Tag Archives: Markets & Economy

Realtors praise Biden infrastructure plan’s focus on housing shortage

By | | Uncategorized
Comments Off on Realtors praise Biden infrastructure plan’s focus on housing shortage

The American Jobs Plan proposes building and retrofitting more than 2 million homes and commercial buildings. Continue reading →

New jobless claims see unexpected rise, surpassing pre-COVID record

By | | Uncategorized
Comments Off on New jobless claims see unexpected rise, surpassing pre-COVID record

Initial jobless claims for the week ending March 27 rose to 719,000, a number that surpassed the pre-coronavirus record, just one week after filings hit a pandemic low. Continue reading →

Homes have literally never been more expensive

By | | Uncategorized
Comments Off on Homes have literally never been more expensive

The median listing price for U.S. homes hit $370,000 in March, according to a new report. That’s higher than it has ever been in the past. Continue reading →

Rising rates take toll on mortgage demand

By | | Uncategorized
Comments Off on Rising rates take toll on mortgage demand

Although mortgage rates came down slightly after seven consecutive weeks of increases, applications for refinancing and purchase loans both fell more significantly. Continue reading →

Pending-home sales fall 10.6%

By | | Uncategorized
Comments Off on Pending-home sales fall 10.6%

Pending-home sales also declined on an annual basis for the first time in eight consecutive months, according to the National Association of Realtors. Continue reading →

A house in Washington, DC, nabbed 88 offers — 76 of them all-cash

By | | Uncategorized
Comments Off on A house in Washington, DC, nabbed 88 offers — 76 of them all-cash

At least 15 of the offers on the suburban fixer upper were made sight unseen. The situation highlights the brutally competitive housing market buyers are facing across the U.S. Continue reading →

Home price growth continues steep upward trajectory: Case-Shiller

By | | Uncategorized
Comments Off on Home price growth continues steep upward trajectory: Case-Shiller

Home prices in January rose by 11.2 percent year over year, according to the monthly S&P CoreLogic Case-Shiller U.S. National Home Price Index. Continue reading →

Beyond the headlines: What to expect with rising mortgage rates

By | | Uncategorized
Comments Off on Beyond the headlines: What to expect with rising mortgage rates

Looking for a little clarity on the news? Windermere Chief Economist Matthew Gardner dives into recent housing data releases and predicts how the market will fare. Continue reading →

Share of homeowners who can’t pay their mortgage hits new low

By | | Uncategorized
Comments Off on Share of homeowners who can’t pay their mortgage hits new low

The share of mortgages in forbearance dropped below 5% in March for the first time since the beginning of the pandemic, as homeowners resuming their payments continued to outnumber new requests for relief for the fourth week in a row. Continue reading →

Rents rise in suburban and rural areas, remain flat in urban centers

By | | Uncategorized
Comments Off on Rents rise in suburban and rural areas, remain flat in urban centers

Recent data from Zumper shows that suburban and rural rents grew 5 to 7 percent more than urban rents over the last year. However, some secondary cities that thrived during the pandemic are now starting to see rent declines Continue reading →