Booming buyer demand, withering US lumber supplies and a tariff hike on Canadian softwood have pushed lumber prices to a pandemic high, with sales contracts closing at $950 Wednesday. Continue reading
Prices rose 4.2 percent in the third quarter of 2021 and were up 18.5 percent over the same time last year, according to the latest House Price Index by the Federal Housing Finance Agency. 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
Whether you were stuffing your face with pumpkin pie or breaking up a brawl between brothers who aren’t on speaking terms, here are the top stories you might have missed this weekend. Continue reading
Inventory across all housing types fell 0.8 percent from the month previous and 12 percent year over year to 1.25 million units. Nonetheless, home sales are expected to exceed 6 million by the end of the year. Continue reading
For the first time, Fannie Mae is forecasting all the way out to 2023, when it expects the economy to enter “mature state of the business cycle,” with the risk of another recession moving into focus. Continue reading
The median sales price of single-family existing homes increased in 99 percent of the 183 markets measured by the National Association of Realtors, while 78 percent of markets saw double-digit price gains. Continue reading
The most exclusive communities in the U.S. got even tougher to buy into in 2021, as home prices soared in the nation’s priciest ZIP codes, according to real estate data firm PropertyShark. Continue reading
Americans’ confidence that the economy is on the right track is at its lowest level since 2013, but that’s not expected to hurt home sales, with homebuyer demand still outpacing available listings. Continue reading
With chronic inventory shortages and rising home prices in markets around the country, having tough conversations with homebuyers is both inevitable and necessary, so don’t delay them, panelists at Inman Connect Las Vegas advised on Tuesday. Continue reading