Housing Starts Slipped in July as Higher Mortgage Rates Continued to Sap Demand
Housing starts slumped 6.8% in July compared with June and were down 16.0% compared with July 2023, according to the U.S. Census Bureau and...
Home Builders Saw Credit Tighten in Q2
Home builders experienced tightening credit in the second quarter, according to the National Association of Home Builders (NAHB).
About 85% of respondents to a survey...
Home Sales Prices Increased in Fewer Markets in Q2
Single-family existing-home sales prices increased in 89% of U.S. metro areas in the second quarter, down from 93% in the first quarter, according to...
Total Value of U.S. Housing Stock Has Reached Record $49.6 Trillion
The total value of U.S homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a report...
Data Show Share of Mortgages to Black, Hispanic and Asian Borrowers Increased in 2023
Mortgage lenders - including banks, savings associations, credit unions, and mortgage companies - made progress in terms of boosting the share of loans to...
Zillow Group Names Jeremy Wacksman New CEO
Jeremy Wacksman is the new CEO of Zillow Group.
Wacksman had been serving as chief operating officer.
He has also been appointed to the company's board...
Consumers’ View of the Housing Market Remained Grim in July
Consumer confidence in the housing market decreased slightly in July compared with June but was up 4.7 points compared with July 2023, as per...
Nearly One in Five House Hunters Willing to Trade Safety for Affordability
Nearly one in five house hunters (17.3%) are willing to sacrifice their physical safety to find a home they can afford within the next...
Homeownership Rate Dipped in Q2 as First-Time Homebuyers Sat on Sidelines
The U.S. homeownership rate was 65.6% in the second quarter, flat compared with the first quarter and down slightly compared with the second quarter...
Home Price Appreciation Slowed Significantly in June
U.S. home prices continued to rise in June but at a much slower pace compared with the first half of this year, according to...
Move Concierge Hires Billy Jack Snelson as CMO
Billy Jack Snelson has joined Move Concierge as chief marketing officer.
Snelson, who worked previously as vice president of marketing at Keller Williams, is tasked...
Number of Renter Households in the U.S. Grew in the Second Quarter
The number of renter households in America grew 1.9% year over year in the second quarter to a record 45.2 million, according to a...
U.S. Economy Added 114K Jobs in July as Labor Market is Clearly Cooling
About 114,000 jobs were added to the U.S. economy in July, as the unemployment rate increased to 4.3% and the number of unemployed people...
PMI Continues to Help First-Time Homebuyers Qualify for Financing
Nearly 800,000 Americans used private mortgage insurance to purchase a home in 2023, and 64% of them were first-time buyers, according to a report...
Home Prices Were Flat in May Compared With April But Up 5.7 Percent Year...
U.S. home prices were flat in May compared with April but were up 5.7% compared with May 2023, according to the Federal Housing Finance...
Pending Home Sales Up 4.8 Percent in June But Still Down Year-Over-Year
Pending home sales increased 4.8% in June compared with May but were down 2.6% compared with June 2023, according to the National Association of...
Zillow: A Typical Starter Home is Now $1 Million in 237 U.S. Cities
The typical "starter home" is worth at least $1 million in 237 U.S. cities, according to a report from Zillow.
Five years ago, there were...
U.S. Home Prices Hit Highest Level in History in May
U.S. home prices continued to shatter records in May, rising 0.3% on a seasonally adjusted basis compared with April to reach the highest level...
Luxury Market Continued to Thrive in Q2 ‘Thanks to an Abundance of All-Cash Buyers’
The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier—the biggest increase in nearly...
First American: Home Affordability Improved Slightly in June
Home affordability improved from May to June but remained down 4% compared with June 2023, as per First American’s latest Real House Price Index.
“Nationally,...