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...
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 Sentiment
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...