Tag Archives: housing inventory

Homebuyers respond as mortgage rates hover near 2025 lows

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Purchase loan requests are up 7 percent from a year ago, as loosening housing inventory and a pullback in mortgage rates presents FHA buyers with more opportunities. Continue reading →

US home prices rose modestly in January, led by NYC and Chicago

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The FHFA Housing Price Index posted a 4.8 percent annual growth rate while the S&P CoreLogic Case-Shiller Indices showed a slightly lower increase of 4.1 percent, according to new data released Tuesday. Continue reading →

Existing-home sales rebounded in February amid inventory uptick

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As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2 percent. Continue reading →

Florida housing market hits record inventory, Redfin says

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Florida wrapped up the first month of the year with a record-breaking number of homes for sale, according to Redfin’s latest data analysis. At the end of January, there were 172,209 homes on the market, the most Florida has ever seen. That’s a 22.7 per… Continue reading →

New-home sales plunge 10.5%, fall below expectations

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Sales of newly built single-family homes declined during January, falling well below consensus estimates, according to data released Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading →

December home prices extend decade-long growth streak

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U.S. home prices continued their climb in December, extending a long-running growth streak and reaching all-time highs, according to data released Tuesday by S&P Dow Jones and the Federal Housing Finance Agency (FHFA). The FHFA Housing Price Index… Continue reading →

Housing market challenges aren’t over yet, Barbara Corcoran warns

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Mortgage rates have inched downward, with the 30-year fixed rate falling down “by a fraction of a point to 6.96 percent,” Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday. However, Corcora… Continue reading →

Luxury sales surge near Mar-a-Lago as Trump settles into 2nd term

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Luxury home sales have taken off since Donald Trump’s re-election, and Palm Beach, Florida, home to his Mar-a-Lago resort, is at the center of the boom, Mansion Global reported Thursday. Continue reading →

Homebuyers remain sidelined despite more listing options

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Even with an uptick in new listings, homebuyers aren’t rushing into the market. Instead, demand has dipped, leaving a growing supply of homes sitting as buyers remain hesitant about their next move, according to Redfin’s latest data analysis. Over the … Continue reading →

Inventories on track to normalize in 40% of US markets this year

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After growing by 22 percent last year, inventory is “a bright spot for a market that’s been dealing with deep deficits in recent years,” according to ICE Mortgage Monitor report for February. Continue reading →