U.S. Housing Market Updates
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Las Vegas Home Sales Decline Amid Wider Listings
The median price for existing single-family homes in this market was $480,000, unchanged from one year earlier. Continue Reading Las Vegas Home Sales Decline Amid Wider Listings
Mortgage Rates in Mild Decline
The 30-year fixed-rate mortgage averaged 6.85% as of June 5, down from last week when it averaged 6.89%. Continue Reading Mortgage Rates in Mild Decline
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Builder Confidence Declines Amid Tariff and Housing Cost Concerns
February’s reading is the lowest level for the HMI in five months. Continue Reading Builder Confidence Declines Amid Tariff and Housing Cost Concerns
Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales
Prior to the pandemic, the share of all-cash sales ranged from 25% to 30%. Continue Reading Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales
Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros
Pittsburgh and Detroit were the exceptions to the rule. Continue Reading Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros
Tips for Starting Over in a New City
A fresh start can be refreshing, especially after a low point in your life. It may feel like you're carrying the world's weight on your shoulders, but starting over in a new city can help you leave all that behind. 3 Tips for Starting Over in a New City Starting with...
December Mortgage Rates May Seek Calm After Turbulent Year
Source: NerdWallet --- December mortgage rates forecast Interest rates on fixed-rate mortgages could stabilize or even drift lower in December. Lower mortgage rates would be a welcome respite to conclude a tumultuous year in which rising rates strained people's...
Why Today’s Housing Inventory Proves The Market Isn’t Headed For A Crash
We all remember the housing crash of 2008 even if we didn’t own a home. It is something that stays embedded in our minds. As we take a look at the market over the last year, some of us have been at the edge of our seats wondering where it’s headed. Some say we’re...
Housing Prices Likely to Have Slow Fall in 2023
Source: Yahoo! Finance --- The U.S. housing market is clearly slowing down. The Census Bureau’s statistics show that building starts dropped around 11% between Jan 2021 and Oct 2022 and dropped 6% in the twelve months to October. New home sales are down over 30% from...
Zillow’s Predictions for the 2023 Housing Market
Source: GLOBEST.COM --- Zillow made a series of what it called “bold predictions” about housing markets for the coming year. Unlike the title, what the company suggested is a series of deductions, either from their own or more common data and also trends many in CRE...
Dave Stevens on understanding this housing market
Source: Housing Wire --- I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator...
Home Inventory Is Up And Prices Will Drop, But Buyers And Investors Have Left The Market
Source: Yahoo! --- If the U.S. residential housing market were a vehicle, it would be stuck in park right now. And while some opportunities may be coming that would allow investors to shift back into drive, the overriding consensus is to keep the car in the driveway...
Mortgage demand falls again even as rates sink further
Source: CNBC --- Lower mortgage rates are pulling some current homeowners back to the refinance market, but not enough to offset the drop in demand from homebuyers. Mortgage application volume fell 1.9% last week compared with the previous week, according to the...
4 in 10 consumers expect housing market will crash, survey finds
Source: WTOP News --- Economists and real estate industry leaders generally agree that the U.S. housing market has slowed and will continue to in 2023, but have tended to use words like “temper,” “modest” and “correction” when referring to declining sales and prices...
Here’s why US homes were pulled off market at a record pace last month
Source: New York Post --- US listings of home for sale got pulled a record clip in November because of a major freeze in the market that surprised sellers, according to a recent report by real estate firm Redfin. An average of 2% of US homes up for sale were delisted...
