According to new research from LendingTree, home prices have risen significantly over the past two years, and paying $1 million or more for a house seems excessive as well as unattainable to most Americans. However, just because million-dollar homes aren’t ...
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 »Pending Home Sales Rise Slightly From April
Pending home sales inched higher in May, ending a six-month streak of declines, according to the National Association of Realtors. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year ...
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 »Budgets Stagnate When It Comes to the American Dream
Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years. This information comes to us from a new analysis by Redfin which found that ...
Read More »Calmer Market Means More Options for Those Seeking Homes
As rising inflation and mortgage rates bring U.S. housing demand back from the chaos of 2021, Realtor.com's updated 2022 forecast predicts inventory will grow double-digits over 2021, offering buyers a better-than-expected chance to find a home. New data finds that ...
Read More »Fannie Mae: Economic Factors Putting Pressure on Housing Market
The Fannie Mae Home Purchase Sentiment Index (HPSI) remained comparatively flat in May —decreasing by only 0.3 points— but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020. Surveyed consumers continue to express concerns about housing affordability, with ...
Read More »Migration, Remote Work Driving Suburban Sales, But Increasing Fire Risk?
Remote work has allowed more to migrate to the suburbs and rural locations, areas where homes with high fire risk are selling for an average of $120,000 more than in lower-risk areas.
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 »Single-Family Housing Market Shows Signs of Slowing
Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year.
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