1 in 10 households were priced out of newly built homes in last year alone
Only 31% of U.S. households can afford to buy a newly built home, down from 40% a year ago
by Daniel Houston Feb 14
How mortgage rates hit 4% ahead of schedule, flummoxing forecasters
Bond market investors, not Fed policymakers, exert the strongest immediate pull on markets that drive mortgage rate trends
by Matt Carter Feb 14
Dave Chappelle speaks out after affordable housing video goes viral
Controversial comedian Dave Chappelle lobbied hard against a housing project and threatened to pull his business interests out of the town if a zoning change was approved
by Ben Verde Feb 11
Mortgage rates rise above 4% for first time since December 2019
FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to new Optimal Blue Mortgage Market data
by Matt Carter Feb 11
Vrbo tallies strong revenue in Q4 despite disruption from Omicron
Expedia Group earnings still fall short of pre-pandemic levels, but travelers appear to be growing accustomed to living with the virus, executives said during an earnings call Thursday
by Taylor Anderson Feb 11
News Quiz: Do you know the biggest stories for the week of Feb. 6?
Keller Williams, eXp Realty, Opendoor and Zillow all made headlines this week. Test your knowledge of the biggest stories to see if you're up to date on the industry in February
by Inman Feb 11
Zillow revenue soars, losses deepen in Q4 amid fast-moving iBuying exit
Zillow's now-shuttering iBuyer business sent revenue soaring, but also significantly amplified losses during the final months of 2021
by Jim Dalrymple II Feb 10
What's behind highest inflation since 1982? Just ask homeowners
The prices of shelter, food and electricity rose substantially in January, driving most of the inflation felt throughout the US, according to Bureau of Labor Statistics data released Thursday
by Daniel Houston Feb 10
More restrictions expire, ushering in new wave of home foreclosures
The number of homes with foreclosure filings rose 29% in January as lenders took advantage of expiring federal restrictions, according to new data from Attom Data Solutions
by Daniel Houston Feb 10
What to watch for in Zillow's first post-iBuyer earnings report
Zillow's last earnings report included news that the Zillow Offers iBuyer program would shut down. Three months later, observers are waiting for the next pivot
by Jim Dalrymple II Feb 10
Home price growth eased up in Q4 but not enough to help buyers: NAR
Although the annual median home price growth slowed from 15.9% in Q3 2021 to 14.6% in Q4, homebuyers still struggled under the weight of booming sales prices, according to NAR Q4 data
by Marian McPherson Feb 10
Demand for vacation homes now outpacing primary homes: Redfin
Vacation-home demand is the highest it's been in a year and just below a record 90% gain in demand tallied in September 2020, according to data released Thursday by Redfin
by Lillian Dickerson Feb 10
On Google, 'real estate agent' is the job most Americans really want
In 2021, the most popular 'how to become' search on Google was for 'real estate agent,' strongly suggesting a tidal wave of new agents may soon be coming to a housing market near you
Share of homes available to buyers is falling fast as mortgage rate climbs
If mortgage rates rise to 3.9% by the end of 2022, homes valued above $383,000 would fall out of reach for the typical American couple on a $2K monthly mortgage budget, according to Redfin
by Ben Verde Feb 9
Demand for mortgages sags as rates keep rising
With inventory remaining tight for entry-level buyers, the average loan request hit another record high of $446,000
by Matt Carter Feb 9
Black Americans can afford only 20% of housing stock: NAR
A new study reveals how market conditions during the pandemic have made it harder to close racial homeownership gaps, as minorities tend to earn less than their white counterparts
by Marian McPherson Feb 7