In April, 47 percent of homes for sale in the U.S. went under contract in less than a week. The squeeze is happening at various price points and in dozens of metro areas. Continue reading
Continuing inventory woes have hampered existing-home sales for the third consecutive month, according to a National Association of Realtors’ market report released Friday. Continue reading
The national delinquency rate dipped below 5 percent in April, although nearly 1.8 million homeowners were at least 90 days behind on their mortgage payments, an increase of 1.3 million compared to before the pandemic. Continue reading
So far, bond markets are taking the prospect of Fed tapering of monthly purchases of $40B in mortgage-backed securities and $80B in Treasuries in stride Continue reading
“Potential existing-home sales” rose to an adjusted annual rate of 6.31 million in April, up 1.3 percent from March, according to First American Financial’s Potential Home Sales Model. Continue reading
The inventory shortage isn’t going to last forever. In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future. Continue reading
A new survey of 42 economists showed that home prices, housing starts, apartment vacancies and other factors should remain healthy for the next several years. Continue reading
In their latest monthly forecast, Fannie Mae economists on Tuesday projected existing homes will sell at an annual pace of 5.88 million during April, May and June. Continue reading
Nationwide builder sentiment clocked in with an index score of 83 in May, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading
Given the soaring costs we’re seeing in almost every aspect of our lives, the end of forbearance programs and rent moratoriums, coupled with the age of boomers who own 42 percent of the inventory, the inventory dam has definitely started leaking. Continue reading