Tag Archives: Housing markets

20% of home sellers slashed list price in last 4 weeks: Redfin

A growing number of home sellers are lowering prices, a potential signal of easing housing costs after record-setting growth, according to Redfin. Some of the hottest markets over the past year are now seeing the greatest shares of reductions. Nearly one in five, or 19.1%, of sellers across the U.S. dropped prices over the four-week […]

Consumer attitudes about housing market reach a 2-year low

Homebuying sentiment cratered to a two-year low in April, with over three-fourths of consumers indicating that it was a bad time to make a purchase, according to researchers at Fannie Mae.  Fannie Mae’s Home Purchase Sentiment Index, or HPSI, which is based on surveys of U.S. consumers that cover opinions about the buying and selling […]

FHA makes a change for certain post-foreclosure sales

The Federal Housing Administration on Thursday added a 30-day buyer preference for certain home sales from its default inventory, and it could put more of those in the hands of owner-occupants, nonprofits and governmental entities. The change would give these buyers first crack at properties in the claims without conveyance of title process. CWCOT involves […]

Buyers prepping for a hot spring market: B of A

In a sign of how hot the housing market remains, a significant share of prospective homeowners are looking to snap up properties quickly, a Bank of America survey found. Nearly two-thirds of potential homebuyers indicated they would make an offer on a property on the same day of viewing, and a subset of that group […]

South Florida rents top New York area after highest rent increases in the country

The South Florida region saw the highest rent increases in the country in the past year, with some rents more than doubling. The median rent in the tri-county area jumped 57% from March 2021 to March 2022, according to the latest data from realtor.com. The region had the highest rent increases out of the 50 […]

Housing affordability plunged in February

The combination of rising interest rates and surging housing prices drove the most rapid decline in affordability in more than 30 years, according to First American. Researchers at the real estate services provider determined that affordability decreased 30.6% year over year in February, the largest margin since First American began tracking the metric. On a […]

Younger home buyers flock to Midwest, Mountain states

After peaking in 2020, the share of purchases among younger home buyers has dropped due to ongoing affordability issues and the return of older consumers to the market, according to CoreLogic. The percentage of home buyers aged 30 and below fell to under 20% nationally in 2021, after approaching 22% in 2020. Seasonally adjusted numbers […]

Senators point to familiar scapegoats for supply crisis

Senators Thursday took turns blaming the government and investors for the nation’s expensive, tight housing market during a hearing meant to address the challenges in housing an aging population. Lawmakers during the U.S. Senate Committee on Banking, Housing and Urban Affairs hearing used their limited time to re-air past criticisms while asking experts to explain […]

Build-for-rent homes make up a larger share of investor buys

The onset of COVID helped usher in anoticeable pivot toward build-for-rent purchases by single-family rental providers, at the same time overall existing-home inventory has decreased in the past two years, according to a new report. Build-for-rent properties, constructed for the sole purpose of letting to tenants, accounted for 26% of acquisitions by single-family rental providers […]

Home inventory won’t return until at least 2024: Zillow

It will take several years before the supply of homes for sale returns to pre-pandemic levels, but the market will likely get t. by the end of 2024, according to the majority of experts surveyed by Zillow. Meanwhile, the share of purchases from first-time home buyers, which diminished in ongoing market conditions marked by record […]