‘Just a freakish bit of data’: Sticker shock imperils spring home demand
Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come
by Marian McPherson Mar 15
Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
US housing markets considered 'overvalued' quadrupled in 2022
Median home sale prices exceed the house-buying power of would-be buyers in 19 of 50 markets, according to data released Tuesday by First American Financial Corp.
by Matt Carter Sep 28
Inman's ultimate guide to navigating the topsy-turvy fall housing market
Buyers and sellers face a new reality where bidding wars will be rare, days on market stretch out and markets go from boom to bust (and bust to boom). But don't fear — Inman has you covered
by Marian McPherson Sep 19
Housing costs eyed as major culprit in latest 9.1% inflation hike
Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics
by Daniel Houston Jul 13
Sellers are reducing asking prices. But don’t expect house prices to drop, economist says
Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply, says First American Chief Economist Mark Fleming
by Matt Carter May 27
Home affordability erodes at fastest annual pace since 2004
Despite record-high prices, homes remain much more affordable for buyers than they were in 2006, but buying power has taken a big hit lately
by Daniel Houston Mar 30
Are low mortgage rates actually hurting home sales?
Falling mortgage rates have fueled boom in refinancing, but demand for purchase loans has slipped, according to data from Black Knight's July Originations Market Monitor report
by Matt Carter Aug 8
A senior couple enjoying the sunset
Homeowners with low mortgage rates and seniors choosing to age in place aren't eager to sell, according to a new analysis by First American Financial Corp.
by Matt Carter Jun 22
The Inman Handbook on existing-home sales
3 leading economists share what existing-home sales reveal about the market and how to properly use statistics to make client decisions
by Marian McPherson Jun 3
Home affordability drops for first time in more than 2 years
The First American Real House Price Index found that home price gains wiped out affordability boost from rising household income and low mortgage rates
by Matt Carter May 24
Recovering economy is driving housing market's potential: Study
'Potential existing-home sales' rose to an adjusted annual rate of 6.31 million in April, up 1.3% from March, according to First American Financial's Potential Home Sales Model
by Matt Carter May 20
Demand from millennials fuels biggest home price gains in 15 years
CoreLogic expects national home price appreciation to cool to 3.5% by next year, identifies some markets at risk of price declines
by Matt Carter May 4
It became more difficult to buy a house in these cities in June
First American's 'real house price index' surged in certain cities as the median income plummeted while home prices rose
by Patrick Kearns Aug 24
US homeownership rate hits near 12-year high — or did it?
New data from the Census Bureau indicates that the homeownership rate surged to its highest point since the third quarter of 2008, but a change in data collection methodology may have impacted the results
by Lillian Dickerson Jul 28