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
Share of mortgages in forbearance continues to drop
The amount of mortgages in forbearance declined for the fifth straight week, from 8.18% to 7.8% the week ending July 12, 2020
by Lillian Dickerson Jul 20
Minimum wage workers must clock 97 hours a week to afford housing
According to the National Low Income Housing Coalition, minimum wage workers need to make $23.96 per hour to comfortably afford a two-bedroom rental
by Marian McPherson Jul 20
Could mortgage rates under 3% be bad for the housing market?
First American Chief Economist Mark Fleming emphasized the downside of plummeting mortgage rates: 'Why move when you can lock in at less than 3% in a time like this?' 
by Patrick Kearns Jul 20
Median home sale price reaches all-time high
The median home sale price in the US rose by 2.8% from the previous year in June, marking an all-time high of $311,300, according to Redfin
by Lillian Dickerson Jul 20