Housing Starts Slowed in May as Higher Mortgage Rates Continued to Dampen Demand
Housing starts were at a seasonally adjusted annual rate of 1.277 million in May, a decrease of 5.5% compared with April and down 19.3%...
NAR: Existing-Home Sales Dipped in May Despite Increasing Inventory
Existing-home sales decreased 0.7% in May compared with April to a seasonally adjusted annual rate of 4.11 million, according to the National Association of...
U.S. Home Prices Increased 0.5 Percent in May
The “Five D’s” - diapers, diplomas, divorce, downsizing and death - continue to drive a large share of U.S. home sales, as a majority...
Higher Mortgage Rates Continue to Put a Damper on Home Builder Sentiment
Builder confidence in the housing market dropped in June to a score of 43 on the National Association of Home Builders (NAHB)/Wells Fargo Housing...
Zillow: Inventory Gap Grew to 4.5 Million Homes in 2022
The U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021, according to a report from Zillow.
The report...
Patelco Credit Union, FHLBank San Francisco Partner on DPA Program for First-Time Homebuyers
To help more greater Bay Area residents achieve the dream of homeownership, Patelco Credit Union is partnering with FHLBank San Francisco on a first-time...
Redfin: Home Price Growth Slowed in May
U.S. home prices increased 0.3% month-over-month in May - the smallest increase on a seasonally adjusted basis since January 2023, according to Redfin.
Year-over-year, prices...
California, New Jersey and Illinois Have the Most At-Risk Housing Markets in the Country
Recent housing reports suggest that inventory is increasing and, as a result, home prices are starting to drop in certain areas, resulting in improved...
As Inventory Increases, Many Buyers Still Waiting on the Sidelines
Even though inventory has been increasing, many home buyers are still sitting on the sidelines, with some likely waiting for mortgage rates to decrease...
Mortgage Application Volume Jumped 15.6 Percent Last Week as Rates Edged Down Slightly
Mortgage application volume took one of the largest jumps in over a year last week, increasing an impressive 15.6% on an adjusted basis compared...
Poll: A Majority of Americans Say Government Officials Are Failing to Address Affordability
A majority of Americans agree the U.S. is in a housing affordability crisis and that government officials at all levels aren’t doing enough to...
Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000
Roughly 1.28 million mortgages secured by residential property (1 to 4 units) were issued during the first quarter, a 6.8% decrease compared with the...
Home Prices Falling in Certain Markets as Some Listings Linger Longer
Home prices are dropping for the first time in years in certain U.S. metros, including Austin (down 2.9% year over year), San Antonio (down...
Strong Jobs Report Keeps Inflation Concerns High
The U.S. economy added 272,000 jobs in May - above expectations - but the total number of unemployed increased to 6.6 million, raising the...
Homeowners With Mortgages Continue to See Strong Equity Gains
Due to rising home prices, U.S. homeowners with a mortgage gained an average of $28,000 in equity during the past year, according to CoreLogic.
That’s...
NAHB: Builders Currently More Focused on Single-Family Production Over Multifamily
In response to strong demand and lack of inventory, homebuilders are currently focusing on single-family production over multifamily production, according to a recent report...
ICE: U.S. Home Price Growth Cooled in April
U.S. annual home price growth cooled in April, falling to 5.1% - down from a revised 5.7% in March and down from 6.1% in...
U.S. Home Prices Increased 1.1 Percent in April
U.S. home prices continued to increase in April, rising 1.1% compared with March and up 5.3% compared with April 2023, according to CoreLogic.
All states...
For Gen Z, Housing Affordability Is the Key Election Issue
According to a new survey and report from Redfin, 91% of adult Gen Zers say housing affordability is important when considering who they will...
MBA: Homebuyer Affordability Continued to Decline in April
Homebuyer affordability continued to erode in April, as the national median mortgage payment applied for by purchase applicants increased to $2,256, up from $2,201...