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...
Starter Homes Barely Affordable for First-Time Buyers
Starter homes are virtually nonexistent and generally unaffordable for first-time buyers in the United States, says Sheharyar Bokhari, senior economist at Redfin. The company's...
Redfin: Homeowners Staying Put, Home Prices Still Climbing
A new report from Redfin shows the typical U.S. home sold for roughly $382,000 during the four weeks ending July 23, up 2.6% from...
Luxury Home Prices Up Nationwide, Down Sharply in Some Metros
According to a new report from Redfin, luxury home prices in San Francisco are falling faster than anywhere else in the nation: a record...
New Home Sales Fell in June as Mortgage Rates Went Back on the Rise
New home sales in June were at a seasonally adjusted annual rate of 697,000, down 2.5% compared with May but up 23.8% compared with...
Case-Shiller: Home Prices Continued to Rise in May But Regional Differences ‘Striking’
U.S. home prices continued to increase in May, rising for a third straight month as inventory remained tight, according to the S&P CoreLogic Case-Shiller...
NAR: Existing-Home Sales Fell 3.3 Percent in June
Existing-home sales were at a seasonally adjusted annual rate of 4.16 million in June, down 3.3% compared with May and down 18.9% compared with...
Locked-In Homeowners Keep Inventory Low, Fuel Rising Prices
A new report from Redfin shows the typical U.S. home sold for $382,500 during the four weeks ending July 16, up 2.1% from a...
Housing Starts Decreased in June Despite Rising Home Builder SentimentÂ
Housing starts slumped in June, as builders struggled to meet rising demand for new homes in a market where existing-home sales have almost completely...
Median Home Price Nears Record High, Inventory at New Low
Despite elevated mortgage rates that have kept many homebuyers away from the market, a slight upsurge in demand coupled with a record low number...
Fannie Mae HPI: Single-Family Home Prices Keep Rising
According to Fannie Mae's latest Home Price Index (FNM-HPI) reading, single-family home prices increased 3% from the second quarter of 2022 to the second...
Redfin: Home-Sale Prices Show First YoY Upturn in Nearly Five Months
A new report from Redfin says the median U.S. home-sale price ($383,750) rose 1.5% from a year earlier during the four weeks ending July...
Home Values Hit New Peak Amid Hesitant Sellers, Eager Buyers
According to the latest Zillow Market Report, the typical home value eclipsed $350,000 for the first time ever as healthy demand from buyers continues...
CoreLogic: Home Price Growth Still Slow, Appreciation Positive
According to the CoreLogic Home Price Index and HPI Forecast for May 2023: Annual U.S. single-family home price growth slowed for the 12th straight...
Black Knight: May Record High Home Prices Indicate Market Reversal
The Data & Analytics division of Black Knight Inc. has released its latest Mortgage Monitor Report. As the nation approaches the traditional end of...
Healthy Jobs Report in June Increases Prospect of Fed Rate Hike
The U.S. economy added 209,000 jobs in June as the unemployment rate stayed flat at 3.6%, according to the U.S. Bureau of Labor Statistics.
The...
Home Prices Moderating Yet Many Markets Still Overvalued
According to a study by researchers at Florida Atlantic University (FAU) and Florida International University (FIU), even if housing prices are starting to stabilize...
Redfin: Average U.S. Home Sells Above Asking Price in June
A new report from Redfin shows the average sale-to-list price ratio of a home hit 100.1% during the four weeks ending July 2. Specifically,...
Pending Home Sales Dipped in May But Housing Market Remains Resilient
Pending home sales decreased 2.7% in May compared with April and were down 22.2% compared with May 2022, according to the National Association of...
More Home Buyers Than Sellers Keeping Market Tight
A new report from Redfin states that the typical home in the United States is selling for roughly $383,000, only about $4,000 less (-1%)...