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...
ICE: 24 Percent of Homeowners with a Mortgage Now Have a Rate Above 5...
While a majority of U.S. homeowners with mortgages continue to be locked into rates below 5%, the share with rates above 5% is growing...
Consumer Sentiment Toward Housing Market Crawled Up Slightly in June
Consumer sentiment toward the housing market improved slightly in June but remained historically low as higher mortgage rates and soaring home prices continued to...
ATTOM: Homeownership Became Less Affordable in Q2
Major homeownership expenses - including mortgage payments, property taxes and insurance - now consume about 35% of the average wage nationwide, according to ATTOM’s...
U.S. Job Market Cooled in June
About 206,000 jobs were added to the U.S. economy in June but it wasn’t enough to keep the unemployment rate from rising to 4.1%,...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
CoreLogic: Home Prices Continued to Rise in May But Rate of Appreciation Slowed
U.S. home prices increased 0.6% in May compared with April and were up 4.9% compared with May 2023, according to CoreLogic’s home price index.
It...
Pending Home Sales Fell in May Despite Rising Inventory
Pending home sales decreased 2.1% in May compared with April and were down 6.6% compared with May 2023, as higher mortgage rates continued to...
New Home Sales Tanked in May as Mortgage Rates Hovered Around 7 Percent
New home sales in May were at a seasonally adjusted annual rate of 619,000, a decrease of 11.3% compared with April and down 16.5%...
Home Prices Continued to Rise in April, But Rate of Appreciation is Slowing
Driven by a lack of inventory, U.S. home prices continued to increase in April, rising 0.3% on an adjusted basis compared with March, according...
Home Flipping Increased Slightly in Q1, Average Profit Per Flip Soared to 30 Percent
While home flipping decreased rapidly from the third quarter of 2022 to the fourth quarter of 2023, due to lack of inventory, it saw...
Housing Starts Slowed in May as Higher Mortgage Rates Continued to Dampen Demand
Housing starts were at a seasonally adjusted annual rate of 1.277 million in May, a decrease of 5.5% compared with April and down 19.3%...
NAR: Existing-Home Sales Dipped in May Despite Increasing Inventory
Existing-home sales decreased 0.7% in May compared with April to a seasonally adjusted annual rate of 4.11 million, according to the National Association of...
U.S. Home Prices Increased 0.5 Percent in May
The “Five D’s” - diapers, diplomas, divorce, downsizing and death - continue to drive a large share of U.S. home sales, as a majority...
Higher Mortgage Rates Continue to Put a Damper on Home Builder Sentiment
Builder confidence in the housing market dropped in June to a score of 43 on the National Association of Home Builders (NAHB)/Wells Fargo Housing...
Zillow: Inventory Gap Grew to 4.5 Million Homes in 2022
The U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021, according to a report from Zillow.
The report...
Patelco Credit Union, FHLBank San Francisco Partner on DPA Program for First-Time Homebuyers
To help more greater Bay Area residents achieve the dream of homeownership, Patelco Credit Union is partnering with FHLBank San Francisco on a first-time...
Redfin: Home Price Growth Slowed in May
U.S. home prices increased 0.3% month-over-month in May - the smallest increase on a seasonally adjusted basis since January 2023, according to Redfin.
Year-over-year, prices...
California, New Jersey and Illinois Have the Most At-Risk Housing Markets in the Country
Recent housing reports suggest that inventory is increasing and, as a result, home prices are starting to drop in certain areas, resulting in improved...