New data from Redfin shows that home sale prices have hit another record high, now at a median of $387,600, up 4% from a year earlier. High housing costs led…
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Newsletter:
Inflation eases mid-2024, markets rejoic
David Uberti and Nick Timiraos of the Wall Street Journal report on last week’s CPI data showing that U.S. inflation eased slightly in April, with the consumer-price index rising 3.4%…
Rates drop, but don’t expect much more in 2024
According to Freddie Mac, the average 30-year mortgage rate fell slightly to 7.09% after a weak jobs report, but they are still hovering above seven percent. This impacts buyers and…
Rent growth has been sluggish throughout 2024
Apartment List released its monthly rent report last week, showing that rent prices rose for the third consecutive month, but the growth was modest. This indicates sluggishness in the market.…
Low housing supply to keep prices elevated into 2025
Jeff Cox of CNBC reports on U.S. GDP growth, highlighting that in Q1 2024 it increased at a 1.6% annualized pace when adjusted for inflation, according to the preliminary read…
Homeowner preferences are changing
A new report from ATTOM Data Solutions shows a steady increase in commercial foreclosures, from 141 in May 2020 to 625 in March 2024. California had 187 commercial foreclosures in…
Single-family home construction rises in spring 2024
Robby Brumberg and Michael Dempster of Consumer Affairs report on new housing construction, noting that in February 2024, the U.S. Census Bureau estimated that 126,417 building permits were issued for…
Anti squatter laws in the US expanding
Anti-squatting legislation is growing among various states, starting with Florida and Alamaba. According to Charles Creitz of Fox News, a rare bipartisan bill was recently passed that significantly reduces the…
Housing supply surges in Spring 2024
New data from the National Association of Realtors (NAR) revealed that home sales in February spiked. Sales of existing homes jumped 9.5% in February to 4.38 million units. Although sales…