While Americans continue to struggle with housing affordability, a new report from the National Association of Realtors showed existing-home sales fell 2.2% in July, with available inventory and 7% mortgage rates continuing to drive overall sales activity.
Read More »Home Price Gains Occurred in 60% of Top Markets
According to a new NAR report, home prices increased by single-digits in 128 of the 221 metropolitan areas tracked. Here’s why NAR Chief Economist Lawrence Yun says that "affordability challenges are easing.”
Read More »Is a ‘Double-Dip’ Housing Recession Approaching?
Odeta Kushi, First American’s Deputy Chief Economist, has authored a new blog post discussing the definition of a housing recession and looking at the momentum of sales to determine if we are in fact flirting with a “double-dip” housing recession.
Read More »Existing-Home Sales Slip in June
Existing-home sales fell in June, as all four regions recorded year-over-year sales declines, according to NAR, with the South and West posting the largest decreases.
Read More »Tightening Credit Conditions Could Spur Recession
Fannie Mae is still predicting recession conditions to occur this year due to a slow down in the economy, and a tightening of credit standards.
Read More »‘Glass Half-Full, Half-Empty’: Examining April Existing-Home Sales
Existing-home sales dropped 3.4% to a seasonally adjusted annual rate of 4.28 million units at a median price of $388,800.
Read More »Despite Market Conditions, Potential Existing Home Sales Increased 0.45% MoM
Based on April’s data, potential existing-home sales increased to a 5.34 million seasonally adjusted annual rate, a 0.45% month-over-month increase. This represents a 53.3% increase from the market potential low point over 30 years ago in February 1993.
Read More »Pending Home Sales Decrease for First Time in Five Months
The National Association of Realtors reported that pending home sales fell 5.2%. Click through for more.
Read More »Existing-Home Sales Retreated in March
According to a new report from the National Association of Realtors, home sales declined an overall 22% from a year ago, while the inventory of unsold existing homes rose 1% from February.
Read More »Credit Conditions Tightened Slightly in March
According to a new report from First American, the Potential Home Sales Model for March revealed it is unlikely that the recent banking crisis will materially impact residential mortgage availability.
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