U.S. Housing Market
New Forecast Predicts 14% Spike in Existing Home Sales During 2026
“As we go into next year, the mortgage rate will be a little bit better,” said Chief Economist Lawrence Yun. Continue Reading New Forecast Predicts 14% Spike in Existing Home Sales During 2026
Hits and Misses for the Real Estate Week of Nov. 10-14
Trump’s 50-year mortgage plan, the continued upswing in foreclosure activity, and a military base’s unlikely neighbor. Continue Reading Hits and Misses for the Real Estate Week of Nov. 10-14
Mortgage Application Payments Increased in May
The national median mortgage payment for conventional loan applicants was $2,235, up from $2,206 in April and up from $2,226 in May 2024. Continue Reading Mortgage Application Payments Increased in May
Report: Affordable Homeownership Remains Mostly Elusive
California had 16 of the 25 counties where affordable homeownership requires the highest annual income. Continue Reading Report: Affordable Homeownership Remains Mostly Elusive
Pending Home Sales Up in May
“Consistent job gains and rising wages are modestly helping the housing market,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Up in May
Good news for homebuyers: The housing market is showing signs of ‘normalizing’
Source: Market Watch --- The housing market is showing signs of ‘normalizing,’ according to a new report. The latest monthly report by Realtor.com, which tracks the housing market as of December, said that the number of home listings were growing and were also...
When Will Housing Prices Drop?
Source: US News --- For just about any homeowner, talk of falling housing prices can spark panic. With homeownership being the major financial and personal investment it is, there's a natural anxiety that comes with any potential threat to that investment....
The U.S. Housing Market, Part 2: Looking Ahead To 2023
Source: Seeking Alpha --- Summary The main determinants of housing demand in the short run are the level and direction of mortgage rates and the strength of the job market. Homebuilders have responded to the drop in new home sales by reducing housing starts, and this...
Real Estate Trends: Increasing Interest Rates Continue To Drive Down Mortgage Demand
Source: Forbes --- Key takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe they will continue to climb overall, with some areas seeing price...
US housing market funk has lumber traders expecting rally to fizzle
Source: The Business Times --- THE chill in North America’s housing market has lumber traders saying the commodity’s recent rally may not have much more room to run. Benchmark futures in Chicago rose as much as 6.1 per cent to US$418.80 per 1,000 board feet on...
The uneasy US housing stalemate
Source: Financial Times --- Spare a thought for the American first-time homebuyer, for whom things have rarely looked so grim. US home prices rose 40 per cent during the pandemic. Mortgage rates haven’t been this high in 15 years. Wages are higher, but not nearly...
High and dry in Manhattan: buyers and sellers in housing market stand-off
Source: Financial Times --- Charlotte, who is in her late sixties and impatient to move to Florida, has cut the price of her two-bedroom Upper East Side apartment by a fifth, to $2mn. After three months without a suitable offer, Amy Schwab Owens gave up trying to sell...
First American cites 2023 housing market optimism
Source: The Title Report --- First American Financial Corp. released its Potential Home Sales Model for November 2022, measuring what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. Data pointed to...
US housing price slowdown continues as mortgage financing poses headwind
Source: S&P Global --- U.S. home prices rose 9.2% year over year in October 2022, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Despite the annual rise in home prices during the month, the price hike was still weaker compared...
What’s Ahead for the U.S. Housing Market?
Source: Knowledge at Wharton --- The U.S. housing market last year bore the brunt of higher mortgage rates that rode spiraling inflation in the broader economy, but that will change this year, according to Susan Wachter, Wharton professor of real estate and finance....
