Housing Starts Unexpectedly Jumped 7 Percent in September
Housing starts jumped 7% in September compared with August to a seasonally adjusted annual rate of 1.358 million, according to estimates from the U.S....
Home Builder Confidence Dropped Again in October Due to Higher Mortgage Rates
Home builder confidence in October fell to the lowest level since January due to stubbornly high mortgage rates that have climbed to a 23-year...
U.S. Home Prices Surged in September as Buyers Scoured the Dwindling Supply
U.S. home prices surged in September, as sellers sat on the sidelines and buyers chased what few homes were available for sale.
According to the...
Fannie Mae: Home Price Growth Slowed in the Third Quarter
Single-family home prices increased 5.3% from the third quarter of 2022 to the third quarter of 2023, up from the previous quarter's revised annual...
MBA, NAR and NAHB Urge Fed to Halt Rate Hikes
If the Fed continues to hike rates, the housing market will be decimated, possibly leading to a recession, three of the industry's most powerful...
Rising Mortgage Rates Are Sapping Consumer Confidence in the Housing Market
Consumer confidence in the housing market continued to decline in September, as rates and home prices continued rise, eroding affordability.
According to Fannie Mae’s Home...
Veros: U.S. Home Prices Forecast to Increase 2.2 Percent Over Next 12 Months
U.S. home prices are forecast to increase 2.2% over the next 12 months, which means home affordability will likely continue to erode - but...
CoreLogic: Home Prices Inched Up Again in August, Forecast to Rise 3.4 Percent
U.S. home prices continued to rise in August, increasing 0.3% compared with July and up 3.7% compared with August 2022, according to CoreLogic.
It was...
U.S. Housing Value Skyrockets, Up $2.6 Trillion
A new analysis from Zillow shows the housing market has rebounded impressively in 2023 after a short-lived downturn late last year. The total value...
Case-Shiller: Home Prices Continued to Rise in July, Providing Optimism
U.S. home prices increased 0.6% in July compared with June, flying in the face of higher mortgage rates and driven by a severe lack...
Home Affordability Lowest in More Than 30 Years
First American Financial Corp. has released the July 2023 First American Real House Price Index (RHPI), a measure of both house-buying power and housing...
NAR: Existing-Home Sales Dipped in August as Mortgage Rates Continued to Rise
Existing-home sales decreased 0.7% in August compared with July, according to the National Association of Realtors (NAR), and were down 15.3% compared with August...
Redfin: Median Monthly Mortgage Payment Hits Record High
As fall approaches, owning a home seems increasingly unobtainable for many prospective buyers. That statement is only underscored by a new report from Redfin,...
Redfin: Back-to-Office Mandates Among Reasons for Relocation
A new survey commissioned by Redfin reveals that return-to-work policies are motivating one in every 10 (10.1%) home sellers in the United States to...
Zillow: New Listings Up, Homebuying Competition Still Stiff
The latest market report from Zillow delivered a pleasant surprise for home shoppers in August – an uptick of new listings. Although sellers are...
CoreLogic: Home Equity Decreases and Increases
CoreLogic, a property information, analytics and data-enabled solutions provider, has released its Homeowner Equity Report (HER) for the second quarter of 2023. The report...
Redfin: Homeownership Not Possible for Many Millenials, Gen Zers
A new report from Redfin shows that nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent...
Housing Affordability Crisis Keeps Consumer Sentiment Low
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 0.1 points to 66.9 in August, remaining effectively unchanged, as consumer confidence toward housing...
Redfin: One in Eight San Francisco Home Sellers Took a Loss
According to a new report from Redfin, roughly one of every eight (12.3%) homes that sold in San Francisco during the three months ending...
Big Cities Show Biggest Slowdown in Single-Family Building
According to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the second quarter of 2023,...