U.S. Housing Market
Hits and Misses for the Real Estate Week of Jan. 5-9
A pair of unexpected housing policy proposals, an unfair accusation against a hotel chain, and an unlikely new theme park. Continue Reading Hits and Misses for the Real Estate Week of Jan. 5-9
Housing Starts Up in October
Single-family housing completions in October were at a rate of 1 million, a 6% increase from the revised September rate of 952,000. Continue Reading Housing Starts Up in October
Survey: More Than Half of Canadians Who Own US Homes Plan to Sell Within Next Year
Nearly two-thirds (62%) of those potential Canadian sellers blamed Trump administration trade policies with Canada as the reason for their departure. Continue Reading Survey: More Than Half of Canadians Who Own US Homes Plan to Sell Within Next Year
Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers
By the end of July, the total number of home sellers was 1.95 million, down from a peak of 1.96 million in May. Continue Reading Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers
Century Communities Begins Home Sales at New Arizona Development
The site is also located near golf courses, Lake Havasu and the Colorado River. Continue Reading Century Communities Begins Home Sales at New Arizona Development
More Declines Ahead for U.S. Housing Market After Dead Cat Bounce?
Source: Investing.com --- The U.S. housing market is currently the least affordable in at least 25 years. Affordability is, generically, the ratio of monthly income vs. the median price of a home. Essentially the degree to which a potential home buyer can afford the...
Housing Rents Drop to Lowest Level in Over a Year
The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly...
The US housing market is short 6.5 million homes
Source: KRDO --- The United States is not building enough homes to account for the number of people setting up their own households. As a result, there is a sizable shortage of new homes after more than a decade of under-building relative to population growth,...
Why There Are No Houses to Buy in Many U.S. Metro Areas
Source: Time --- Mortgage rates are rising, and the housing market appears to be softening nationwide. But in many U.S. markets, would-be buyers are facing a big problem: there’s just nothing to buy. Housing inventory—the number of homes on the market—has been falling...
Confidence in the US housing market is approaching an all-time low
Source: New York Post --- Consumer confidence in the US housing market approached an all-time low in February as buyers and sellers contend with a fresh spike in mortgage rates and mounting anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment Index...
US Housing Supply Continues to Lag Household Formations; Multifamily Construction Offers Alternatives
Source: Realtor.com --- Highlights: US housing markets continue to struggle with a sizable shortage of new homes, a result of more than a decade of under-building relative to population growth. In 2022, the U.S. saw 2.06 million household formations, resulting in 15.6...
Austin Housing Market Forecast
Source: US News --- Given the enormous popularity of the greater Austin, Texas, area for online searches, newcomers and employment growth, it may act as a reasonable bellwether for the state of the U.S. housing market. This will certainly be tested in the spring and...
US housing prices decline for 6th straight month
Source: S&P Global Market Intelligence --- Home prices edged slightly lower in the U.S. in December 2022, marking the sixth consecutive month of falling housing prices as the challenging macroeconomic environment reduced buyer appetite. The S&P CoreLogic...
Sellers Retreat from the Market, Increasing Inventory Shortage and Buoying Home Prices; Affordability Takes Step Back on Rising Interest Rates
Black Knight, Inc.'s Data & Analytics division released its latest Mortgage Monitor Report, based on the company's mortgage, real estate, and public records datasets. With both supply and demand in the housing market being impacted by a volatile interest rate...
Homebuyers’ Monthly Payments Hit All-Time High as Mortgage Rates Rise, according to Redfin Report
The typical homebuyer’s monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 a year ago, according to a new report from Redfin, the technology-based real estate brokerage. That’s dampening demand and preventing many would-be sellers from...
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