Redfin: Cross-Country Movers Undeterred by High Mortgage Rates
The number of Redfin.com home searchers looking to relocate to a new metro fell 3.6% year over year in February, according to a new...
BofA Data Find the Surge in Housing Costs Varies by Metropolitan Area
The Bank of America Institute has released an analysis that examines the increase in housing costs across the United States. BofA internal data show...
Banking System Instability May Prove Catalyst for Recession
Ongoing banking instability may affect the availability of jumbo mortgages, according to a new report from Fannie Mae's Economic and Strategic Research (ESR) Group.
Recent...
New Home Sales Increased in February But Remain Down Year-Over-Year
New home sales in February were at a seasonally adjusted annual rate of 640,000, an increase of 1.1% compared with January but down 19%...
The Typical Down Payment Falls as Housing Market Cools
The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to...
Existing-Home Sales Surged 14.5 Percent in February as Rates Dipped
Spurred by a drop in mortgage rates, existing-home sales surged 14.5% in February compared with January, reversing 12 months of month-over-month declines, according to...
High Rates Are Keeping New Listings Low, Frustrating Willing Buyers
Mortgage rates are making life difficult for buyers and sellers as a result of high levels and unpredictability, says Zillow's latest market report.
Relatively high...
Housing Starts Jumped 9.8 Percent in February as Home Builder Sentiment Brightened
Housing starts in February came in above consensus expectations, jumping 9.8% compared with January to a seasonally adjusted annual rate of 1.45 million, but...
Redfin Reports Seller Concessions Are Becoming Standard Currency
According to a new report from Redfin, home sellers gave concessions to buyers in 45.5% of home sales recorded by Redfin agents during the...
U.S Labor Market Continued to Show Signs of Resilience in February
Roughly 311,000 jobs were added to the U.S. economy in February, beating expectations. However, the unemployment rate edged up to 3.6%, according to the...
CoreLogic: Homeowners Gained $1 Trillion in Equity
CoreLogic’s Homeowner Equity Report (HER) for the fourth quarter of 2022 shows that U.S. homeowners with mortgages (which account for roughly 63% of all...
Black Knight: Market Volatility Thus Far Having Little Impact on Home Values
In addition to rising mortgage interest rates, lack of housing inventory is playing a significant role in the stagnation of home sales, as low...
CoreLogic: ‘Mortgage Rate Volatility Highlights How Much Uncertainty Remains’
The CoreLogic Home Price Index (HPI) and HPI Forecast for January 2023 show that U.S. home prices continued their gradual fall, with the 5.5%...
Realtor.com: Number of Homes For Sale Continues to Climb
The U.S. supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over...
Case-Shiller: U.S. Home Prices Fell 0.3 Percent in December
U.S. home prices decreased 0.3% on an adjusted basis in December compared with November but were up 5.8% compared with December 2021, according to...
HouseCanary: ‘More Normalized Supply-Demand Dynamics’ Hopefully in Store
HouseCanary’s latest Market Pulse report shows that February was the tenth consecutive month of double-digit declines in net new listings on a year-over-year basis,...
NAR: Pending Home Sales Again Showed Improvement in January
According to the National Association of Realtors (NAR), pending home sales improved in January for the second consecutive month, with all four U.S. regions...
NAR: Existing-Home Sales Fell For 12th Straight Month in January
Existing-home sales dipped 0.7% to a seasonally adjusted annual rate of 4.00 million in January, according to the National Association of Realtors (NAR).
That’s down...
Zillow: Buyers Are Ready to Buy, But Sellers Aren’t Selling
Home sales are ticking up and price declines are leveling off as buyers ready for the spring sales season, but sellers have yet to...
Housing Starts Weakened in January
Housing starts slowed in January to an annual pace of 1.31 million, down 4.5% compared with December and down 21.4% compared with January 2022,...