First American: Housing Market Mustered a ‘Historic Rebound’ This Fall
Existing-home sales for October are anticipated to come in at a seasonally adjusted annualized rate of 5.98 million, up nearly 21% compared with April,...
Unemployment Rate Fell to 6.9 Percent in October
The U.S. economy added about 638,000 jobs in October and the unemployment rate dropped to 6.9%, according to the U.S. Bureau of Labor Statistics.
Notable...
Lack of Inventory Continues to Push U.S. Home Prices Upward
Driven by strong demand and lack of inventory, U.S. Home prices increased 1.1% in September compared with August and were up 6.7% compared with...
Pending Home Sales Dropped in September But Remain Up Compared to Last Year
After rising for four consecutive months, pending home sales decreased in September, falling 2.2% compared with August to reach a score of 130.0 on...
Zillow: Housing Market Cooling Off a Bit as Winter Approaches
According to Zillow's Weekly Market Report for the week ended Oct. 24, a nearly six-month acceleration of year-over-year list-price increases stabilized this week at...
Homeownership Rate Ticked Down in Q3
The U.S. homeownership rate in the third quarter dipped to 67.4%, down from 67.9% in the second quarter but up from 64.8% in the...
FHFA House Price Index Up 1.5 Percent in August
According to the latest Federal Housing Finance Agency House Price Index (FHFA HPI), house prices rose nationwide in August, up 1.5 percent from the...
New Home Sales Dipped in September But Remain Strong Overall
New home sales fell to an annual rate of 959,000 in September, a decrease of 3.5% compared with August but an increase of 32.1%...
Zillow: Frenetic Pace of Home Sales Beginning to Ease Up?
According to Zillow's Weekly Market Report for the week ending Oct. 17, home prices reached new heights while inventory levels were at record lows,...
Existing-Home Sales Jumped Nearly 10 Percent in September
Driven by all-time-low mortgage rates and an exodus from urban centers prompted by the pandemic, existing-home sales reached a seasonally-adjusted annual rate of 6.54...
Redfin: Real Estate Market Performance Will Be ‘Unexpected Legacy’ of 2020
According to a new report from Redfin, the national median home price rose 14.4% year over year to $333,900 in September, representing the biggest...
Redfin: U.S. Luxury Home Sales Have Soared During the Pandemic
U.S. luxury home sales increased 41.5% year-over-year in the third quarter, according to a new report from Redfin.
That’s the largest jump since at least...
COVID-19 Crisis Has Shifted How Millennials Shop For Homes
New data shows millennials are speeding up their home purchases and are willing to adjust the way they virtually search for and buy a...
Fannie Mae: ‘Home Price Expectations Were Up Strongly This Month’
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 3.5 points in September to 81.0, rising for the second consecutive month and continuing the...
Unemployment Falls, But There Are Worrisome Trends for Housing Market
The U.S. economy added 661,000 jobs in September and the unemployment rate fell to 7.9%, however, initial jobless claims remain elevated and the labor...
Pending Home Sales Increase Yet Again in August
Pending home sales increased for a fourth consecutive month in August, rising 8.8% to a score of 132.8 on the National Association of Realtors’...
Too Soon to Tell Whether Price-Gain Deceleration Was Fleeting
Newly released July 2020 data from the S&P CoreLogic Case-Shiller Indices show that home prices continued to increase at a modest rate across the...
New Home Sales Jumped Again in August But Supply is Dwindling
Sales of newly built single-family homes jumped 4.8% on an adjusted basis in July compared with August, reaching an annual rate of 1.011 million,...
FHFA: Two-Month Home-Price Increase Was Largest in Almost 30 Years
According to the latest Federal Housing Finance Agency House Price Index (FHFA HPI), house prices rose 1.0 percent from June to July, and 6.5...
CoreLogic: U.S. Homeowners Continued to Gain Equity in Q2, Despite COVID-19 Crisis
Due mainly to rising home prices - and in spite of the COVID-19 crisis - U.S. homeowners collectively gained more than $620 billion in...