Tag Archives: Single-Family Homes

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.

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.

Homes built during the pandemic boom are now going up for sale, according to Redfin's latest market report. The share of new construction homes reached 29%, marking a new high for any Q3 on record.

“As home valuations are a vital component of the mortgage process, publishing transparent, aggregate data on appraisals provides useful information to the public while protecting borrowers’ personally identifiable information,” said FHFA Director Sandra L. Thompson.

As Fannie Mae predicted in the second quarter of 2022, home price growth decelerated sharply during the third quarter, which fell in-line with a sharp rise in mortgage rates, further proving that the current rate and home price environment is weighing on affordability.

Ginnie Mae’s MBS portfolio grew for the 13th consecutive month in July, supporting over 155,000 affordable homeownership and rental units throughout the U.S., including approximately $1.85 billion in loans for multifamily housing.

While NAR found an uptick in homes purchased by international buyers over the past year, the 98,600 sold marked the fewest number of sales recorded by this segment since 2009.

Despite home-flipping rates reaching new highs, representing 9.6% of total home sales in Q1, ATTOM reports that profit margins on flips hit a 13-year low.

Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors (NAR). Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions. Total existing-home sales ...

The number of homes purchased by real estate investors in the first quarter declined 11.5% from Q4 of 2021 and 16.5% from Q3 of 2021, when investor purchases hit a record high, according to a new report from Redfin. Still, ...