We had a nice pop in our weekly pending home sales last week, and with mortgage rates near 2025 lows we could ask: Is housing breaking out? Not exactly. One of the themes I really stressed this year is that weekly data can be volatile around holiday weekends. So we always look at the two […]
Weekly home sales look stronger than normal, but there’s a catch Read More »
After falling slightly in August, existing home sales were back on the rise in September, according to data released Thursday by the National Association of Realtors (NAR). Month-over-month, the paces of existing home sales rose 1.5% in September to a seasonally adjusted annual pace of 4.06 million. This represents a 4.1% annual increase. “As anticipated,
Existing-home inventory up 14% from a year ago Read More »
Sales of previously owned homes in the US rose modestly last month as lower mortgage rates and tamer price gains sparked some activity in the nation’s long-stagnant housing market. Contract closings increased 1.5% to an annual rate of 4.06 million in September, the highest in seven months, according to National Association of Realtors figures released
US existing-home sales rise to fastest pace in 7 months Read More »
Housing demand started to pick up more than three months ago and has stabilized the housing market. One reason many people are behind the curve on housing data is that they rely on outdated reports that are three to six months old. This is why it’s very critical to track weekly live fresh housing data
Housing demand now reflects a positive trend Read More »
For years, policymakers and analysts have debated the reasons behind America’s worsening housing affordability crisis. Some point to zoning and land-use restrictions, others to construction bottlenecks or rising interest rates. But a growing body of research suggests a deeper, structural problem; wages simply haven’t kept up with the cost of living. That disconnect — according
The $79 trillion shift: How lost wages are fueling the housing crisis Read More »
Housing inventory at one point this year showed 33% year-over-year growth, but that growth has since slowed to 17%, and we might already have seen the seasonal peak in inventory for the year in the first week of August. I didn’t believe we were witnessing the peak in August and I have been looking for
Did housing inventory peak in August this year? Read More »
Amid one of the most severe housing crises in U.S. history, Zillow and Housing Connector, a tech-powered nonprofit, are celebrating a milestone in combating homelessness. Together, the organizations have helped 10,000 people find stable homes. What began in 2019 as a local solution in Seattle has evolved into a national model for unlocking private-market housing
Zillow and Housing Connector help 10,000 people find homes Read More »
President Donald Trump and Federal Housing Finance Agency Director Bill Pulte are fueling a deeper selloff in already struggling homebuilder stocks. A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, are helping put an S&P gauge of builders
Lagging builder stocks face new worry from Bill Pulte’s ire Read More »
New research from the Federal Reserve Bank of Cleveland shows that investors now own up to one in three single-family homes in parts of Northeast Ohio — with a local nonprofit working to reverse that trend. Real estate investors were responsible for 43% of home purchases last year in some of Ohio’s and western Pennsylvania’s
Cleveland nonprofit fights to halt investor homebuying wave Read More »
President Donald Trump called on Fannie Mae and Freddie Mac to boost homebuilders and help “restore the American Dream” in a Truth Social post on Sunday. The president said large homebuilders are sitting on 2 million empty lots, and compared the situation to the Organization of the Petroleum Exporting Countries keeping oil prices high before
Trump calls on Fannie Mae, Freddie Mac to boost homebuilders Read More »