Sunday, December 22, 2024

Housing Markets

Pending Home Sales Tumbled 7.7 Percent in April, Dragged Down by Rising Mortgage Rates

Due to rising mortgage rates, pending home sales decreased 7.7% in April compared with March and were down 7.4% compared with April 2023, according...

FHFA: Home Prices Continued to Rise at a Steady Pace in Q1

U.S. home prices increased 1.1% in the first quarter compared with the fourth quarter and were up 6.6% from the first quarter of 2023,...

Home Prices Hit Ninth All-Time High in the Past Year

Despite higher mortgage rates, U.S. home prices continued to rise in March, increasing 0.3% on a seasonally adjusted basis compared with February and up...
new construction home

NAHB: It Takes 38 Percent of the National Median Income to Afford a Median-Priced...

It currently takes about 38% of a typical family’s income to make a mortgage payment on a median-priced new single-family home in the U.S.,...

New Home Sales Fell 4.7 Percent in April Due to Higher Mortgage Rates

New home sales in April were at a seasonally adjusted annual rate of 634,000, a decrease of 4.7% compared with March and down 7.7%...

NAR: Existing-Home Sales Fell in April But Inventory Increased 9 Percent

Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April. According to the National Association of Realtors (NAR), existing-home sales...

Zillow Home Loans Rolling Out New Tool to Help Borrowers Assess Affordability

Zillow Home Loans is introducing a new tool that helps borrowers assess how much home they can afford. The new tool, BuyAbility, gives buyers a...

Redfin: New Home Sales Continue to Represent One-Third of All Home Sales 

One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, according to a Redfin report. Although that is...

New and Active Listings Increased in April as Home Prices Continued to Rise

The median U.S. home sale price increased 6.2% year over year in April to $433,558 — the highest level on record, according to Redfin. Today’s...

Housing Starts Increased in March, Driven by 31 Percent Surge in Multifamily Production

Housing starts were at a seasonally adjusted annual rate of 1.36 million in April, an increase of 5.7% compared with March but down 0.6%...

ATTOM: Share of Properties That Are ‘Equity Rich’ Decreased in Q1

The share of residential properties that are considered “equity rich” decreased to 45.8% in the first quarter, down from 46.1% in the fourth quarter...

CoreLogic: Home Prices Increased 1.2 Percent in March

Home prices increased 1.2% in March compared with February and were up 5.3% compared with March 2023, according to CoreLogic’s home price index report. “Home...

NAR: Home Prices ‘Astonishingly’ Increased 3.4 Percent in Q1 Despite Higher Mortgage Rates

Despite higher mortgage rates, more than 90% of U.S. metros posted home price gains in the first quarter, according to the National Association of...

Fannie Mae: 79 Percent of Consumers Say Now is a Bad Time to Buy...

Roughly 79% of U.S. consumers say now is a bad time to buy a home, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI)...

Redfin: Declining Home Affordability is Hitting America’s Low-Income Buyers Hardest

The progress that was made in providing mortgages to a higher percentage of low-income homebuyers during the pandemic years has been reversed in the...

Dovish Jobs Report Indicates Slowing Labor Market

The U.S. economy added 175,000 jobs in April - lower than expectations - while the unemployment rate increased to 3.9%, according to the U.S....

FHFA: U.S. Home Prices Increased 1.2 Percent in February

U.S. home prices increased 1.2% in February compared with January and were up 7% compared with February 2023, according to the Federal Housing Finance...

ATTOM: Profit Margins on Home Sales Decreased in Q1

Profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3% in the first quarter – the lowest level observed...

U.S. Home Prices Continued to Rise in February, Near All-Time Highs

U.S. home prices continued their upward march in February, rising 0.4% compared with January and up 6.4% compared with February 2023, according to the...

Redfin: Flood of Inventory in Parts of Florida, Texas, Resulting in Price Cuts

A recent flood of homes for sale in certain communities in Florida and Texas has resulted in something considered unusual during the past four...