Veros: Home Price Appreciation Rates Set to Stall
Veros Real Estate Solutions says its VeroFORECAST data for the first quarter projects an average 1.9% appreciation rate for residential real estate in the...
Unemployment Rate Jumped to 4.4% in March and April Will be Worse
More than 700,000 non-farm jobs were lost in March due to the coronavirus pandemic, causing the unemployment rate to jump to 4.4%, according to...
Will Coronavirus Decimate the Spring Home Buying Season?
Will the economic crisis caused by the coronavirus pandemic destroy the spring home buying season in the U.S.?
No doubt, it will have a major...
Case-Shiller: Home Prices Continued to Climb in January
U.S. home prices increased 0.5% on a seasonally adjusted basis in January compared with December and were up 3.9% compared with January 2019, according...
Pending Home Sales Increased in February
Pending home sales increased 2.4% in February compared with January and were up 9.4% compared with February 2019, according to the National Association of...
Zillow: The Big Question is How to Limit Foreclosures
Low mortgage rates haven’t been enough to counter the devastating effect of the coronavirus pandemic on the U.S. housing market.
”The U.S. housing market has...
FHFA Says Home Prices Ticked Upward in January
According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), U.S. house prices rose 0.3% in January month over month and 5.2%...
Existing-Home Sales Jumped in February
Here’s some uplifting pre-COVID-19 housing data: Existing-home sales were at an annual rate of 5.77 million in February, an increase of 6.5% compared with...
Report Finds Average Home Price Rose Year over Year
Zillow’s Real Estate Market Report for February says the typical home value in the U.S. is now $247,084, representing a 3.9% increase from a...
Housing Starts Dipped in February, Impact From Coronavirus Remains to Be Seen
Housing starts dipped month-over-month in February but remained well above year-ago levels, according to estimates from the U.S. Census Bureau and U.S. Department of...
First-Time Homebuyers Helped Drive 6% Increase in Homes Sales in Q4
Single-family home sales increased 6% in the fourth quarter of 2019 compared with a year earlier, according to according to Genworth Mortgage Insurance’s First-Time...
Fannie Mae Scales Back Forecasts Amidst COVID-19 Chaos
According to new commentary from Fannie Mae’s Economic and Strategic Research Group, the COVID-19 (coronavirus) outbreak and sharp decline in oil prices are likely...
Despite Headwinds, Housing Will Help Overall Economic Growth
Data from the latest Health of Housing Markets Report (HoHM Report) from Nationwide finds the U.S. housing sector is expected to continue to be...
The Buy vs. Rent Equation is Tipping Toward Homeownership
According to the most recent national index produced by Florida Atlantic University and Florida International University faculty, homeownership is becoming a more attractive option...
U.S. Economy Added 273K Jobs in February, But Will Coronavirus Slow Growth?
The U.S. economy added 273,000 jobs in February, beating analyst expectations and keeping the unemployment rate pinned at 3.5%.
Notable job gains occurred in health...
Consumer Confidence in Housing Market Held Strong in February
Consumer confidence in the housing market remained near its all-time high in February but is expected to drop in March due to volatility in...
Home Flipping Increased 2% in 2019, But Average Profit Per Flip Continued to Drop
About 246,000 single-family homes were flipped in 2019, an increase of 2% compared with 2018 to the reach the highest point since 2006, according...
Connecticut the Only State to See Negative Annual Home Price Growth in January
U.S. home prices increased 0.1% in January compared with December and were up 4.0% compared with January 2019, according to the CoreLogic Home Price...
Oregon Has Worst Housing Supply Shortage
Which U.S. states have the worst housing inventory problem?
According to a report from Freddie Mac, Oregon has the fewest available homes for sale among...
NAR: Pending Home Sales Rebounded in January
After dropping 4.9% in December, pending home sales rebounded in January, rising 5.2% to a score of 108.8 on the National Association of Realtors’...