Tag Archives: home prices

Weak demand drives up share of homesellers cutting prices

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The typical home sold for 0.3 percent less than the original asking price in the past month, according to a new report from Redfin. Continue reading →

Home sales tend to rise after big elections. Can it happen in 2025?

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Keeping Current Matters’ David Childers and Jimmy Burgess crunch the numbers and lay out the reasons real estate agents and brokers could see a post-presidential election sales surge in 2025. Continue reading →

Case-Schiller Index breaks all-time high as HPI appreciation slows

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Figures in April 2024 for both indices suggested a strong market going into summer. Both the S&P CoreLogic Case-Shiller index and the FHFA HPI rose 6.3 percent on an annual basis. Continue reading →

More listings, lower rates should boost 2025 sales: Fannie Mae

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Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections. Continue reading →

Nine out of 10 Americans agree: May was a bad time to buy a home

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Elevated mortgage rates and home prices are creating challenges for many homebuyers, and 86% said May was a bad time to buy — a new high in Fannie Mae surveys dating to 2010. Continue reading →

Median price per square foot is up 52.7% since 2019: Realtor.com

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Home values have boomed over the past five years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot. Continue reading →

Mortgage rates are bouncing back, and homebuyers don’t like it

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As rates on conventional mortgages head back above 7 percent, homebuyer demand for purchase loans is wilting, with applications dropping for a third week in a row last week, according to an MBA survey. Continue reading →

Consumer disconnect: Good time to sell means it’s a bad time to buy

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Fannie Mae survey finds 67 percent of Americans agree that it’s a good time to sell, the highest level in nearly 2 years. But only 20 percent say it’s a good time to buy. Continue reading →

Steep home-price growth hampers February pending sales

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Rising home prices and mortgage rates stifled pending home sales in February, according to the National Association of Realtors on Thursday. The Pending Home Sales Index, which is a forward-looking indicator based on contract signings, was 75.6 in Febr… Continue reading →