Housing Starts Jumped 14.8 Percent in November, Driven by Lower Mortgage Rates
Housing starts surprised in November, reaching a seasonally adjusted annual rate of 1.56 million, an increase of 14.8% compared with October and up 9.3%...
Redfin: New Listings Increased in November on Lower Mortgage Rates
Falling mortgage rates have breathed new life into the housing market as listings and pending home sales have both increased, Redfin reports.
More homes changed...
NAR Forecasts 4.71 Million Existing-Home Sales in 2024, a 13.5 Percent Increase
Existing-home sales will reach 4.71 million in 2024, up from an anticipated 4.1 million in 2023, as mortgage rates decrease, home price appreciation slows...
Zillow: Housing Market Continues to Improve for Buyers
Mortgage rates decreased, home price growth slowed, and housing inventory increased during the past month, leading to improved affordability, according to Zillow’s most recent...
ATTOM: New York and Chicago Were the ‘Most Vulnerable’ to Housing Market Declines in...
California, New Jersey and Illinois were the states most vulnerable to declines in the housing market in the third quarter, according to ATTOM’s Special...
Home Prices Will Continue to Rise in 2024-2025, But at a Much Slower Pace
U.S. home prices will increase 2.4% in 2024 and 2.7% in 2025, a group of housing experts predict in a report from Fannie Mae.
According...
Healthy Jobs Report for November Signals ‘Soft Landing’ Ahead for the Economy
The U.S. economy added 199,000 jobs in November - lower than the 12-month average but still above expectations - while the unemployment rate fell...
Fannie Mae: 85 Percent of Consumers Say Now is a Lousy Time to Buy...
Only 14% of U.S. consumers think now is a good time to buy a home, according to the latest Fannie Mae Home Purchase Sentiment...
CoreLogic: Northeast Gains Drove Home Price Appreciation in October
U.S. home prices continued to rise in October - driven mostly by gains in the Northeast - but the rate of appreciation slowed significantly.
According...
Zillow: Housing Market Will Improve in 2024 – But Only a Little
Zillow is forecasting that the housing market will improve slightly in 2024, but affordability will remain a challenge.
Buying a home will remain expensive, keeping...
Homebuyer Affordability Continued to Erode in October
The national median mortgage payment was $2,199 in October, an increase of $44, or 1.2%, from September and up $143, or 9.3%, from October...
First American: Housing Affordability Challenges Likely to Continue Through 2024
The labor market will likely weaken, leading to slower wage growth in 2024 and exacerbating the housing market’s affordability problem, according to a recent...
Case-Shiller: Lack of Inventory Continued to Push Home Prices Higher in September
U.S. home prices continued to increase in September - albeit at a slower pace - rising 0.7% compared with August and up 3.9% compared...
New Home Sales Decreased 5.6 Percent in October
After surging more than 12% month over month in September, sales of new single‐family homes dropped 5.6% in October to a seasonally adjusted annual...
Study Shows Which States Have the Most Affordable Mortgage Payments
A new study reveals the states where homeowners spend the smallest portion of their income on home payments throughout the U.S.
The research by SelfStorage.com...
Redfin: Housing Market Looks a Little Brighter in November
Homebuyers have reason to be optimistic this November as mortgage rates have fallen and available inventory has increased, Redfin reports.
For the four weeks ended...
Home Prices Continue to Rise, With Some Luxury Markets Seeing Strong Increases
U.S. home prices increased 0.4% in October compared with November and were up 7% compared with October 2022, according to First American’s most recent...
Zillow: More Young Homebuyers Open to Renting a Portion of Their Home
More than half of young home buyers would consider renting out all or a portion of their home to produce additional income, a new...
NAR: Existing-Home Sales Fell 4.1 Percent in October
Existing-home sales in October were at a seasonally adjusted annual rate of 3.79 million, a decrease of 4.1% compared with September and down 14.6%...
Housing Starts Increased in October as Builders Respond to Strong Demand for New Homes
Housing starts in October were at a seasonally adjusted annual rate of 1.372 million, an increase of 1.9% compared with September but down 4.2%...