Tag Archives: home prices

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

By | | Uncategorized
Comments Off on Median price per square foot is up 52.7% since 2019: Realtor.com

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

By | | Uncategorized
Comments Off on Mortgage rates are bouncing back, and homebuyers don’t like it

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

By | | Uncategorized
Comments Off on Consumer disconnect: Good time to sell means it’s a bad time to buy

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

By | | Uncategorized
Comments Off on Steep home-price growth hampers February pending sales

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 →

Fed’s ‘higher for longer’ gambit may yet cool home price gains

By | | Uncategorized
Comments Off on Fed’s ‘higher for longer’ gambit may yet cool home price gains

Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow. Continue reading →

Homeseller sentiment is lukewarm as spring homebuying ramps up

By | | Uncategorized
Comments Off on Homeseller sentiment is lukewarm as spring homebuying ramps up

Elevated mortgage rates and home prices have made sellers leery about listing this spring. As a result, 50 percent of homesellers said they’ll be aligning their sales with a late-year rate drop. Continue reading →

Biden set to propose $5K tax credit for first-time buyers

By | | Uncategorized
Comments Off on Biden set to propose $5K tax credit for first-time buyers

The President will reveal a set of new housing initiatives during the State of the Union address on Thursday that will include a tax credit of $5,000 per year for two years to first-time homebuyers and a one-year tax credit of up to $10,000 to househol… Continue reading →

Scarce inventory, falling rates could boost home prices

By | | Uncategorized
Comments Off on Scarce inventory, falling rates could boost home prices

In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4 percent in 2024. Now they’re predicting prices will go up by 3.8 percent. Continue reading →

Warren Buffett: ‘You want a bad number’ to get good market news

By | | Uncategorized
Comments Off on Warren Buffett: ‘You want a bad number’ to get good market news

In 2010, the Berkshire Hathaway Inc. CEO said that fewer housing starts can help lay the foundation for a more balanced market down the line. His own company’s recent investments in home builders show commitment to that principle. Continue reading →