The slowdown in construction activity comes as the average for a 30-year loan rose to 5.3 percent last week, up from 2.49 percent a year ago, according to new data released by the US Census Bureau on Wednesday. Continue reading
Forgiving student loan debt would have lots of economic impacts, but one of the most common arguments in the debate over this policy is that it would influence the housing market. Continue reading
Home prices in February grew at the third-fastest annual pace in 35 years. Since then, experts have observed early signs of a cooling market. Continue reading
The 19.2 percent year-over-year jump was the fourth-largest increase recorded in the 35-year history of the Corelogic Case-Shiller Index. Continue reading
Pending home sales decreased 4.1 percent in February from the previous month and were down 5.4 percent from the same period last year, according to the National Association of Realtors Pending Home Sales Index. Continue reading
Thirty-year mortgage rates fell to 3.05 percent, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey released Thursday. Continue reading
After increasing by a modest 0.4 percent in October, new home sales saw a 12.4 percent increase in November, according to the U.S. Census Bureau and Department of Housing and Urban Development. Continue reading
The median existing-home sales price, meanwhile, soared 13.9 percent year over year in November as inventory plunged 13.3 percent, according to data released Wednesday by the National Association of Realtors. Continue reading
Recent inventory shortages may ease somewhat in 2022, but demand will probably still exceed supply and affordability will be challenging. Continue reading
September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5 percent year over year, down from a 19.8 percent annual gain in August. Continue reading