CoreLogic: Annual Home Price Growth Dropped to 6.9 Percent in December
CoreLogic’s Home Price Index (HPI) and HPI Forecast for December 2022 show that annual home price growth dipped to 6.9%, down from a series...
Fannie Mae HPSI Suggests Consumer Housing Sentiment ‘Remains Subdued’
Fannie Mae says its Home Purchase Sentiment Index (HPSI) increased for the third consecutive month in January but still remains well below its pre-pandemic...
Strong Job Growth in January as Unemployment Rate Dipped to 3.4 Percent
The U.S. economy added 517,000 in January, way above expectations, while the unemployment rate dipped to 3.4%, according the U.S. Bureau of Labor Statistics.
The...
Redfin: Home Affordability Still Tight, But Markedly Improved Since November
A new report from Redfin shows that a homebuyer on a $2,500 monthly budget can afford a $400,000 home for the first time in...
U.S. Home Prices Fell For a Fifth Straight Month in November
U.S. home prices fell for a fifth consecutive month on November, down 0.3% on an adjusted basis compared with October but up 7.7% compared...
FHFA: U.S. House Prices Remained Near Peak Levels
House prices fell 0.1 percent nationwide in November compared to October, according to the latest Federal Housing Finance Agency (FHFA) House Price Index (HPI).
House...
Survey: 80 Percent of Millennial Homebuyers Are in Debt
A survey recently conducted by real estate firm Clever found 80% of would-be millennial home buyers are in debt, with nearly half (46%) $10,000...
NAR: Pending Home Sales Grew 2.5 Percent in December
Pending home sales increased in December for the first time since May 2022 – following six consecutive months of declines – according to the...
Rising Pending Home Sales Show Buyers Returning to Housing Market
Pending home sales fell 26% year over year during the four weeks ending January 22, the smallest drop in more than three months, according...
New Home Sales Increased 2.3 Percent in December
New home sales increased 2.3% in December compared with November but remained down 26.6% compared with December 2021, according to estimates from the U.S....
Veros: How This Housing Market Downturn is Different From 2008
How is the current housing market downturn different from the downturn of 2008-2009?
A recent report from valuations solutions firm Veros lays out the reasons...
Redfin Observes Housing Market Recovery Across the U.S.
The housing market has begun to recover after hitting a low point in the second week of November, according to Redfin. The number of...
Sales of Existing Homes Dropped Over 1 Percent in December 2022
Existing-home sales retreated for the eleventh consecutive month in December, according to the National Association of Realtors. Three of the four major U.S. regions...
Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports
The median U.S. home-sale price increased 0.9% from a year ago to $350,250 during the four weeks ending January 15, the biggest increase in...
Housing Starts Continued to Fall in December
Housing starts further slowed in December, falling 1.4% compared with November, according to estimates from the U.S. Census Bureau and U.S. Department of Housing...
Annual Home Price Growth Declined in Past Year, Down 9.2 Percent in Q4
Single-family home prices increased at a non-seasonally adjusted annual rate of 9.2% in Q4 2022, compared to Q4 2021, down from the previous quarter's...
Housing Market Experiences Longest Timespan to Sell Homes Since April 2020
Homes are selling at their slowest pace since the housing market nearly ground to a halt at the beginning of the pandemic, according to...
Home Purchase Sentiment Still ‘Very Low by Historical Standards’
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 3.7 points in December to 61.0, but the index remains only slightly above its all-time...
Unemployment Rate Edged Down in December, Wages Continued to Increase
The U.S. economy added 223,000 jobs in December, above expectations, while the unemployment rate edged down to 3.5%, according to the U.S. Bureau of...
MBA Predicts 5 Percent Drop in Commercial Mortgage Activity in 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $700 billion this year, which is a 5% decline from an...