Improving Labor Market Conditions Helped Buoy Housing Sentiment
Consumer sentiment toward the housing market improved slightly in August, rising 1.5 points to score of 88.0 on Fannie Mae’s Home Purchase Sentiment Index...
CoreLogic: Home Prices Continued to Rise in July
U.S. home prices continued to rise in July, inching up 0.3% compared with June and jumping 6.2% compared with July 2017, according to CoreLogic’s...
Pending Home Sales Fell For Seventh Consecutive Month in July
Pending home sales decreased for a seventh consecutive month in July, falling 0.7% to a score of 106.2 on the National Association of Realtors’...
Despite Growing U.S. Economy, Home Sales Forecast to Slow This Fall
Lack of inventory will continue to drive up home prices this fall, exacerbating ongoing affordability constraints and suppressing home sales, according to Freddie Mac’s...
Home Prices Continued to Rise in June, Albeit More Slowly
U.S. home prices increased 0.3% on an adjusted basis in June compared with May and were up 6.2% compared with June 2017, according to...
New Home Sales Fell 1.7% in July
New home sales were at a seasonally adjusted annual rate of about 627,000 in July, a decrease of 1.7% compared with a revised 638,000...
Existing-Home Sales Fell Again in July
Existing-home sales in July were at a seasonally adjusted annual rate of about 5.34 million, down 0.7% compared with about 5.38 million in June...
Housing Starts Disappoint as Builders Grapple With Rising Costs
The critical factor is not whether permits are increasing on a month-over-month basis but rather if they are keeping up with demand, which is based, in part, on population growth.
Despite Weak Housing Market, Fannie Mae Upwardly Revises its Economic Forecast
Although the U.S. housing market is in a slump, due to lack of supply, rising home prices and tight affordability, Fannie Mae has nonetheless...
HUD Says Facebook’s Advertising Platform Enables Housing Discrimination
Facebook is under investigation for allegedly enabling housing discrimination.
According to a complaint filed by the U.S. Department of Housing and Urban Development (HUD), certain...
Zillow to Acquire Mortgage Lenders of America
Zillow is getting into the mortgage business.
On Monday, the online real estate giant announced that it is acquiring Mortgage Lenders of America, a national...
Soaring Prices, Lack of Supply, Hampered Existing-Home Sales in Q2
Rising home prices and lack of supply continued to push existing-home sales downward during the second quarter, according to the National Association of Realtors...
Fannie Mae: Rising Home Prices Chipping Away at Consumer Confidence
Rising home prices are chipping away at consumer confidence in the housing market, Fannie Mae’s Home Purchase Sentiment Index shows.
The index fell in July...
CoreLogic: U.S. Home Prices Up 0.7% in June as Affordability Concerns Increase
U.S. home prices increased 0.7% in June compared with May and were up 6.8% compared with June 2017, as Washington, Nevada, Idaho and Utah...
Black Knight: Home Price Appreciation Slowing in Most U.S. Markets
Home price appreciation slowed during the three months ended in May, Black Knight’s Mortgage Monitor report shows.
According to the report, two-thirds of both states...
Unemployment Hits 3.9%, Lowest in 18 Years
The U.S. economy added 157,000 non-farm jobs in July, pushing the unemployment rate down to 3.9%, the U.S. Bureau of Labor Statistics reports.
Economists had...
Report Shows Millennials’ Preference For New Homes
How much do millennials prefer new homes over existing homes?
According to data from mortgage software firm Ellie Mae, 91% of closed loans for millennials...
Rising Prices, Interest Rates, Starting to Affect Home Sales
As home prices continue to rise faster than wages and inflation, more Americans are finding themselves priced out of the market.
In addition, it now...
Pending Home Sales Increased Slightly in June, Still Down Year Over Year
After falling in May, pending home sales increased in June, rising 0.9% to a score 106.9 on the National Association of Realtors’ (NAR) Pending...
Home Prices Hit New Highs in Q2, But Appreciation is Slowing
U.S. home prices continued to rise in the second quarter but there are signs that appreciation is slowing is some areas of the country,...