U.S. Housing Market Updates
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Trump Says He Will Take Fannie Mae and Freddie Mac Public
Trump did not provide a timeline or details for this endeavor. Continue Reading Trump Says He Will Take Fannie Mae and Freddie Mac Public
Luxury Home Prices Rise While Pending Sales Activity Slows
In comparison, non-luxury home prices grew 4.1% to a record high median of $374,598. Continue Reading Luxury Home Prices Rise While Pending Sales Activity Slows
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: Vermont Needs to Create 7,000 Homes Per Year to Keep Up with Housing Demand
Due to its slow pace of homebuilding, Vermont’s housing stock is among the nation’s oldest. Continue Reading Report: Vermont Needs to Create 7,000 Homes Per Year to Keep Up with Housing Demand
New Home Sales Up in December
On a full-year measurement, an estimated 683,000 new homes were sold in 2024. Continue Reading New Home Sales Up in December
New York State Housing Inventory at Historic Low
Housing inventory fell 2.6% year-over-year in December to 23,198. Continue Reading New York State Housing Inventory at Historic Low
The Fed to reset the U.S. housing market through a ‘difficult correction’—5 things to know about the plan
Source: Fortune --- Fed Chair Jerome Powell told reporters back in June that spiking mortgage rates would see the Pandemic Housing Boom fizzle out. In the eyes of Powell, that would be a good thing. “I’d say if you are a homebuyer, somebody or a young person looking...
Ten US Housing Markets That are Cooling the Fastest
Source: Globe Street --- As the US housing market continues to cool, Seattle has the dubious distinction of slowing faster than any other city in the country, according to an analysis by Redfin that ranked the most populous US metropolitan areas according to the...
Housing Market Potential Increases for First Time in Nearly a Year, According to First American Potential Home Sales Model
Source: Business Wire --- SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today...
Mortgage customers fear unaffordable repayments due to rate hikes
Source: Mortgage Introducer --- With another interest rate hike expected this week, a third of mortgage customers in the UK said that rising rates have made repayments unaffordable for them. Commissioned by Butterfield Mortgages, an independent survey of 2,000 UK...
Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas
Source: Redfin --- SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, according to a new report from Redfin (www.redfin.com), the technology-powered real estate...
Home prices keep rising amid a seller’s housing market. So why has new homebuilding hit a crawl?
Source: USA Today --- By many accounts, we are still in a seller’s market. Home prices continue to rise in nearly all of the U.S. even as mortgage rates climb ever higher. Inventory levels – typically used by housing economists to gauge whether the market is favoring...
Is a housing market crash on the way in 2022?
Source: AZ Big Media --- Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real estate website Redfin....
What buyers and sellers need to know for a real estate recession
Source: Fox 5 Atlanta --- By now, you've probably heard that the economy is not in great shape. Inflation is at a 40-year high, interest rates have doubled since early this year, and real estate prices have literally gone through the roof. But what does this all mean...
“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts
Source: Storeys --- The “Bank of Mom and Dad” — older homeowners who dip into their own wealth to help their Millennial-aged kids rustle up a home downpayment — has long been a presence in Canada’s housing market. In fact, according to the Toronto Regional Real Estate...
Will Mortgages Get Less Expensive in 2023?
Source: The Motley Fool --- There's a reason so many potential home buyers have struggled to become property owners this year. Between limited inventory and soaring home prices, affordability issues and a lack of choices have forced many buyers to pause their...
