This spring, East Coast agents see signs of emerging buyer’s market
Inventory is up and rates are down as fewer buyers face stiff competition and successfully find homes in less than a month, according to new data shared by BrightMLS on Wednesday
by Taylor Anderson Apr 30
Private listings offer no clear advantage for sellers: Bright MLS
As the debate over Clear Cooperation has hit a peak, the new study suggests seller flexibility may not mean much when it comes to looking at hard numbers from MLS transactions in the last year
How Trump's vow to deport millions of immigrants will impact housing
President-elect Donald Trump promised to begin deporting undocumented immigrants on Inauguration Day. Here's how his plan could disrupt housing starts and reduce affordability
by Marian McPherson Jan 20
Uncertainty, volatility ahead for housing market under Trump
Plans to eliminate federal income taxes, enact high tariffs and force the Federal Reserve to cut federal funds rates could tank the housing market, economists say
by Marian McPherson Nov 7
Homebuilding industry relieved as dockworkers' strike ends Friday
International Longshoremen’s Association's strike ended on Friday, removing worries that an extended strike would negatively impact new-home starts and sales
by Marian McPherson Oct 4
New-home market a 'bright spot' as annual sales rise 9.8%
New-home sales rose 9.8% YOY to a seasonally adjusted annual rate of 716K in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall
by Marian McPherson Sep 25
Market headwinds stifled new construction growth in June
High mortgage rates, slower homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains
by Marian McPherson Jul 17
Home prices hit record high for the 6th time in 12 months
National home prices jumped 6.5% in March from a year earlier to a new record high with the Northeast leading regionally
by Ben Verde May 28
US inventory rises to highest level since 2022 as new-home sales fall
Newly built homes available on the market rose to 480K, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to US Census Bureau data
by Ben Verde May 23
New-home sales fall abruptly in February for first time in 3 months
Sales of newly built homes slipped a modest 0.3% between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the US Census Bureau
by Ben Verde Mar 25
Existing-home sales rose 9.5% amid winter inventory boost
Existing-home sales decreased 3.3% annually in February, according to the National Association of Realtors. However, sales did improve 9.5% from January — signaling that recovery won't be linear
by Marian McPherson Mar 21
Housing starts leap in February as homebuilders become optimistic
Housing starts rose to a seasonally adjusted annual rate of 1.52M in February — 10.7% higher than in January, according to data released Tuesday by the US Census Bureau
by Ben Verde Mar 19
Home prices hit high in December as 'solid, steady growth' wins out
Home prices rose 5.5% on an annual basis in December, up from 5% in November, according to dueling data released Tuesday by S&P Global and the Federal Housing Finance Agency
by Ben Verde Feb 27
January existing sales offer mixed signals about market's future
Existing-home sales decreased 1.7% annually in January, according to the National Association of Realtors. However, sales did improve 3.1% from December
by Marian McPherson Feb 22
Home price growth accelerated in November alongside high rates
Home prices increased 5.1% between November 2022 and November 2023, despite falling 0.2% month over month from October
by Ben Verde Jan 30