Multifamily housing starts deliver August surprise; single-family falls

Privately owned housing starts beat expectations in August while single-family starts declined by nearly 3 percent, according to data issued Tuesday by the US Census Bureau. Continue reading

Home sales will cool off for the rest of this year and next: Fannie Mae

Projected growth in new home sales wouldn’t offset expected drop in existing home sales, according to Fannie Mae’s latest monthly forecast. Continue reading

Miami neck-and-neck with pricy Calif. metros as home prices surge

Another year of home price growth has pushed some metros to extremes, including Miami, where income growth hasn’t been able to keep up, according to new data from OJO Labs. Continue reading

Keller Williams on inflation, cooling prices, inventory uncertainty

Price growth is likely to slow down next year, and a correction may await on a more distant horizon, but 2022 should nevertheless be a good year for home sales. Tune into Inman’s Deep Dive on Keller Williams all week long. Continue reading

Existing-home sales rise for second consecutive month in July

Total existing-home sales in July 2021 rose 2 percent on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors. Continue reading

Home prices jump by double digits across nearly every US metro

The median existing single-family home price rose 22.9 percent year over year during the second quarter of 2021, according to NAR. Continue reading

Home prices show signs of leveling off for first time in months

After five consecutive months of record home prices, the market appears to be plateauing according to several key indicators. Continue reading

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

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