Weak Jobs Report Signals Slowdown is Looming
The U.S. economy added 187,000 jobs in August - less than expected - while the unemployment rate rose to 3.8%, according to the U.S....
Home Prices Hit Record High Amid Mixed Signals in Market
The Data & Analytics division of Black Knight Inc. has released a high-level summary of its latest Home Price Index for July 2023. Even...
NAR: Pending Home Sales Saw Small Gain in July
Pending home sales increased 0.9% in July compared with June but were down 14% compared with July 2022, according to the National Association of...
Redfin: Investors Make Big Move Away from Homebuying
According to a new report from Redfin, investor home purchases fell 45% from a year earlier in the second quarter, outpacing the 31% drop...
Case-Shiller: Home Prices Continued to Rise in June, But With Stark Regional Differences
Despite rising mortgage rates, U.S. home prices continued to inch up in June, rising 0.7% after seasonal adjustment compared with May, according to the...
Home Price Appreciation Up in July, Likely to Keep Rising
According to data from the American Enterprise Institute’s (AEI) Housing Center, national constant-quality home prices in July were up 2.7% from a month earlier...
Redfin: Housing Market Remains a Dizzying Rollercoaster Ride
According to a new report from Redfin, July pending home sales rose 0.7% from a month earlier to the highest level since the start...
High Mortgage Rates Decimating Homebuyer Purchasing Power
A new report from Redfin states that historically high mortgage rates are cutting into buyers’ budgets.
A homebuyer on a $3,000 monthly budget, for instance,...
Share of First-Time Homebuyers Hits 50 Percent, Mostly Millennials
According to Zillow's 2023 Consumer Housing Trends Report, first-time buyers now make up 50% of all homebuyers, up from 45% last year and a...
Existing-Home Sales Fell For a Second Straight Month in July
Existing-home sales dropped for a third straight month in July, falling 2.2% compared with June and 16.6% compared with July 2022 to a seasonally...
Housing Starts Increased in July But Builder Confidence is Back on the Decline
Housing starts increased in July, driven mainly by a surge in single-family construction, as builders continued to step up production in an effort to...
Policies to Streamline Homebuilding Key for Taming Inflation
With shelter inflation accounting for 90% of the overall inflation rate last month, the National Association of Home Builders (NAHB) has called on policymakers...
Several Signs Point to a Calming Housing Market
According to the latest Zillow market report, a warmer-than-normal housing market is showing signs of a typical late-summer seasonal cool down, Competition is still...
Share of U.S. Homes Worth At Least $1 Million Rising
Just over 8% of homes in the United States are worth $1 million or more. That figure is near June 2022’s all-time high of...
SoCal June Home Sales Down Nearly 25% Year Over Year as Prices Rise
CoreLogic released its monthly Southern California home sales report for June 2023, which includes data for new and resale single-family homes and resale condominiums...
Home Prices at New High Boosting Equity, Savings
Black Knight Inc. has released its August 2023 Mortgage Monitor Report, looking again at the reheating housing market nationwide, with home prices hitting new...
Labor Market Cooled in July as Wages Continued to Rise
About 187,000 jobs were added to the U.S. economy in July, below expectations, while the unemployment rate was basically flat at 3.5%, according to...
Zillow: Housing Market Stabilizing Yet Still Problematic
After record-breaking speed and price growth in 2021 and 2022, the housing market has largely settled and avoided a dramatic plunge in prices, but...
CoreLogic: June Saw U.S. Annual Home Price Growth
The CoreLogic Home Price Index (HPI) and HPI Forecast for June 2023 show that U.S. home prices (including distressed sales) increased by 1.6% year...
Homeowners with Low-Rate Loans Still Holding as Values Hit Record
According to a new survey by Zillow, homeowners with a mortgage interest rate above 5% are nearly twice as likely to say that they...