NAR: Existing-Home Sales Plummeted 7.2 Percent in February
After surging 6.7% month-over-month in January, existing-home sales dropped 7.2% to a seasonally adjusted annual rate of 6.02 million in February, according to the...
Bidding Wars Reached Record High in February, Redfin Reports
Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February, according to a new report...
Housing Starts Jumped in February But Permit Activity Slowed
Despite supply-side constraints and a lack of skilled labor, housing starts jumped an impressive 6.8% in February compared with January to reach a seasonally...
Last Two Years Transformed Market with Less Inventory, Higher Prices, Increased Demand
Two years into the pandemic, the U.S. housing market is virtually unrecognizable from its previous state, with nearly half the number of homes for...
FinLocker Partners With HomeScout to Help Homebuyers Overcome Search Challenges
FinLocker, which offers a financial fitness and homeownership app, is partnering with HomeScout, a lender-centric platform dedicated to growing conversions and retention rates for...
Expected Higher Interest Rates and Rising Costs Lower Builder Confidence in Market
Builder confidence in the housing market for newly built single-family homes moved two points lower to 79 in March from a downwardly revised reading...
NAR Reports $2.1 Trillion Increase in Housing Wealth for Middle-Income Households Since 2010
The National Association of Realtors’ (NAR) new “Housing Wealth Gains for the Rising Middle-Class Markets” study finds that between 2010 and 2020, nearly 980,000...
Fannie Mae Survey Shows Majority See Rate, Price Increases Over Next Year
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased by 3.5 points to 75.3 in February, but affordability constraints continue to drive consumers’ perception of...
Homeowners Staying in Homes Longer in Current Market, Redfin Finds
The typical American homeowner in 2021 had spent 13.2 years in their home, according to a new report from Redfin. That’s down slightly from...
New Home Sales Fell 4.5 Percent in January as Prices Continued to Rise
New home sales were at an adjusted annual rate of about 801,000 in January - a decrease of 4.5% compared with December and down...
Increase in Mortgage Rates, Income Balance Housing Market, First American Reports
First American Financial Corp. has released the December 2021 First American Real House Price Index (RHPI), showing that prices increased 1.9% between November 2021...
House Prices Increase 17.5 Percent from Q4 2020 to 2021
U.S. house prices rose 17.5% from the fourth quarter of 2020 to the fourth quarter of 2021, according to the Federal Housing Finance Agency...
Number of New York Homes on the Market Drops 30 Percent in One Year
The inventory of homes for sale dropped to historically low rates in the beginning of 2022 while home prices continue to rise across New...
Housing Inventory Hit Record Lows in January
Fewer homes than ever were for sale in January, but home buyers snapped up what they could before mortgage rates rose further, according to...
Housing Starts Decreased in December as Supply Chain Issues Persist
Housing starts in January were at a seasonally adjusted annual rate of 1.638 million - a decrease of 4.1% compared with December but up...
Even with Rising Interest Rates, California Housing Market Stayed Strong in January
California's housing market kicked off the new year with a bounce-back in sales from December's four-month low, as housing demand remained strong by pre-pandemic...
Q4 2021 Brought Double-Digit Home Price Appreciation for Majority of Metro Areas
The fourth quarter of 2021, much like the third quarter, saw home prices continue to increase, although at a slower pace. Fewer markets in...
Rising Mortgage Rates May Hamper Home Buyers, Redfin Reports
If mortgage interest rates were to rise to 3.9%, a home buyer with a $2,000 monthly housing budget could afford a $382,250 home, according...
‘Double Trouble’ for Many Americans: High Prices and Low Inventory
The surging residential real estate market of the last two years led to record-high home prices and record-low inventory. This simultaneous “double trouble” has...
Redfin Forecasts Slowing Price Growth and Flat Home Sales
Home-price growth, which has been in the double digits since summer 2020, is expected to slow to an annual rate of 7% by the...