Housing Market

Thinking of Waiting Out the Housing Market? Non-Buyers Regret Sitting on Sidelines

January 4th, 2022
(TNS)—As home prices spiked during the pandemic, some people decided to put their home shopping on pause in the hopes that prices might drop, a decision they are coming to regret. Now, a year-and-a-half into record price growth and dwindling...

U.S. Economy Sees Sizable Boost From Real Estate Activity in 2021

June 6th, 2022
In one of the best years that the industry has ever seen, the real estate sector—driven by record-level price gains and strong demand—contributed significantly to the U.S. economic recovery last year, according to recent data released by the National Association...

Existing-Home Sales Rebound in September

October 21st, 2021
After seeing waning numbers in August, existing-home sales bumped up last month by 7% to a seasonally adjusted annual rate of 6.29 million, with each of the four major U.S. regions seeing month-over-month increases, according to the latest data from...

Homeownership Rate Flat in Q3

November 3rd, 2021
The homeownership rate was 65.4% in the third quarter of 2021, nearly flat compared to the previous quarter, according to the latest data from the Commerce Department. National vacancy rates in the third quarter 2021 were 5.8% for rentals (-0.6%...

Fair Housing Isn’t Enough: Report Shows Racial Disparity Fight Still Needs Support

November 24th, 2021
Overall, overt housing discrimination has lessened through the years following regulations guided by Fair Housing laws; however, it is nowhere near completely dissipated. And while some may not be able to identify it in their day to day, the diversity...

Registration Open for Brian Buffini’s Annual ‘Bold Predictions 2022 Real Estate Market Outlook’

December 6th, 2021
Brian Buffini, founder and chairman of Buffini & Company, will continue to navigate what the future holds for real estate, and what agents need to do to succeed, in his annual “Bold Predictions” market outlook, on Mon., Dec. 13, 2021...

New-Home Mortgage Applications Down 2.2% in November

December 20th, 2021
Mortgage applications for new-home purchases decreased 2.2% YoY, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2021. On a monthly basis, applications decreased by 3%. MBA estimates new single-family home sales were running at...

Annual Home Price Growth Accelerates in November

January 4th, 2022
Prospective homebuyers felt the strain of growing affordability hurdles as home prices maintained their upward trajectory in November, according to recent data from CoreLogic. The organization released its CoreLogic Home Price Index (HPI) and HPI Forecast on Jan. 4, which...

New Report: May Sees Least Affordable Housing Market in 16 Years

June 6th, 2022
While rising home prices and volatile interest rates continue to compound the affordability pressures in the housing market, the same dynamics have also served to increase the housing wealth of American mortgage holders by a significant margin. This is according...

Mortgage Rates Still on the Rise, Forecast to Reach 3.4% by December

October 21st, 2021
It’s been another week of increasing mortgage rates, with the average 30-year fixed-rate mortgage (FRM) coming in at 3.09%, according to the latest data from Freddie Mac.  Mortgage details: 30-year fixed-rate mortgage averaged 3.09% with an average 0.7 point for...
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