Existing-home sales rebounded in February amid inventory uptick
As buyers cautiously reentered the market, existing-home sales rose 4.2% from January to 4.26M, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2%
by Richelle Hammiel Mar 20
Housing starts beat expectations in February but headwinds loom
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
by Richelle Hammiel Mar 18
The US is short 3.8M homes — Realtor.com wants to fix that
Despite builders’ best efforts, America’s 3.8M housing gap won’t be closed until 2032, according to a new analysis. Realtor.com is aiming to expedite that timeline with a new zoning campaign
by Marian McPherson Mar 10
Pending home sales fall 4.6% to an all-time low, NAR says
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6% to 70.6 in January, marking an all-time low, according to NAR data
by Richelle Hammiel Feb 27
Existing-home sales dip in January but maintain annual growth
Existing-home sales fell 4.9% in January to a seasonally adjusted rate of 4.08M. Despite the month-over-month decline, sales were still 2% higher than a year ago
by Richelle Hammiel Feb 21
Anxiety over mortgage rates, rent and home prices begins to mount
Inflation expectations surged after President Donald Trump announced plans to impose tariffs on goods from China, Canada and Mexico, a new University of Michigan survey of consumers finds
by Matt Carter Feb 10
Pending home sales decline 5.5% following months of growth
The Pending Home Sales Index (PHSI), which tracks contract signings as a measure of future home sales, fell 5.5% to 74.2 in December, according to data released Thursday by NAR
by Richelle Hammiel Jan 31
Home prices hit record high in November despite cooling demand
In November, the Federal Housing Finance Agency and the CoreLogic Case-Shiller Indexes recorded annual gains of 4.2% and 3.8%, respectively, according to new data released Tuesday
by Richelle Hammiel Jan 28
34% of homeowners say they'll never sell their home: Redfin
High home prices and elevated mortgage rates have pushed turnover rates to the lowest level in decades. Baby boomers and Gen Xers are most likely to say they'll never move
by Marian McPherson Jan 7
Existing-home sales surge to highest level in more than 3 years
Existing-home sales rose 6.1% annually in November while 3 out of 4 US regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors
by Richelle Hammiel Dec 19
3 wildly divergent market paths in 2024: The good, bad and the ugly
From pricey California to Florida's downturn and Connecticut's return to boom times, an Inman analysis of listing data shows 3 regions where brokers, agents and clients are facing challenges
by Daniel Houston Dec 4
Pending home sales rise for 3rd month, driven by higher inventory
Driven by an improved housing inventory, pending home sales rose modestly in October, marking its third-consecutive monthly increase, according to data released on Wednesday by NAR
by Richelle Hammiel Nov 27
The 3 housing regions blazing the most extraordinary paths: Intel
A sleeping giant righting the ship. A crown-jewel destination still in freefall. And a white-hot zone trapped in a low-inventory quagmire. These are the 3 strangest housing regions in the US today
by Daniel Houston Nov 18
Renewed buyer activity boosts pending home sales 7.6%
Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.
by Marian McPherson Oct 30
US home prices rise modestly amid affordability strains
US home prices were up in August, with both the Federal Housing Finance Agency (FHFA) and S&P CoreLogic Case-Shiller Indices recording a 4.2% annual gain
by Richelle Hammiel Oct 29