Tag Archives: home prices

Consumer homebuying sentiment has plateaued at ‘pessimistic’

By | | Uncategorized
Comments Off on Consumer homebuying sentiment has plateaued at ‘pessimistic’

Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82 percent also said August was a bad time to buy. Continue reading →

Redfin CEO says housing sales volume has hit ‘rock bottom’

By | | Uncategorized
Comments Off on Redfin CEO says housing sales volume has hit ‘rock bottom’

Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get. Continue reading →

Gary Keller: A ‘rolling recession’ will hit the US housing market in 2024

By | | Uncategorized
Comments Off on Gary Keller: A ‘rolling recession’ will hit the US housing market in 2024

Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a “rolling recession” while predicting agents will survive treacherous economic terrain. Continue reading →

US prices fell this spring, new data shows. Not that anybody noticed

By | | Uncategorized
Comments Off on US prices fell this spring, new data shows. Not that anybody noticed

Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most U.S. markets, it didn’t feel that way. Continue reading →

Demand for mortgages wanes as rates plateau near 2023 highs

By | | Uncategorized
Comments Off on Demand for mortgages wanes as rates plateau near 2023 highs

A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey. Continue reading →

Home prices rose in May in defiance of down housing market

By | | Uncategorized
Comments Off on Home prices rose in May in defiance of down housing market

Prices rose 0.7 percent from April to May after adjusting for increases typically experienced in spring, according to estimates released Tuesday by CoreLogic and the Federal Housing Finance Agency. Continue reading →

Economy’s strength could keep a damper on existing-home sales

By | | Uncategorized
Comments Off on Economy’s strength could keep a damper on existing-home sales

Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a ‘higher-for-longer’ rate strategy to combat inflation, Fannie Mae economists said. Continue reading →

In 5 months, homebuyers have lost $30K in purchasing power

By | | Uncategorized
Comments Off on In 5 months, homebuyers have lost $30K in purchasing power

It doesn’t matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options. Continue reading →

Americans resigned to high home prices, mortgage rates: Fannie Mae

By | | Uncategorized
Comments Off on Americans resigned to high home prices, mortgage rates: Fannie Mae

Consumer confidence in the housing market “appears to have plateaued at a relatively low level,” said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday. Continue reading →