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Why are existing home prices rising when sales are still so low? Apr. 18th 2024
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
Elevated mortgage rates, home prices harm affordability: Redfin Apr. 18th 2024
The median monthly housing payment for U.S. homebuyers rose to a record $2,775 during the four-week period ending April 14.
Existing home sales retreated in March: NAR Apr. 18th 2024
Home prices rose last month even as fewer sales occurred and unsold inventory grew
Home prices kept climbing at a brisk pace in March: First American Apr. 17th 2024
National prices are now 52% higher than pre-pandemic levels
California home sales sink in March Apr. 17th 2024
State Realtors report a slow start to the spring season, although price growth remains positive.
Powell makes it clear: No rate cuts anytime soon Apr. 16th 2024
Powell made statements that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong.
As inflation heats up, mortgage rates also rise Apr. 16th 2024
Even with more available homes for sale, higher borrowing costs are likely to limit sales growth
Do housing starts show we’re going into a recession? Apr. 16th 2024
Housing leads the U.S. economy into and out of a recession, as housing starts fall into a recession and rise when we are recovering.
The new-home market is losing momentum Apr. 16th 2024
Even with a drop in housing starts, the new-home market will likely continue to outperform the existing-home market over the near term.
Coastal California metros were the priciest in March: Zillow Apr. 15th 2024
Competition for listings is set to ramp up in May and June