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The unexpected strength of home prices this year Oct. 28th 2024
Given mortgage costs, weak homebuyer demand, and the year’s rising supply of unsold homes, home prices should have receded. They have not.
Housing inventory fell last week. Have sellers called it quits? Oct. 26th 2024
The inventory growth rate went negative last week. To see if this is impacting sellers, check the new listings data and active listings.
22 U.S. metros where buying a home is cheaper than renting Oct. 25th 2024
Many renters think they’re saving money by renting, but long term, that might not be true. In some of the U.S.’s largest metros, a monthly mortgage payment is less expensive than the average rent. But there are many factors surrounding affordability—how do city dwellers make this decision?
New-home sales beat estimates but need a dose of reality Oct. 24th 2024
The new home sales report beat estimates, but the last three months were revised lower in sales, without a recent spike in mortgage rates.
Demand for distressed homes is dropping. What that means for the housing market Oct. 24th 2024
Auction.com said that demand for distressed homes, including bank-owned properties and foreclosures, shrank for a second straight quarter.
New-home sales continue to rise, diverging from existing-home sales Oct. 24th 2024
New-home sales hit a seasonally adjusted rate of 738.000, which is 4.1% higher than in August and 6.3% higher year over year.
Portrait of a pre-foreclosure peacemaker Oct. 24th 2024
“My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.”
Why are home prices rising with higher mortgage rates? Oct. 23rd 2024
Home prices are not cooling off as much as some people thought with higher rates. Here's why.
Treasury announces support to develop 26,000 affordable housing units Oct. 23rd 2024
The department has awarded nearly $250 million to build up to 750 owner-occupied units and 25,600 rental units.
Existing-home sales flop once again, but inventory is a bright spot Oct. 23rd 2024
As the pace of existing-home sales slows, potential homebuyers are finding more options in the market, but prices continue to go up.