas Led the Way on New Home Construction in 2024
Texas had the most new home construction in 2024, accounting for 15% of housing permits in the U.S., according to a report from Realtor.com.
"The state...
Consumers Had Slightly More Optimistic View of the Housing Market in January
Consumer sentiment toward the housing market increased slightly in January compared with December, driven mainly by an increase in the number of consumers who...
Bad News for Homebuyers as U.S. Job Market Stays Strong in January
The U.S. economy added about 143,000 jobs in January, according to the Bureau of Labor Statistics - and while that is less than the...
CoreLogic: Home Prices Flat in December as More Inventory Comes Online
U.S. home prices were basically flat in December compared with November but up 3.4% compared with December 2023, according to CoreLogic’s home price index.
The...
Scott Turner Confirmed as Secretary of U.S. Department of Housing and Urban Development
Scott Turner has been confirmed by the U.S. Senate as the next Secretary of the U.S. Department of Housing and Urban Development (HUD).
Secretary Turner...
NAHB Urges Trump to Exempt Tariffs on Home Building Materials
The National Association of Home Builders is urging President Trump to exempt building materials from the proposed tariffs on Canada and Mexico because of...
ATTOM: U.S. Homeowners Saw Their Equity Gains Slow in Q4
Home prices basically stabilized nationwide in the fourth quarter - and as a result, home equity gains dipped sightly.
However, as per ATTOM’s fourth quarter...
FHFA: Home Price Growth Continued to Slow Nationally in November
Home price growth both nationally and regionally showed signs of slowing in November, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted home...
Mortgage Rates Flat This Week as Supply Shortage, Affordability Hurdles Persist
Mortgage rates were mostly flat this week, with the average rate for a 30-year fixed-rate mortgage hovering at 6.95%.
That’s down slightly from last week...
Pending Home Sales Dropped in December
Pending home sales decreased 5.5% in December compared with November and were down 5% compared with December 2023, according to the National Association of...