Move Concierge Hires Billy Jack Snelson as CMO
Billy Jack Snelson has joined Move Concierge as chief marketing officer.
Snelson, who worked previously as vice president of marketing at Keller Williams, is tasked...
Number of Renter Households in the U.S. Grew in the Second Quarter
The number of renter households in America grew 1.9% year over year in the second quarter to a record 45.2 million, according to a...
U.S. Economy Added 114K Jobs in July as Labor Market is Clearly Cooling
About 114,000 jobs were added to the U.S. economy in July, as the unemployment rate increased to 4.3% and the number of unemployed people...
PMI Continues to Help First-Time Homebuyers Qualify for Financing
Nearly 800,000 Americans used private mortgage insurance to purchase a home in 2023, and 64% of them were first-time buyers, according to a report...
Home Prices Were Flat in May Compared With April But Up 5.7 Percent Year...
U.S. home prices were flat in May compared with April but were up 5.7% compared with May 2023, according to the Federal Housing Finance...
Pending Home Sales Up 4.8 Percent in June But Still Down Year-Over-Year
Pending home sales increased 4.8% in June compared with May but were down 2.6% compared with June 2023, according to the National Association of...
Zillow: A Typical Starter Home is Now $1 Million in 237 U.S. Cities
The typical "starter home" is worth at least $1 million in 237 U.S. cities, according to a report from Zillow.
Five years ago, there were...
U.S. Home Prices Hit Highest Level in History in May
U.S. home prices continued to shatter records in May, rising 0.3% on a seasonally adjusted basis compared with April to reach the highest level...
Luxury Market Continued to Thrive in Q2 ‘Thanks to an Abundance of All-Cash Buyers’
The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier—the biggest increase in nearly...
First American: Home Affordability Improved Slightly in June
Home affordability improved from May to June but remained down 4% compared with June 2023, as per First American’s latest Real House Price Index.
“Nationally,...
Share of Homes Sitting on the Market Longer Than a Month Increased in June
Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract,...
New Home Sales Decreased 0.6 Percent in June as Buyers Wait for Rates to...
New home sales fell 0.6% in June compared with May to reach a seasonally adjusted annual rate of 617,000, according to estimates from the...
NAR: Existing-Home Sales Fell 5.4 Percent in June
Existing-home sales decreased 5.4% in June compared with May to a seasonally adjusted annual rate of 3.89 million, according to the National Association of...
Home Buyers Might be ‘Waiting in Vain’ for Mortgage Interest Rates to Fall
Although homebuyers have gained back purchasing power since April, most continue to sit on the sidelines in the hope that the Fed will cut...
Home Prices Increased 1.3 Percent During the Second Quarter
Single-family home prices increased a seasonally adjusted 1.3% during the second quarter, down from a revised 2.0% in the first quarter, according to Fannie...
U.S. Home Purchases by International Buyers Dropped During the Past Year
International buyers purchased $42 billion worth of U.S. residential properties from April 2023 to March 2024, down 21.2% from the prior year, according to...
Housing Starts Increased 3 Percent in June, Driven by Multifamily Production
Housing starts increased 3% in June compared with May - driven by a surge in multifamily production - but were down 4.4% compared with...
Sixty Percent of Gen Z Worry They May Never Own a Home
About 93% of adult zoomers - the generation born in the 15-year span from 1997 to 2012 - want to own a home, with...
Listings Are Piling Up in Certain Areas, Resulting in Price Cuts
Home buyers continue to wait on the sidelines until mortgage rates decrease. As a result, listings are accumulating in some areas, resulting in price...
First American: Affordability Crunch Likely to Last Through 2024
The affordability crunch plaguing home buyers is likely to persist through the end of 2024, First American says in its latest Real House Price...