U.S. Housing Market
The Best Housing Markets? Two New Data Reports Offer Different Opinions
Realtor.com and WalletHub offer rival data reports. Continue Reading The Best Housing Markets? Two New Data Reports Offer Different Opinions
Kentucky Home Sales Up During July
July’s median sales price of $279,900 marked a 1.81% decline from June, but it was also 5.6% higher than July 2024’s price. Continue Reading Kentucky Home Sales Up During July
Builder Confidence Records a Scant Uptick Amid Tariff Jitters
“The recent dip in mortgage rates may have pushed some buyers off the fence in March, helping builders with sales activity,” said NAHB Chairman Buddy Hughes. Continue Reading Builder Confidence Records a Scant Uptick Amid Tariff Jitters
Mortgage Application Volume Down 8.5%
The Refinance Index decreased 12% from the previous week. Continue Reading Mortgage Application Volume Down 8.5%
The Most Affordable City for Rental Housing Is…
Miami ranked last in the new study of more than 180 cities. Continue Reading The Most Affordable City for Rental Housing Is…
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...
Most Affordable Housing Market In America
Source: 24/7 Wall St --- The housing market’s days of increasing prices every month are over. A two-year period when home prices rose by 20% each month year over year has been undermined by high mortgage rates that have doubled to about 6%. Affordability, defined...
Colorado Springs housing market sees prices drop fast
Source: Fox 31 News --- Several U.S. cities where home prices skyrocketed due to an influx of new residents during the pandemic are now seeing prices drop quickly. Real estate experts at Redfin looked at year-over-year data back in February and then again in October...
California’s housing market is cooling off faster than any other US state, even though it’s still really costly to buy a home there
Source: Insider --- Housing affordability tanked in California this year. But the state's stratospherically-high home prices have also led to it witnessing some of the biggest drops in median sale prices since much of the US housing market peaked earlier this year....
