Tag Archives: home prices

California’s scorching-hot housing market expected to stay ‘incredibly competitive’

By | | Uncategorized
Comments Off on California’s scorching-hot housing market expected to stay ‘incredibly competitive’

California Association of Realtors blames lack of supply for “terrible consequences” on quality of life for potential buyers. Continue reading →

Selling to buy? It should get easier in coming weeks, report says

By | | Uncategorized
Comments Off on Selling to buy? It should get easier in coming weeks, report says

Conditions should start to improve for buyers while remaining great for sellers if current trends hold, according to a new Redfin report. Continue reading →

With home prices slow to fall, would-be buyers are getting squeezed out

By | | Uncategorized
Comments Off on With home prices slow to fall, would-be buyers are getting squeezed out

People who lost income during the pandemic are finding it hard to buy their first homes as real estate prices grew faster than incomes, according to a new Harvard University report. Continue reading →

Investor home purchases exceed pre-pandemic levels, hit record high

By | | Uncategorized
Comments Off on Investor home purchases exceed pre-pandemic levels, hit record high

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Continue reading →

Builder confidence curbed in July by continued supply-side roadblocks

By | | Uncategorized
Comments Off on Builder confidence curbed in July by continued supply-side roadblocks

Labor shortages, regulatory costs and high costs of materials continued to dampen builder confidence, but strong buyer demand helped moderately temper those challenges in July, according to a new report. Continue reading →

New single-family housing starts ramp up 6% in June: Census Bureau

By | | Uncategorized
Comments Off on New single-family housing starts ramp up 6% in June: Census Bureau

The increase in housing starts is a welcome gift, but experts say builders aren’t yet betting recent improvements in materials costs are here to stay for the long term. Continue reading →

If home prices don’t cool, watch for Fed tightening and rising mortgage rates

By | | Uncategorized
Comments Off on If home prices don’t cool, watch for Fed tightening and rising mortgage rates

Economists at Fannie Mae are again sounding warnings that rising rents and record home price appreciation could contribute to long-lasting inflation that leads to earlier, more aggressive tightening by the Federal Reserve. Continue reading →

Percentage of all-cash home purchases in US soars to 30%

By | | Uncategorized
Comments Off on Percentage of all-cash home purchases in US soars to 30%

That figure represents the largest share of homes purchased in all-cash since 2014, according to a Redfin report. Continue reading →