Tag Archives: home sales

Fewer homes sell in August than last year, a first since pandemic boom

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Home sales declined in August on a seasonally adjusted basis, settling in 6 percent lower than the same time last year. Continue reading →

Profit margins drop on fixer-uppers as flip sales ramp back up

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Fix-and-flip investors have seen their lowest profit margins in a decade, with the typical return falling to 34 percent. Continue reading →

Investors will lead home sales for foreseeable future: Study

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John Burns Real Estate Consulting’s new Resale Housing Market Index report reveals how buyers are struggling to beat investors in a frenzied market. Continue reading →

Why homebuyers aren’t taking advantage of drop in mortgage rates

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The historically low level of inventory for sale suggests that any rate-related increase in sales will be muted due to the inadequacy of listings needed to fulfill higher buyer demand. This softer sales response also suggests more upward pressure on pr… Continue reading →

Underwater homeowners gain breathing room as prices climb

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Fewer properties are considered seriously underwater now that rising home prices have put homeowners with mortgages in a better position. Continue reading →

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

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

Foreign buyers may soon swoop back into US housing market

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International buyers were less involved in the U.S. housing market during the first year of the pandemic — but that may soon change. Continue reading →

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

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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 →

‘Homebodies’ hampering housing market potential by not selling

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“Homebodies” — homeowners who don’t want to give up their rock-bottom mortgage rates and seniors choosing to age in place — are keeping home sales from reaching their full potential, according to an analysis by First American Financial Corp. Continue reading →

Fannie Mae has ‘meaningfully downgraded’ its forecast for 2021 home sales

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As listing shortages and supply constraints on homebuilders drive up prices, risk of inflation grows, economists with Fannie Mae said. Continue reading →