Rapidly rising rates and inflation rates last seen 40 years ago pushed more away from the housing market in August, as S&P CoreLogic Case-Shiller reported continued declines in nationwide price gains.
Read More »Federal Reserve Continues Rate Hikes
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day meeting to a rate of 3.00-3.25%. This marks the highest ...
Read More »Report: Home Prices Will Continue to Decelerate
In the month of June, housing markets in the Western U.S. began to show signs of slowing, as S&P CoreLogic Case-Shiller data found a 1.9% overall month-over-month slide in the price of houses across the U.S.
Read More »Three of Four Regions Post Declining Home Sales Numbers
The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in July, the second month in a row and the eighth time it has fallen this year. In addition, three out of the four major regions in ...
Read More »A Housing Market ‘Grappling With a Mounting Affordability Crisis’
CoreLogic S&P Case-Shiller Index reports higher mortgage rates and recessionary concerns are taking a toll on buyer demand, as growth eased slightly in May from the pace of the prior two months.
Read More »Cost of Homes Adjusting to a New Market Equilibrium
Prospective buyers thwarted by record-high prices and inflationary issues may find relief in the coming weeks as Realtor.com notes softening demand and rising supply may give way to more buying opportunities.
Read More »Home Price Rise Begins to Slow in April
Although all 20 cities analyzed by S&P CoreLogic Case Shiller in its NSA Index notched double-digit price increases for the 12 months ending in April, home prices slid slightly compared to March’s totals.
Read More »Single-Family Home Inventory Up YoY in May
Despite housing inventory falling slightly to a 7.7 months’ supply month-over-month, the nation's supply was up 34.5% over last May, with 444,000 units available for sale.
Read More »More Homeowners Are Staying Put Longer
With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.
Read More »Spike in Costs Compressing Budgets for Would-Be Homeowners
Inflationary concerns continue to blanket prospective buyers as new residential sales declined month-over-month in April.
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