A 3-point gain masks a market still defined by concessions
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Windermere Economist Jeff Tucker looks at recent economic indicators to determine if or when interest rates might finally come down
Price softening continues to spread from the Sunbelt into the Western U.S., and the inventory of homes for sale is growing at an accelerating pace, ICE Mortgage Technology reports
Windermere Economist Jeff Tucker looks at recent economic indicators, including some surprising upside despite a disappointing spring market
The FHFA HPI and S&P CoreLogic Case-Shiller Indices posted a 3.9% annual increase in February. While that marks another year of gains, the data shows that price growth has moderated
Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun
Housing starts fell 11.4% in March, a modest improvement from 2024, according to Census data released Thursday, with 1 economist describing the slump as 'well below consensus expectations'
Younger boomers (ages 60-69) and older boomers (ages 70-78) combined have captured 42% of the market, claiming the largest share of buyers, according to an NAR report
Privately owned housing starts rose 11.2% but still fell behind February 2024 activity, according to data released Tuesday. Single-family home construction rose 11.4% to 1.1M on a monthly basis
The iBuyer's $1.1B in Q4 revenue wasn't enough to offset a loss of $113M. However, CEO Carrie Wheeler said the company entered 2025 as 'a leaner, more efficient business'
Despite a nationwide dip in first-time homeownership, Black buyers have bucked the trend in 2024, leading the market with 62% purchasing their first home, according to Zillow
Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines: Fannie Mae
Fannie Mae and MBA forecasts dampened expectations for projected home sales in 2025 while offering a more cautious outlook on the prospects of mortgage rates coming down in the new year
Falling mortgage rates should help boost home sales by nearly 10% next year. But in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets