NAR reported a steadying of pending home sales in the month of November, as contract signings grew in the Northeast, Midwest, and West, but slid in the South.
Read More »Federal Reserve Holds Rates Steady Moving Into the New Year
For the third meeting in a row, the Federal Open Market Committee chose to hold rates steady based on current market conditions and future predictions. Click through to find out the current interest rate and read a brief history of rate hikes since the pandemic began, as well as commentary from relevant economists and sources.
Read More »Forecast: Finding the Top Housing Markets for 2024
Affordability may make a resurgence in 2024, and markets such as Toledo, Ohio; Oxnard, California; and Rochester, New York are being singled out as potential hot markets. Here are the other markets that are primed to perform next year.
Read More »Persistent Lack of Inventory Limiting Market Potential
One of the key datapoints of the newest housing snapshot from the National Association of Realtors is that existing home sales in October fell to a seasonally adjusted annual rate of 3.7 million units. Click through for more from this report.
Read More »Fed Holds Nominal Interest Rates Steady
The Federal Reserve’s Open Market Committee (FOMC) chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their October/November meeting, a repeat of the action the committee last took in September.
Read More »Rents Fall for Fifth-Straight Month
Although completed multifamily units drove down rent prices for the fifth month in a row, short vacancy times reveal just how high demand is for these units. Here’s what the landscape looks like according to a new report.
Read More »Inventory, Median Existing-Home Sales Prices Up
Inventory increased by a modest amount, pushing it past three months’ of supply, while the median existing home sales price grew for the third month in a row. Find all the details in this breakdown of new NAR data.
Read More »Inventory Crunch Improves, Yet Still Remains Major Housing Hurdle
While home prices rose annually, a surprising uptick in price-reduced homes from August to September reflects last year's trend and offers some relief amid ongoing affordability concerns.
Read More »Annual Home Price Appreciation on Pace to Accelerate
Home prices continued to rally nationwide in July, as the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a slight 1% annual change in July, up from no change the previous month.
Read More »Pending Home Sales Get Monthly Bump, But Still Down YoY
A new report from the National Association of Realtors revealed contract signings rose in July, as pending home sales also increased for the second month in a row, according to NAR's latest Pending Home Sales Index.
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