Sales of new single-family homes hit a seasonally adjusted annual rate of 676,000 in February — an uptick of 5.1 percent — and roughly met economists’ expectations, according to data released Tuesday. Continue reading
As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2 percent. Continue reading
This week, Windermere Real Estate Principal Economist Jeff Tucker looks at active listings, inflation and mortgage rates, which spell out “a recipe for pretty good shopping conditions for buyers” this spring. Continue reading
Central bank dials back Treasury rolloffs but is not ready to cut short-term interest rates, as Fed policymakers indicate they’re more worried about inflation than they were in December. Continue reading
Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion launches campaign focused on making homebuying more affordable by cutting alleged wasteful spending at the mortgage giants. Continue reading
Privately owned housing starts rose 11.2 percent but still fell behind February 2024 activity, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading
Republicans are less worried about the future than Democrats and Independents, but “consumers from all three political affiliations are in agreement that the outlook has weakened since February.” Continue reading
Soaring property tax and homeowners’ insurance costs have made homeownership less affordable than any time since the 1980s, Bernice Ross writes. Continue reading
Homebuyers have responded to a pullback in mortgage rates from January highs, but tariffs on imported goods could keep inflation elevated and halt the downward trend in rates. Continue reading
A recent Redfin analysis of U.S. Census Bureau, MLS and county records from 2019 to 2023 found that in 35 of the 50 largest U.S. metro areas, wealthy renters are taking over the rental market. Certain cities, including San Jose, California; Raleigh, No… Continue reading