Annual single-family rent growth eased for the 14th consecutive month in June, according to a new report from CoreLogic, remaining near the pre-pandemic growth rate, while growth for attached homes is projected to continue to exceed their detached counterparts.
Read More »Inflated Mortgage Rates Fuel Decline in Existing-Home Sales Activity
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 »Census Bureau Finds Building Permits Increased in July
According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.
Read More »Flippers Accounted for 9% of Q1 Home Sales Nationwide
ATTOM has found that nearly 73,000 single-family homes and condominiums in the nation were flipped in Q1 2023, hitting the second-highest mark for home flippers this century.
Read More »Are Real Estate Investors Feeling the Squeeze of the Housing Market?
New data shows there is continued momentum in the investment marketplace as 2023 progresses, with growth found particularly in the Midwest and the West regions of the country.
Read More »Home Prices Experience First Annual Drop Since 2012
While many homebuyers remained on the sidelines, home sales and competition leveled off in February, as the median U.S. home sale price fell 1.2% in February, marking the first year-over-year decline since 2012.
Read More »Affordability Struggles Weaken Housing Market
The rate of overall housing starts slowed in 2022 while completions climbed, according to a new Realtor.com report. New home affordability continues to drop rapidly with just 10% of new homes sold for less than $300,000 in Q4 2022.
Read More »Fannie Mae: Housing Market May Be More Vulnerable Than Projected
With home sales having dropped sharply this past year, Fannie Mae experts discuss the impact of lowering mortgage rates and what factors drove purchase demand to increase. Here’s why the housing market is now "in a different phase of the economic and housing cycle.”
Read More »Share of Distressed Home Sales Shrinks in October
Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.
Read More »Major Metros Show Significant Home Price Gains in Q3
First-time homebuyers looking to purchase a typical home during Q3 have begun to feel the impact of nationwide housing's growing unaffordability. A new report from the National Association of Realtors revealed single-family existing-home sales prices grew in nearly every metro analyzed, as the national median home price climbed nearly 9% from 2021.
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