Friday, September 20, 2024

Housing Markets

Housing Starts Up Slightly in April as Builder Sentiment Improves

Housing starts increased slightly in April, bringing a glimmer of hope for the ongoing inventory problem, but remained down significantly from a year ago...

Lack of Inventory and Higher Mortgage Rates Still Affecting Home Sales

According to a report from Redfin, limited inventory and elevated mortgage rates continue to suppress U.S. home sales during the typically busy spring homebuying...

NAR: Majority of Metros Still Yielding Home-Price Gains

According to the National Association of Realtors’ latest quarterly report, nearly seven out of 10 metro markets registered home price gains in the first...

B of A Survey Finds Current Market Conditions Are Not a Huge Deterrent for...

According to Bank of America's new 2023 Homebuyer Insights Report, many hopeful homebuyers - especially those in their 40s and younger - are forging...

Unemployment Fell to 3.4 Percent in April as U.S. Economy Added 253,000 Jobs

The U.S. economy added 253,000 jobs in April, above expectations, while the unemployment rate dipped to 3.4%, according to the U.S. Bureau of Labor...

ATTOM Finds ‘Elevated Levels of Wealth’ in Home Equity

ATTOM’s first-quarter 2023 U.S. Home Equity & Underwater Report shows that 47.2 percent of mortgaged residential properties in the United States were considered equity-rich...

Realtor.com: Listing Prices Rise a Bit, But Growth is Decelerating

The Realtor.com Monthly Housing Trends Report for April shows that while listing prices were up slightly (+2.5%), annual listing price growth has decelerated for...

CoreLogic: Home Price Growth Dropped to 3.1 Percent Year over Year in March

The CoreLogic Home Price Index for March 2023 shows that U.S. home price growth fell to 3.1%, the lowest rate of appreciation since the...

Pending Home Sales Dropped in March, Down More Than 5 Percent from February

Pending home sales decreased in March for the first time since November 2022, according to the National Association of Realtors. Three U.S. regions posted...

New Home Sales Jumped 9.6 Percent in March

New home sales in March were at a seasonally adjusted annual rate of 683,000, an increase of 9.6% compared with February but down 3.4%...

WSJ/Realtor.com: Where Are the Top U.S. Emerging Housing Markets?

The Wall Street Journal and Realtor.com WSJ/Realtor.com Spring 2023 Emerging Housing Markets Index shows that Lafayette-West Lafayette, Ind., remains the No. 1 emerging market...

Analysis Shows ‘Home Price Trends Moderated’ in February

The S&P CoreLogic Case-Shiller Indices for February 2023 show a 2% annual gain in home prices - down from 3.7% in the previous month. The...

Redfin: Most Housing Metrics Slid Again in March

The median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012, according to a new report from Redfin. Pandemic...

NAR: Existing-Home Sales Fell 2.4 Percent in March

Existing-home sales deceased 2.4% in March compared with February to a seasonally adjusted annual rate of 4.44 million, according to the National Association of...

First American: Potential Existing-Home Sales Continue Their Decrease

First American’s Potential Home Sales Model for March 2023 shows that potential existing-home sales decreased to a 5.35 million seasonally adjusted annualized rate (SAAR),...

Housing Starts Dipped in March But Home Builder Sentiment Brightened

Housing starts dipped 0.8% in March compared with February and were down 17.2% compared with March 2022, however, single-family production was up month-over-month, according...

Fannie Mae: Annual Rate of Increase in Home Prices ‘Slowed Dramatically’

Single-family home prices increased at a non-seasonally adjusted annual rate of 4.7 percent from Q1 2022 to Q1 2023, down from the previous quarter's...

Seller-Buyers Feel ‘Locked In’ by Currently Low Mortgage Rates

According to a new survey from Realtor.com and HarrisX, the vast majority (86%) of those planning to sell their home in the next 12...

Veros Forecasts U.S. Home Prices Will Stay Flat For the Next 12 Months 

Real estate valuations technology firm Veros is forecasting that U.S. home values will remain basically flat over the next year, with some markets seeing...

Unemployment Fell to 3.5 Percent as U.S. Economy Added 236K Jobs in February

The U.S economy added 236,000 jobs in March - better than expected - and the unemployment rate edged down to 3.5%, according to the...