Goldman Sachs predicts 2024 recovery: The Real Word
Opinion
Byron Lazine and Nicole White discuss the Goldman Sachs prediction on falling home sales, the return of the 40-year fixed mortgage, California blackout risks and Apple’s iPhone 14 event
by Byron Lazine Sep 9
Is the summer rush obscuring a deeper housing slowdown?
The seasonal summer boom in the housing market has gone head-to-head with dramatically cooling market conditions. The latest data reflects the market appears to be 'losing steam'
by Daniel Houston Aug 30
Following 6-month slowdown, the home-sale boom may finally be over
Home sales were down 19% year over year in July, a sign the pandemic-era boom in housing demand may be in the rearview mirror, according to new data released Monday by Redfin
by Daniel Houston Aug 22
When will buyers quit canceling contracts? Not yet, apparently
More buyers have been backing out of deals than at any time since the early weeks of the pandemic. And in July, that share ticked up again, according to a new report from Redfin
by Daniel Houston Aug 16
New home starts fall sharply: 'The whole housing sector is in retreat'
The number of new construction projects for single-family homes dropped by 10% in July, the steepest decline of the year, according to the US Department of Housing and Urban Development
by Daniel Houston Aug 16
Home price growth is scaling back, but not everywhere at once: NAR
Single-family homes saw a double-digit annual rise in sale prices in 148 of 185 metro markets in Q2, but overall numbers point to a housing market in opening stages of a cooldown, report says
by Daniel Houston Aug 11
Housing ever costlier in July, despite inflation's sudden dropoff
A steep drop in gas prices offset the rising costs of housing and food for many families. Prices were still up 8.5% year over year, says a report from the US Bureau of Labor Statistics
by Daniel Houston Aug 10
More people than ever ask Google: ‘Will the housing market crash?'
Interest in the housing market has peaked on Google, with searches for whether a crash is imminent shooting up. The spike suggests homeowners are nervous about their market timing
by Daniel Houston Aug 10
Home price growth reached point of sustained slowdown in May
Mortgage rates began to take a toll on price growth as early as this spring. But prices remained more resilient than other market indicators, according to the S&P Corelogic Case-Shiller Index
by Daniel Houston Jul 26
Half of Redfin home offers now face no competing bids, new report says
In the month of June, just under 50% of home offers written by its agents faced competition on a seasonally-adjusted basis, the lowest rate in over 2 years, the brokerage reported Wednesday
by Daniel Houston Jul 20
When exactly was the turning point for home price growth?
At the year's outset, housing experts wondered when the market's rapid price growth might begin to slow. New data from S&P CoreLogic Case-Shiller Home Price Index provides fresh clues
by Daniel Houston Jun 28
Home affordability hits 15-year low, passing 'inflection point' for buyers
An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow
by Daniel Houston Jun 21
Rise, fall, repeat: The biggest housing surprises of 2022  (so far)
Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they're taking a second look
by Daniel Houston Jun 15
What are the odds of a housing bubble? 114 experts weigh in
More than 100 housing experts surveyed by Zillow generally agreed that housing prices won't face a big downturn. But a mild recession may be in play later this year or in 2023, they believe
by Daniel Houston Jun 7
The shift has begun — but rate hikes won't be housing's Achilles' heel
Experts told Inman they expect home sales and price growth to slow down, but they don't think rising rates will knock everyone out of the market
by Jim Dalrymple II May 26