U.S. Housing Market
Builder Confidence Rises Despite Market Challenges
“The HMI gain in October is a positive signal for 2026 as our forecast is for single-family housing starts to gain ground next year,” said NAHB Chief Economist Robert Dietz. Continue Reading Builder Confidence Rises Despite Market Challenges
Q3 Home Sales Profits Near 50% Margin
The median national sales price in the third quarter was $370,000. Continue Reading Q3 Home Sales Profits Near 50% Margin
Grassroots Movement Seeks to Abolish Ohio’s Property Taxes
Gov. Mike DeWine opposes this initiative. Continue Reading Grassroots Movement Seeks to Abolish Ohio’s Property Taxes
Mortgage Application Activity and Delinquencies Are Rising
The refinance share of mortgage activity decreased to 36.4% of total applications from 37.1% the previous week. Continue Reading Mortgage Application Activity and Delinquencies Are Rising
Modular Housing Provider Boxabl Expands Into Colorado
The Las Vegas-headquartered Boxabl will begin the process to obtain modular certification in Colorado. Continue Reading Modular Housing Provider Boxabl Expands Into Colorado
What’s Causing Ongoing Home Price Appreciation?
Source: Keeping Current Matters --- If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is...
Housing Demand Flattens as 1st-Time Buyers Retreat
Source: Eye on Housing --- The share of adults planning a home purchase within a year stood at 13% in the second quarter of 2022, unchanged from the previous quarter, but lower than a year earlier (17%). The leveled reading suggests that, after shrinking for the past...
Mortgage and real estate news this week: A home as an inflation hedge, and how to get the best rate
Source: Bankrate --- Now is a challenging time to buy a home due to rampant inflation, but you may still consider making a home purchase, which could help soften the toll of inflation on your financial life in the years ahead. Meanwhile, learn more about the pros and...
Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market
Source: Fortune --- Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we've seen it replaced by a "housing recession." Across the nation, home sales are plummeting and inventory...
Don’t look now, but the housing market is slowing down. What it means for you
Source: Miami Herald --- The tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates. Multiple sources indicate that more and more people are canceling their home purchases because rates have moved beyond their reach — a situation...
Real Estate newsletter: Home prices are falling
Source: LA Times --- Welcome back to the Real Estate newsletter. A few newsletters ago, I posed an innocent question: Are home prices finally falling? I wasn’t expecting an answer so soon, but thanks to a fresh batch of data, I can confirm that, yes, Southern...
Housing market enters recession territory. Here’s what that means
Source: Deseret News --- If you’ve been paying attention to the U.S. housing market, you’ve likely seen words like “correction” and “recession” crop up more and more. Earlier this week, National Association of Home Builders CEO Jerry Howard warned on Fox Business’...
Colorado, Utah, Idaho metros had the biggest share of sellers dropping home prices in June
Source: Fox Business --- A significant number of sellers around the U.S. are cutting prices as high mortgage rates and fears of a potential recession keep many prospective buyers at bay. A recent report by Redfin indicated over 25% of home sellers in three-quarters of...
THE GOOD & BAD NEWS OF TODAY’S REAL ESTATE MARKET
Source: Front Porch News --- Unlike this Texas heat, things definitely cooled down in the real estate market! There’s been a big shift as interest rates continue to rise. It blows the mind to see it happen so quickly. More homes showed up on the market, as usual in...
Biggest Drop of The Week; Lowest Rates Since Early June
Source: Mortgage News Daily --- The market came into the week with a big focus on the scheduled policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets...
