America is severely lacking in housing, an issue raised on both sides of the aisle and blamed for the ongoing affordability crisis. But despite big talk of building, very little progress has been made towards addressing supply. That’s according to a new LendingTree analysis of the U.S. Census Bureau Building Permits Survey, which found that…
The South has lost its sparkle for American movers in the post-pandemic world, but that could change as the region doubles down on producing affordable inventory. More than half of all available inventory in April 2024 was concentrated in Southern states, according to an analysis by Realtor.com. They also boasted the most new listings at…
Monthly payments are going up as mortgage rates continue to climb but a boost in new listings could signal a fall price cooldown. Rates have soared to their highest level in more than two decades, sending monthly housing payments to record highs. A buyer with a $3,000 monthly budget has lost almost $40,000 in purchasing…
Competition has returned full force to the housing market as demand for limited inventory sends home prices soaring. Black Knight’s latest Home Price Index hit a new record in May, with prices up 0.7% month-over-month and 8.9% YOY. This is the fifth consecutive month of gains. Many markets experienced home price declines in the last few…
Annual single-family home price growth dipped from Q3 2022 to Q4 2022, according to Fannie Mae’s Home Price Index. Prices rose by 9.2% YOY in Q4, down from 13.1% in Q3. They increased just 0.2% quarter-over-over when seasonally adjusted, and fell 1% unadjusted. The index measures the average quarterly price change for all single-family properties…
Inventory saw a record uptick in the four weeks ending December 4th as buyer demand dwindled and homes lingered on the market, according to new data from Redfin. The total number of homes for sale rose 15% YOY in that period, the largest increase recorded in Redfin’s Homebuyer Demand Index. New listings fell by 20%,…
New home sales fell in July to a seasonally adjusted annual rate of 511,000, down 12.6% from June and 29.6% YOY, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. The massive dropoff can be attributed to the rising cost of buying a home. Home price appreciation and…
Housing inventory rebounded in June, rising 2% across the country, according to a new report from Redfin. This is the first annual inventory increase since July 2019. Rising mortgage rates, home price appreciation, and a looming recession have pushed some potential homebuyers to the sidelines. Home sales were down almost 16% YOY, the largest drop…
Inventory increased for the first time since June 2019, with active listings up 8% YOY, according to Realtor.com’s May housing data. An inventory increase is a good sign for the market, which is facing pressure as rising rates and soaring home prices are causing potential buyers to back off. The national median listing price in…
Active listings were down only 12.2% in April, its smallest YOY decline since December 2019, according to Realtor.com’s Monthly Housing Trends Report. This suggests that inventory may be about to bounce back up after the crippling shortage of the last year. Though new listings declined, the number of homes under contract saw a YOY decrease…
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