Does low inventory make the market crash-proof?
On The Download this week, we're asking: Is low inventory having a protective effect on the housing market? How long can it last?
by Christy Murdock Jun 16
Empty cupboards: The US has 39% fewer homes for sale than in 2018
New listings dropped 23% year over year, pulling the number of homes on the market down 39% compared to the same period 5 years ago, according to an analysis by Redfin issued Thursday
by Ben Verde Jun 15
Fed skips June rate hike, leaves door open to future increases
While Fed policymakers currently see need for 2 more rate hikes this year, some economists think economy will continue to cool without further tightening
by Matt Carter Jun 14
Homebuyer mortgage demand picks up even as lenders tighten
Mortgage lenders tightened standards for the 3rd month in a row in May, with mortgage credit availability falling to the lowest level since January 2013
by Matt Carter Jun 14
Nearly 92% of all US homeowners now have a mortgage rate below 6%
The vast majority of homeowners boast a mortgage rate below the current average of 6.71% — a bittersweet pill that explains the stalemate playing out in housing markets across the country
by Ben Verde Jun 14
The inventory recovery suffered a setback. Is it just temporary?
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled
by Daniel Houston Jun 14
Inflation is falling. So what happens next? Here's what economists say
The impact of high housing costs is expected to fall out of inflation, giving cover for the Federal Reserve to stop raising interest rates for now, economists said. But there are still warning signs
by Ben Verde AND Taylor Anderson Jun 13
Offerpad executes 1-for-15 reverse stock split to head off delisting
Pioneering iBuyer hopes to bring share price back above the New York Stock Exchange's $1 minimum threshold by converting every 15 shares of outstanding common stock into 1 share
by Matt Carter Jun 12
Low inventory propped up price growth this spring
US home values grew 1.4% between April and May of 2023 — slower than the past 2 springs but faster than both the 2018 and 2019 spring markets
by Ben Verde Jun 12
Here are 5 reasons we won't see a housing market crash this year
Opinion
According to Splitero CEO Michael Gifford, we’re still in an affordability crisis and unlikely to see a complete housing market tumble in 2023
by Michael Gifford Jun 12
It's definitely a seller's market: Buyer sentiment sags in poll
With home prices propped up by scarce inventory and mortgage rates showing few signs of easing, only 19% of Americans surveyed by Fannie Mae thought May was a good time to buy
by Matt Carter Jun 9
Can Home Depot's tiny home put a dent in the housing crisis?
This week: Home Depot rolls out its new tiny home. Can initiatives like this make an impact on the affordable housing crisis?
by Christy Murdock Jun 9
Missing middle: Home shortage for middle-income buyers hits 320K
The US needs to not just build more new homes, but build more new homes that are affordable to most people, according to a new report from the National Association of Realtors and Realtor.com
Treasury Secretary: Commercial real estate will suffer 'some pain'
In her first interview since the resolution of the debt ceiling crisis, Treasury Secretary Janet Yellen said that while she expects 'some pain' and even consolidation, banks will weather the storm
by Matt Carter Jun 9
Robert Reffkin: Sub-4% mortgages are 'handcuffs' for home inventory
In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3% mortgage rate 'as a financial asset' — at least for now
by Daniel Houston Jun 8
Mortgage rates ease but fail to revive homebuyer demand
Some Fed policymakers say even if they skip hiking rates next week to assess the latest inflation data, that doesn't mean they're ready to pause altogether
by Matt Carter Jun 7