New single-family home sales soar to highest rate in 13 years
Sales of new single-family homes rose 13.8% year over year, according to data from the US Census Bureau and the Department of Housing and Urban Development Development
A backyard
The coronavirus pandemic has made homebuyers rethink what they want in a home and whether to seek out more spacious digs, according to a new Redfin analysis
by Andrea V. Brambila Jul 24
As New Yorkers flee city, Hamptons median home price soars past $1M
The median sales price of a home in the Hamptons rose a whopping 27.1% to $1.08M in the second quarter, according to a new Douglas Elliman Report released Thursday
Mortgage rates creep back to 3%
The 30-year, fixed-rate mortgage average increased for the first time since May to 3.01%, for the week ending July 23
by Patrick Kearns Jul 23
New jobless claims reverse course, increase from prior week
New initial unemployment claims topped 1 million for the 15th straight week
by Patrick Kearns Jul 23
US home sale profits rise to new post-recession high
The typical home sale profit of $75,971 in the second quarter of 2020 reflected a 36.3% return on investment, a new high in raw profits since the housing market started its recovery from the Great Recession in 2012
by Lillian Dickerson Jul 22
Multifamily rents fell year-over-year for first time in a decade
Annual rent growth shifted to negative in June, falling to -0.4% to $1,457
by Lillian Dickerson Jul 22
Housing discrimination is a vicious cycle: Zillow chief economist
During Zillow's virtual Unlock event, Svenja Gudell highlighted the historic instances that have led to a massive homeownership gap between white Americans and people of color
by Patrick Kearns Jul 22
Chance of V-shaped housing recovery is growing slimmer
'The possibility of volatility lasting into 2021 could be a reality,' according to a 136-page report by HouseCanary released Wednesday
by Patrick Kearns Jul 22
Median existing-home prices rise for 100th-consecutive month
Meanwhile, existing-home sales in June rebounded 20.7% month over month, according to market report released Wednesday by the National Association of Realtors
by Marian McPherson Jul 22
Home repair help and moving services on the rise: TaskRabbit
With economies reopening across the country, demand for home repair help and moving services are picking up steam, according to data provided by the online marketplace
by Lillian Dickerson Jul 22
Home prices continued to rise in May
The home price index ticked up 4.9% year over year in May while declining modestly 0.3% month over month, according to the Federal Housing Finance Agency
by Patrick Kearns Jul 22
Mortgage applications surge as buyers scramble for rates below 3%
Purchase activity was up 19% year over year, an increase for the ninth-consecutive week, according to new Mortgage Bankers Association data released Wednesday
by Patrick Kearns Jul 22
The pandemic is delaying apartment construction
A new survey shows that 57 percent of major multifamily developers reported delays to their projects earlier this month
by Jim Dalrymple II Jul 21
Rent prices still rising but at lowest rate in 10 years
'Single-family rent growth slowed abruptly in May as the nation felt the full impact of the economic crisis caused by the pandemic,' says CoreLogic's Molly Boesel
Making sense of the headlines: What consumer confidence looks like today
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner dives into Fannie Mae’s National Housing Survey and what consumer confidence looks like right now
by Matthew Gardner Jul 21