Rent prices post highest annual increase in over a year: Redfin
The median asking rent in the United States rose 2.2% year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9% increase compared to the month before
by Ben Verde Mar 11
Pending home sales dropped in January as mortgage rates rose
Pending home sales dropped off 4.9% between December and January and were down 8.8% year over year
by Ben Verde Feb 29
Rent is falling fastest in markets that added the most new supply
Rent is now 0.7% lower for one-bedroom rentals nationwide than it was a year ago, but some markets are still seeing significant increases, new report shows
by Taylor Anderson Feb 27
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
New American Funding acquires Draper and Kramer Mortgage
'Strategic move' expands New American's footprint in the Midwest and East Coast regions, with DKMC brand to be retired but a majority of loan originators and support staff being retained
by Matt Carter Feb 1
For Rent sign in a window
The median asking rent fell 0.8% year over year during the last month of 2023, according to a new report by Redfin, which attributes the fall to an increase in supply
by Ben Verde Jan 9
Pending home sales stagnate in November despite rate relief
November's numbers show pending sales didn't move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead
by Jim Dalrymple II Dec 28
New-home sales fell in November, but brighter days may lie ahead
Sales of newly built single-family homes fell 12.2% between October and November to an annual rate of 590,000, but lower interest rates may bring relief
by Ben Verde Dec 22
Existing-home sales inch up in November after 5-month decline
Sales of existing single-family homes edged up 0.8% between October and November, and more gains are expected as interest rates settle
by Ben Verde Dec 20
Builder sentiment improves on heels of falling mortgage rates
Builder confidence in the market for single-family homes rose 3 points to a score of 37 during December, the first monthly improvement since August
by Ben Verde Dec 18
Pending home sales fall to lowest level in more than 20 years
Pending sales fell 1.5% month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001
by Ben Verde Nov 30
Pending home sales surge in a September surprise
The Pending Home Sales Index, representing the number of homes that went under contract, rose 1.1% between September and August
by Ben Verde Oct 26
Existing-home sales droop as mortgage rates hit 20-year highs
Home sales fell 2% between August and September and retreated 15.4% from a year ago as prices and interest rates climbed
by Ben Verde Oct 19
Housing starts tally 'unexpected' uptick amid rising mortgage rates
New housing starts increased 7% in September to a seasonally adjusted rate of 1.36M, or 7.2% below the levels seen in September 2022, according to Census Bureau data released Wednesday
by Ben Verde Oct 18