Clever: ‘The Financial Outlook for Baby Boomers Has Gone From Boom to Bust’
Beyond higher mortgage rates and the “lock-in effect,” there’s another reason many existing homeowners aren’t willing to list and move: A recent report from...
Redfin: New Homes Represented a Third of For-Sale Homes in Q4
New homes for sale continued to represent about a third of all homes for sale in the fourth quarter, according to a report from...
National Homeownership Rate Dipped in the Fourth Quarter
The national homeownership rate dropped to 65.7% in the fourth quarter of 2023, down from 66% in the third quarter and down from 65.9%...
ATTOM Reveals Cities Where All-Cash Home Sales Were Highest in 2023
Which markets saw the highest percentage of all-cash home sales in 2023?
According to ATTOM’s 2023 Year-End Home Sales report, the top MSAs with the...
Case-Shiller: Home Price Appreciation Slowed Further in November as Mortgage Interest Rates Peaked
U.S. home prices continued to increase in November, despite a rising mortgage rates and the slowest home sales in decades.
According to the S&P CoreLogic...
Profit Margins on Home Sales Decreased in 2023 But Remained Near All-Time Highs
While both gross profits and profit margins on home sales remained near record levels in 2023, they decreased from 2022, marking the first declines...
Pending Home Sales Surge in December, a ‘Promising Sign For The Housing Market’
Driven by lower mortgage rates and a slight increase in inventory, pending home sales surged 8.3% in December compared with November and were up...
CoreLogic: Mortgage Performance Still Strong in November as Job Market Remains Resilient
Mortgage performance continued to remain strong in November, although early stage delinquencies crept up slightly, according to CoreLogic’s Home Loan Performance Insights Report.
Only 2.9%...
New Home Sales Jumped 8 Percent in December on Lower Rates
New home sales in December were at a seasonally adjusted annual rate of 664,000, an increase of 8.0% compared with November and an increase...
Redfin: Home Price Growth Slowed in December
U.S. home prices increased 0.4% in December compared with November — the smallest month-over-month increase since June — according to Redfin.
December represented the third...
Fannie Mae: Housing Market Will Improve in 2024
Fannie Mae is forecasting that the housing market will gradually improve in 2024, as mortgage rates decrease and home builders ramp up production.
According to...
NAR: Existing-Home Sales Fell to Lowest Level Since 1995 in December
Existing-home sales decreased 1.0% in December compared with November and were down 6.2% compared with December 2022, according to the National Association of Realtors...
Applications for New Home Purchases Sank in December but Remain Up Year Over Year
Applications for mortgages for new home purchases decreased 4% in December compared with November but were up 22.2% compared with December 2022, according to...
Housing Starts Fell in December But Were Stronger Than Expected
Housing starts fell 4.3% in December compared with November but were up 7.6% compared with December 2022, according to estimates from the U.S. Census...
Fannie Mae: Home Price Appreciation Slowed in Q4
Single-family home prices increased 7.1% in the fourth quarter compared with the fourth quarter of 2022, according to Fannie Mae’s home price index.
That’s up...
Zillow Survey Shows More Homeowners Willing to Sell as Rates Fall
Twenty-one percent of homeowners were considering selling as of the fourth quarter, up from 15% in the fourth quarter of 2022, according to a...
Redfin: Share of Homeowners With Mortgage Rates Below 6 Percent Falls to 88 Percent
The share of homeowners with mortgage rates below 6% is currently around 88.5%, according to Redfin.
That’s down from a record high of 92.8% in...
Zillow: Home Buyers Flocked to More Affordable Markets in 2023
As would be expected, given higher mortgage rates and high home prices, home buyers flocked to more affordable housing markets in 2023, a Zillow...
Survey: 96 Percent of Millennials Say High Rates Have Affected Their Home-Buying Plans
In a report from Real Estate Witch, 96% of millennials say high mortgage interest rates have affected their home-buying plans, and 70% say inflation...
House Flipping Continued to Slow in Q3 But Profits Increased
What were the hottest markets for house flipping in the third quarter of 2023?
According to ATTOM’s Q3 2023 U.S. Home Flipping Report, Akron, Ohio;...