While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin. Continue reading
A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In the first quarter of 2023, the profit margin on a median-priced U.S. home was 44.2 percent. Continue reading
Two widely cited home price measures confirm that the price drops halted in the early weeks of 2023. But downward pressure on prices remains. Continue reading
The housing sector’s resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie’s latest monthly forecast. Continue reading
Homes in the lower tier of pricing are still 8 percent more expensive than at this time last year — and inventory has barely budged, according to a new analysis released Thursday by Zillow. Continue reading
Pandemic-era boomtowns and tech hubs fueled an annualized 3.3 percent drop, to $400,528, according to new data. “There’s this fear that everything will crash,” reports one Redfin agent in Boise, Idaho. Continue reading
The dust has begun to settle from the great pandemic home-price boom and bust. An Intel deep-dive analysis sheds light on which markets have been hit hardest by falling prices — and why. Continue reading
The mortgage giant’s quarterly Home Price Index shows national home prices were up 1 percent during the first quarter of 2023 compared to the final three months of 2022. Continue reading
Consumer sentiment ticked up slightly in March as confidence in selling conditions improved and fewer people worried about losing their jobs. Continue reading
Nineteen cities out of 20 tracked by the S&P CoreLogic Case-Schiller Index posted monthly declines in January, with the biggest decreases seen in San Francisco, Seattle and San Diego. Continue reading