Tag Archives: Markets & Economy

New home sales beat expectations as prices climb to historic record

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Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800. Continue reading →

Rent growth catching up to home price increases in major cities

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In 2021, East Coast rents made steady gains while West Coast rents remained stilted — until recently, a new report released Tuesday from Zumper reveals. Continue reading →

US home price growth continued to sizzle in August: Case-Shiller

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The S&P/Case-Shiller U.S. National Home Price Index remained virtually unchanged since July, when gains rose 19.7 percent while continuing a 15-month streak of upward growth. Continue reading →

Annual home price gains may have peaked for now, FHFA data suggests

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Home prices inched up 1 percent in August from the previous month and soared 18.5 percent year over year, but annual gains may be slowing, according to the Federal Housing Finance Agency. Continue reading →

Wealth, taxes and politics: The Las Vegas housing market’s wild ride

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Home values in the gambler’s paradise recently eclipsed records from the 2006 housing bubble. As Inman Connect Las Vegas kicks into gear, agents describe a remarkable run. Continue reading →

Rates for 30-year mortgages reach highest point since early spring

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Mortgage rates continued their month-long rise in mid-October as buyers and sellers navigated unusual market conditions. Continue reading →

WeWork finally goes public, stock jumps on 1st day of trading

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At long last, WeWork made its stock market debut Thursday, two years after it tried and failed to first hold an initial public offering. Continue reading →

Existing-home sales rebound in September after August dip: NAR

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Existing-home sales made a rebound in September following a dip in sales in August, NAR reported. All four major U.S. regions saw an increase in sales from the previous month. Continue reading →

Home sales on track for one of the strongest years in real estate history

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A strong fall and winter season should mean 2021 will wrap up with nearly 7 million in sales, making it one of the strongest years in history, according to a new MoxiWorks analysis. Continue reading →

Homebuyer demand sags as mortgage rates continue to rise

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With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher.  Continue reading →