#us-housing-market

[ follow ]
from 24/7 Wall St.
1 week ago

Young Adults Are Flocking to These Counties

Young adults accounted for a disproportionate share of moves in the U.S. in 2022, making up nearly 44% of relocations.
#real-estate

National Home Prices Keep Sinking Boston Condos For Sale Ford Realty

Existing home sales have significantly declined in 2023, with concerns over rising insurance costs and fluctuating mortgage rates impacting buyer decisions.

Investors bought one in six homes sold in Q2 2024: Redfin

Investor home purchases increased 3.4% year over year in Q2 2024, contrasting with a decline in overall home purchases.

National Home Prices Keep Sinking Boston Condos For Sale Ford Realty

Existing home sales have significantly declined in 2023, with concerns over rising insurance costs and fluctuating mortgage rates impacting buyer decisions.

Investors bought one in six homes sold in Q2 2024: Redfin

Investor home purchases increased 3.4% year over year in Q2 2024, contrasting with a decline in overall home purchases.
morereal-estate
#home-prices

Investors are quietly scooping up 1 in every 6 single-family homes in these cities

Investors are capitalizing on strong rental demand despite high home prices and interest rates.
Investors purchased one in every six homes in the second quarter, totaling $43 billion.

Home sales drop for third straight month as prices hit record high

Rising mortgage rates and record-high prices led to a decrease in previously occupied US home sales for three consecutive months.

Home prices hit record high in November amid sagging inventory

Home prices rose for the 10th consecutive month in November as housing inventory remained low.
Prices increased 5.1% nationally in November compared to the previous year.

The Oceanfront Virginia Housing Markets Where Prices Are Falling

Rising demand and limited supply are driving up U.S. home prices, particularly in popular coastal areas, with varying trends observed in Virginia.

34 Cities Where Home Prices Are Predicted to Fall in 2024 | Entrepreneur

Zillow predicts home prices will fall in 34 of the largest US cities from November 2023 to November 2024.
The main issue in the US housing market is a lack of demand, which is starting to push prices down as sellers lower their asking prices.

US home-price growth picks up with 'healthy gains' across cities

Home prices in the US grew at the fastest rate since 2022, putting pressure on buyers.
Inventory remains low, keeping prices high despite recent rise in homes listed for sale.

Investors are quietly scooping up 1 in every 6 single-family homes in these cities

Investors are capitalizing on strong rental demand despite high home prices and interest rates.
Investors purchased one in every six homes in the second quarter, totaling $43 billion.

Home sales drop for third straight month as prices hit record high

Rising mortgage rates and record-high prices led to a decrease in previously occupied US home sales for three consecutive months.

Home prices hit record high in November amid sagging inventory

Home prices rose for the 10th consecutive month in November as housing inventory remained low.
Prices increased 5.1% nationally in November compared to the previous year.

The Oceanfront Virginia Housing Markets Where Prices Are Falling

Rising demand and limited supply are driving up U.S. home prices, particularly in popular coastal areas, with varying trends observed in Virginia.

34 Cities Where Home Prices Are Predicted to Fall in 2024 | Entrepreneur

Zillow predicts home prices will fall in 34 of the largest US cities from November 2023 to November 2024.
The main issue in the US housing market is a lack of demand, which is starting to push prices down as sellers lower their asking prices.

US home-price growth picks up with 'healthy gains' across cities

Home prices in the US grew at the fastest rate since 2022, putting pressure on buyers.
Inventory remains low, keeping prices high despite recent rise in homes listed for sale.
morehome-prices
#home-sales

Home sales slump in June, signaling buyer's market as prices hit another record high

US existing home sales dropped in June, setting a record high for median house prices; improving supply and lower mortgage rates may spur future activity.

Pending home sales plunge to lowest level since pandemic began

High interest rates lead to a significant drop in US home purchase contract signings, with April levels at the lowest since the pandemic's onset.

February home sales unexpectedly jump 9.5% to 1-year high as mortgage rates dip

Home sales in February rose 9.5% to a strong pace fueled by lower mortgage rates and increased inventory.
Median sales price in February climbed to $384,500, the highest in records dating back to 1999.

Home sales slump in June, signaling buyer's market as prices hit another record high

US existing home sales dropped in June, setting a record high for median house prices; improving supply and lower mortgage rates may spur future activity.

Pending home sales plunge to lowest level since pandemic began

High interest rates lead to a significant drop in US home purchase contract signings, with April levels at the lowest since the pandemic's onset.

February home sales unexpectedly jump 9.5% to 1-year high as mortgage rates dip

Home sales in February rose 9.5% to a strong pace fueled by lower mortgage rates and increased inventory.
Median sales price in February climbed to $384,500, the highest in records dating back to 1999.
morehome-sales
#mortgage-rates

Housing market won't come 'unstuck' until 2026, economists predict - here's why

The US housing market is not expected to improve until at least 2026 without a recession, as stated by Wall Street economists.

Home-price growth in the US accelerates as buyer demand picks up

Home-price growth in the US accelerated in December, with a 5.5% rise from a year earlier.
30-year borrowing costs fluctuated, affecting buyer demand and contributing to higher purchase prices.

US housing starts, permits fall short as mortgage rates rise

New US home construction rose by less than expected in April, impacted by rising mortgage rates. Permits declined, pointing to future constriction in housing activity.

US new-home sales exceed forecast on drop in mortgage rates

Sales of new homes in the US exceeded forecasts in December due to lower mortgage rates.
The median sales price of a new home dropped in December as more homes became available for sale.

Housing market won't come 'unstuck' until 2026, economists predict - here's why

The US housing market is not expected to improve until at least 2026 without a recession, as stated by Wall Street economists.

Home-price growth in the US accelerates as buyer demand picks up

Home-price growth in the US accelerated in December, with a 5.5% rise from a year earlier.
30-year borrowing costs fluctuated, affecting buyer demand and contributing to higher purchase prices.

US housing starts, permits fall short as mortgage rates rise

New US home construction rose by less than expected in April, impacted by rising mortgage rates. Permits declined, pointing to future constriction in housing activity.

US new-home sales exceed forecast on drop in mortgage rates

Sales of new homes in the US exceeded forecasts in December due to lower mortgage rates.
The median sales price of a new home dropped in December as more homes became available for sale.
moremortgage-rates

Key housing markets are starting to buck national trends: Redfin

Two populous states, Texas and Florida, show signs of housing market pullback amidst nationwide price surge and supply constraints.

Want to buy a home in California? Here's how much you need to earn per year, Zillow says

Homeownership affordability in the U.S. has significantly increased since 2020, making it harder for potential buyers to purchase homes.
Average monthly mortgage payments for single-family homes have almost doubled in the U.S. since January 2020.

Can Mortgage Defaults Happen To The Downtown Boston Real Estate Market? Err... Yes Boston Condos For Sale Ford Realty

Mortgage defaults have increased by 16% year over year in the U.S.
1.3% of all consumer-level mortgages were in serious delinquency in Q4 2021.

Massachusetts condo sales surge in December

Sales of new single-family homes surged 8% between November and December.
December condo sales in Massachusetts increased by 15.29%.

Wall Street wants second mortgages expanded for 'the next big U.S. stimulus.' Is that wise?

Freddie Mac proposed to enter the secondary mortgage and home equity loans market, aiming to unlock an estimated $1-2 trillion in consumer spending.
Concerns arise regarding the proposal's potential impact on inflation and the already substantial home equity available to U.S. homeowners.

Homeowners sitting on a pile of cash with $17T in home equity: CoreLogic

Home equity in the US rose by $1.5 trillion in Q1 2024, with the average homeowner gaining $28,000 in equity, highest since late 2022.
[ Load more ]