New Home Sales Fell in August as Buyers Wait on the Sidelines
After increasing more than 10% in July, new home sales went back on the decline in August, falling 4.7% to an annual adjusted rate...
Home Price Appreciation Slowed for an Eighth Consecutive Month in August
U.S. home prices increased a mere 0.1% in August compared with July and were up 4.5% compared with August 2023, according to First American’s...
Existing-Home Sales Fell Again in August, Despite Declining Mortgage Rates
Despite a decrease in mortgage rates, existing-home sales fell 2.5% in August compared with July to a seasonally adjusted annual rate of 3.86 million,...
Home Flipping Volume Decreased in Q2 But Profit Margins Continued to Increase
About 79,000 homes were flipped during the second quarter, representing about 7.5% of all home sales, according to ATTOM’s U.S. Home Flipping Report.
That’s down...
Existing-Home Sales Will Not See Meaningful Growth for the Remainder of 2024
Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick...
Fed Cuts Rates for First Time Since the Start of the Pandemic
Citing that inflation has made further progress toward its 2% goal, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds...
Housing Starts Jumped in August as Builders Reacted to Lower Rates and Rising Demand
Housing starts in August were at a seasonally adjusted annual rate of 1.356 million, an increase of 9.6% compared with July and an increase...
Home Builder Sentiment Buoyed by Dip in Rates
Home builder sentiment increased for the first time in four months in September, buoyed by a dip mortgage rates, as per the National Association...
U.S. Homeowners Continued to See Strong Equity Gains in Q2 But Not in Every...
U.S. homeowners with mortgages - which account for roughly 62% of all properties - saw home equity increase by 8% year over year in...
August Jobs Report Shows a Cooling Labor Market, Supporting a Fed Rate Cut
The U.S. economy added 142,000 jobs in August - weaker growth than in previous months - while the unemployment rate remained flat at 4.2%,...
Pending Home Sales Fell to Lowest Level on Record in July
Pending home sales decreased 5.5% in July compared with June and were down 8.5% compared with July 2023, as mortgage rates and home prices...
Case-Shiller: Home Prices Eked Out a 0.2 Percent Increase in June
U.S. home prices continued their upward march in June, rising 0.2% on an adjusted basis compared with July, however the rate of appreciation is...
Home Affordability Improved Slightly in July
Home affordability got a bit better in July - but not enough to improve homebuyer sentiment, according to the latest Real House Price Index...
New Home Sales Increased 10.6 Percent in July
New home sales in July were at a seasonally adjusted annual rate of 739,000, an increase of 10.6% compared with June and up 5.6%...
Existing-Home Sales Increased in July but Remain ‘Sluggish’
After decreasing for four consecutive months, existing-home sales finally turned the corner and grew 1.3% in July compared with June to a seasonally adjusted...
U.S. Home Prices Increased 0.3 Percent in July But Have Turned Negative in Certain...
Home prices increased 0.3% nationally in July compared with June and were up 5.3% compared with July 2023, according to First American’s home price...
Home Prices Post Tiny Month-Over-Month Increase
According to a new report from Redfin, U.S. home prices ticked up 0.2% for the second consecutive month in July - the smallest month-over-month...
Pending Home Sales Fall to Lowest Level Since April 2020
Sales of existing homes rose 0.6% month over month in July but fell 2% year over year to a seasonally adjusted annual rate of...
Might More Buyers Soon Be ‘Restarting Their Hunt’ for a Home?
Competition for homes and price appreciation tapered off faster than normal in July as high housing costs continued to stymie shoppers, according to the...
Applications for New Home Purchases Jump 9 Percent in July After Sinking in June
Applications for mortgages for new home purchases increased 9% in July compared the June and were up 9.4% compared with July 2023, according to...