National home prices were up 14.8 percent from a year ago, “wiping out any affordability boost” from rising household income and low mortgage rates, said First American Chief Economist Mark Fleming. Continue reading
It is critical that the public, the residential and commercial real estate sector, and elected officials across the country understand the EB-5 program’s benefits, the jobs it creates and saves, and the potential it has to buttress the post-COVID econo… Continue reading
Canada is tightening standards for mortgages over worries about rising home prices, with the Greater Toronto Area, Hamilton and Montréal markets particular causes for concern. Continue reading
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