NAHB: Home Builder Confidence Continues to Fall on Higher Rates
Home builder confidence in November fell six points to a score of 34 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market...
Home Sales Will Drop 18 Percent This Year, NAR Forecasts
U.S. home sales will decrease 18% this year, due mainly to higher mortgage rates, limited inventory and high home prices, the National Association of...
NAR: Average Income to Purchase a Home Jumps to $107K
The median household income of U.S. home buyers who purchased single-family primary residences jumped to $107,000 in June, according to the National Association of...
Housing Affordability Fell to its Lowest Level in More Than a Decade in Q3
Mortgage rates above 7%, elevated construction costs and limited existing inventory helped push housing affordability to its lowest level in more than a decade...
CoreLogic: Home Prices Continued to Rise in September; Rate of Growth Expected to Slow...
U.S. home prices continued to climb in September, rising 0.3% compared with August and 4.5% compared with September 2022 - and the rate of...
MCT: Mortgage Rate Lock Volume Dropped Again in October With No Recovery in Sight
Mortgage rate lock volume dropped 17.76% in October compared with September according to hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT).
Loan...
BLS: Job Growth Slowed in October
Job growth slowed in October as the unemployment rate increased slightly to 3.9%, according to the U.S. Bureau of Labor Statistics.
The economy generated 150,000...
NAHB: Despite Higher Mortgage Rates, Many Americans Still Desire Homeownership
Despite mortgage rates topping 7%, Americans persist in their desire to buy a home, a report from the National Association of Home Builders (NAHB)...
FHFA: Home Prices Increased 0.6 Percent in August
Home prices for mortgages sold through Fannie Mae and Freddie Mac increased 0.6% in August compared with July and were up 5.6% compared with...
Case-Shiller: Home Prices Continued to Surge in August, in Defiance of Rising Rates
Despite rising mortgage rates, U.S. home prices continued to surge in August, increasing 0.9% compared with July and up 2.6% compared with August 2022,...
Biden Administration Seeks to Boost Commercial-to-Residential Building Conversions
In an effort to boost housing supply, the Biden-Harris administration is encouraging communities and developers to explore more commercial-to-residential conversions.
To that end, the White...
NAR: Pending Home Sales Increased Slightly in September
Pending home sales eked-out an increase of 1.1% in September, according to the National Association of Realtors (NAR), but total sales volume is so...
New Home Sales Jumped 12.3 Percent in September, Despite Rising Mortgage Rates
After slumping the previous month, new home sales in September were at a seasonally adjusted annual rate of 759,000, up 12.3% compared with August...
Zillow: More Than a Third of Prospective Buyers Open to Purchasing a Haunted House
How bad is the housing supply shortage?
A recent survey from Zillow survey finds that 35% of prospective buyers would buy a haunted house if...
Closed Home Sales Fall to Lowest Level Since Start of COVID
New listings climbed 1.4% month over month in September, the largest increase since February 2022 on a seasonally adjusted basis, according to a new...
Homeowner Tenure on the Rise as Many Are Rate-Locked Into Their Homes
Due to rising mortgage rates, which are keeping many homeowners “rate-locked” in their current homes, homeownership tenure is now close to a high point...
Profit Margins on Home Sales Increased in the Third Quarter
Profit margins on median-priced single-family home and condo sales increased to 59% in the third quarter – the second quarter-over-quarter increase following several declines,...
All-Cash Sales Now Represent More Than a Third of Home Sales
Nationwide, all-cash purchases accounted for 36.6% of single-family home and condo sales in the third quarter, up slightly from 36.4% in the second quarter,...
Existing-Home Sales Dropped in September as Cash Buyers Represented a Third of Sales
Existing-home sales in September were at a seasonally adjusted annual rate of 3.96 million, a decrease of 2% compared with August and down 15.4%...
MBA: Applications for New Home Purchases Dropped 12 Percent in September
Applications for mortgages for new home purchases dropped 12% in September compared with August but were up 14.9% compared with September 2022, according to...