Monday, December 23, 2024

Housing Markets

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;...

CoreLogic: Home Prices Increased 0.2 Percent in November

U.S. home prices increased 0.2% in November compared with October and were up 5.2% compared with November 2022, according to CoreLogic. Cities that saw the...

Redfin: Home Affordability Improved in December, Due to Falling Mortgage Rates 

The median U.S. housing payment is down nearly $400 from its October peak, enticing some sidelined buyers to get back in the game, according...

More Consumers ‘Confident’ That Mortgage Rates Will Decrease in the Months to Come 

Although consumer confidence in the housing market remained low overall in December, consumers indicated that they have greater confidence that mortgage rates will decrease...

Another Strong Jobs Report for December but Unemployment Forecast to Rise 

The U.S. economy added about 216,000 jobs in December - better than expected - and the unemployment rate was unchanged at 3.7%, according to...

Guild Mortgage Lists First Two ‘Making Paradise Home’ Initiative Homes

Guild Mortgage has listed the first two homes from its Making Paradise Home Initiative. The affordable, sustainable manufactured homes are available for sale in Paradise, Calif.,...

ATTOM Report Reveals Counties with Highest Annual Income Required to Buy a Home

Alameda County, Calif.; Orange County, Calif.; Santa Cruz County, Calif.; Kings County, N.Y.; and Napa County, Calif., were among the top U.S. counties with the...

FHFA: Home Prices Increased 0.3 Percent in October

U.S. home prices increased 0.3% in October compared with September and were up 6.3% compared with October 2022, according to the Federal Housing Finance...

Proposed Bill Would Ban Hedge Funds from Purchasing Single-Family Properties

Democrats in Congress have introduced a bill that, if passed, would gradually ban hedge funds from buying and owning single-family homes in the U.S. The...

Redfin: Share of Buyers Looking to Move to a New Metro Area Fell in...

The impact of the pandemic on homebuyer migration patterns is waning - but with higher mortgage rates and limited inventory, people aren't exactly flocking...

New Home Sales Dropped in November in Reaction to Higher Mortgage Rates

New home sales plummeted 12.2% in November compared with October but were up 1.4% compared with November 2022 to reach a seasonally adjusted annual...

Case-Shiller: U.S. Home Prices Accelerated in October Despite Rising Mortgage Rates

U.S. home prices increased 0.6% on an adjusted basis in October compared with September and were up 4.8% compared with October 2022, as the...

ATTOM: Home Affordability ‘Stopped Getting Tougher’ in Q4 

Although mortgage rates fell in November and December, home affordability remained basically flat in the fourth quarter compared with the third quarter and was...