At 2.60 (-3.70% MoM)
At 334,445 (-5.46% MoM)
Homes For Sale
At 855,678 (-3.94% MoM)
At 127,800 (+7.58% MoM)
Oct 21, 2019 via zillow.com Zillow expects September existing home sales to fall 1.4% from August, to 5.41 million units. That would be a 4.5% increase from September 2018. The National Association of Realtors will release those figures on Tuesday, Oct. 22. New home sales are projected to fall 4.6% from August, to 680,000 units - a 12% increase from... The post Forecasts for Existing and New Home Sales (September 2019) appeared first on Zillow Research.
Oct 21, 2019 via housingwire.com Home renovation spending reached a record high this summer, according to Harvard University's Joint Center for Housing Studies. Although they expected those numbers to continue to soar through the end of 2019, the JCHS now says it expects a complete stall come 2020. The post Harvard: Remodeling to stall in 2020 appeared first on HousingWire.
Oct 21, 2019 via housingwire.com Home renovation spending reached a record high this summer, according to Harvard University's Joint Center for Housing Studies. Although they expected those numbers to continue to soar through the end of 2019, the JCHS now says it expects a complete stall come 2020. The post Harvard: Remodeling market to stall in 2020 appeared first on HousingWire.
Oct 21, 2019 via housingwire.com Since Zillow Offers first launched in Phoenix in 2018, it has expanded into 21 other markets across the country. And now, it's growing again in Florida.
Oct 21, 2019 via housingwire.com We hear the term "disruption" so frequently that it's started to lose its luster. As a startup founder, I can attest to its overuse. But as Mark Andreessen quipped in 2001, "software is eating the world." Incumbents are being displaced by software companies in industries across the globe, ours included, and it's worthwhile to understand […]
Oct 21, 2019 via housingwire.com Futures traders now see a rate-cut as the near-certain outcome of next week's Federal Reserve meeting as a stagnant manufacturing sector weighs on the economy. "The U.S. economy confronts some evident risks in this the 11th year of economic expansion," Fed Vice Chairman Richard Clarida said in a speech on Friday.
Oct 21, 2019 via housingwire.com Friday, the Supreme Court agreed to hear the case to determine the constitutionality of the leadership of the Consumer Financial Protection Bureau.
Oct 21, 2019 via cnbc.com They're not just she-sheds or he-sheds or granny pods or tiny homes. The latest housing trend in the backyard is now front and center for a new breed of homebuilder and landlord.
Oct 21, 2019 via cnbc.com One of the fastest growing real estate brokerages in the U.S. is announcing a new service designed to make it easier for current homeowners to buy another home.
Oct 21, 2019 via themortgagereports.com If you already own a home, then you're in luck. According to a new study, home values made their biggest climb in five years last month.
Oct 18, 2019 via housingwire.com Today's Mortgage Tech Rundown focuses on the latest product and software developments, integrations and more from companies like DocMagic, Loan Vision, and ZestFinance.
Oct 18, 2019 via housingwire.com The Supreme Court announced Friday it will take on the case challenging the constitutionality of the Consumer Financial Protection Bureau's leadership. As it stands now, President Donald Trump cannot fire the CFPB director unless it's for cause. Now, the Supreme Court will have the final say.
Oct 18, 2019 via housingwire.com Poorer communities in the U.S. are more likely to face falling home values as they struggle to adjust to floods and rising insurance costs, according to an article from Bloomberg.
Oct 18, 2019 via housingwire.com The Trump administration has laid out more than two dozen unilateral actions it wants to take to put Fannie Mae and Freddie Mac firmer ground and release them from government conservatorship. But, there's a little thing called "election risk." A new president can throw the blueprint in the trash.
Oct 18, 2019 via housingwire.com In September, America's home sales climbed 8.1%, representing the largest year-over-year increase since 2016, according to the RE/MAX National Housing Report. Once again, buyer demand outpaced home sales, resulting in the largest inventory decline in over a year.
Oct 18, 2019 via housingwire.com Short-term rental site Airbnb doubled down on its loss from the first quarter of 2018 in the first quarter of 2019, but it the company appears more ready for growth than ever. Why? Because the loss is due to an increase in marketing spending.
Oct 18, 2019 via cnbc.com "It was built for hyper growth and that is too capital intensive," says the Starwood Capital founder.
Oct 18, 2019 via redfin.com Twenty-six percent of Redfin.com home searchers looked to move to another metro area in the third quarter of 2019, compared to 25 percent during the same period last year. The post Affordability is a Relative Concept--Boston Tops U.S. Migration Destinations in the Third Quarter appeared first on Redfin Blog.
Oct 18, 2019 via cnbc.com Earlier this week, a package of housing initiatives was introduced and Chan says those measures are the first step to returning the city to "normalcy."
Oct 17, 2019 via zillow.com You can do this the easy way -- by first reading our analysis of what $1 million homes look like in cities around the country -- or you can wing it. Either way, there are surprises! The post Quiz: What $1 Million Gets You, and Where appeared first on Zillow Research.
Oct 17, 2019 via cnbc.com Following a report on Thursday showing that Airbnb's losses doubled from a year earlier, a source familiar told CNBC that it has $3 billion on its balance sheet.
Oct 17, 2019 via themortgagereports.com Mortgage rates are experiencing their first upward momentum since the start of 2019. October will prove to be a pivotal month for rates. Advice, predictions, and your next steps.
Oct 17, 2019 via cnbc.com A year ago WeWork boasted about being the largest private office tenant in Manhattan. That could make a potential bankruptcy particularly ugly.
Oct 17, 2019 via housingwire.com Housing starts dropped 9.4% in September to a seasonally adjusted annual rate of 1.256 million and the pace for August was revised upward, according to the Department of Commerce.
Oct 17, 2019 via zillow.com On the heels of an exceptionally and unexpectedly strong August, these steep September retreats in housing starts and permits are a reminder that builders still face considerable headwinds. The post September Housing Starts: Headwinds Still Blowing appeared first on Zillow Research.
Oct 17, 2019 via themortgagereports.com DIYing can be a smart way to save money. But according to a study, not all DIY projects are created equally.
Oct 16, 2019 via zillow.com For-sale inventory continued to fall in September after a mild recovery earlier this year. There are 102,112 fewer homes on the market in the U.S. than there were last year, a 6.4% year-over-year drop. The median home in the U.S. is worth $231,000, up 4.8% from this time last year. Accelerating quarterly growth indicates that... The post After Rebounding Prior to Home Shopping Season, Inventory Falls to Fresh Lows (September 2019 Market Report) appeared first on Zillow Research.
Oct 16, 2019 via housingwire.com Foreclosure activity sank in the third quarter of 2019, dropping to the lowest level in nearly 15 years, according to the latest report from ATTOM Data Solutions. Foreclosure activity in the third quarter fell 19% from a year ago to the lowest level since the second quarter of 2005, a 13-year low.
Oct 16, 2019 via housingwire.com The International Monetary Fund said global economic growth this year will be the weakest pace since the 2008 financial crisis as the U.S-China trade war and Brexit weigh on the world's economies. "Higher tariffs and prolonged uncertainty surrounding trade policy have dented investment and demand for capital goods," said IMF Chief Economist Gita Gopinath.
Oct 16, 2019 via housingwire.com For all of 2019, BuildFax Housing Health Reports have revealed that single-family housing authorizations - what it considers a key indicator of historic recessions - have been decreasing. But the latest BuildFax Housing Health Report has a different tune to it. According to the report, single-family housing authorizations rose 3.57% month over month in September.
Oct 16, 2019 via housingwire.com With each passing day, more evidence is emerging that 2019 is a good year for the mortgage business due low interest rates leading to a wave of refinances. In fact, Ellie Mae's latest Origination Insight report shows that in September, refinances made up a larger share of the overall total of mortgage originations than in any month in more than four years.
Oct 16, 2019 via housingwire.com Julian Castro, the former Secretary of Housing and Urban Development, criticized the moderators of the Tuesday night Democratic debate for closing with a question about talk-show celebrity Ellen Degeneres' controversial friendship with former President George Bush without asking any questions about housing, immigration or climate change.
Oct 16, 2019 via housingwire.com Low interest rates and a strong job market propelled homebuilder confidence to 71 points in October, the highest reading since February 2018, the National Association of Home Builders and Wells Fargo said in this month's Housing Market Index. Greg Ugalde, NAHB's chairman, said a reduction in new-home inventory is helping to support the market.
Oct 16, 2019 via cnbc.com Builder confidence in the single-family market jumped three points in October to 71 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Oct 16, 2019 via themortgagereports.com 2020 mortgage rates forecast: What do the experts say we can expect in terms of real estate financing costs?
Oct 16, 2019 via themortgagereports.com Payment-to-income ratios are down, and in early September, housing affordability hit a 32-month high, according to new data.
Oct 16, 2019 via housingwire.com Last week, the 30-year fixed-rate mortgage fell, spurring another uptick in refinance demand, resulting in mortgage applications rising by 0.5%, according to the Mortgage Bankers Association. The organization indicates that on an unadjusted basis, the index crawled forward 1% for the week ending on October 11, 2019. Despite this increase, Joel Kan, MBA's vice president of economic and industry forecasting, said the ongoing interest rate volatility is impacting a borrowers' ability to lock in the lowest rate possible.
Oct 16, 2019 via cnbc.com Mortgage interest rates rose last week, but that didn't throw any cold water on the mini-refinance boom that's been going on for the last month.
Oct 15, 2019 via cnbc.com A little over two weeks after withdrawing its IPO filing, WeWork is in need of cash. SoftBank and J.P. Morgan Chase are trying to pull something together.
Oct 15, 2019 via housingwire.com Over the past few years, Mortgage Contracting Services has made a series of acquisitions. That growth trend continues as the company announced Tuesday it is acquiring Miami-based M&M Mortgage Services.
Oct 15, 2019 via housingwire.com The U.S. foreclosure rate fell to the lowest level in two decades in July as a strong labor market made it easier for Americans to pay their bills. The share of mortgages in foreclosure fell to 0.4%, CoreLogic said in a report on Tuesday. Other measures including the delinquency rate also fell.
Oct 15, 2019 via housingwire.com America's rental prices declined in September, as RentCafe indicates the nation's average rent fell by $1 to mark the first decrease since 2017. Although September's month-over-month decrease may seem insignificant, RentCafe indicates that it points to a slight wind-down in rent prices in the context of a more volatile financial climate.
Oct 15, 2019 via housingwire.com The housing market was the bright spot in the Federal Reserve's monthly economic snapshot released on Tuesday. While consumer spending "softened," business equipment spending was "sluggish," and payroll growth was "moderate," the housing market has "rebounded" with the help of low mortgage rates, the Fed said.
Oct 15, 2019 via cnbc.com A lull in home sales earlier this year helped build much-needed supply, but a sharp drop in rates this summer brought demand back and has dramatically depleted that inventory.
Oct 15, 2019 via redfin.com The post A Typical African American Family Could Afford Just 25 Percent of Homes for Sale Last Year, Down from 39 Percent in 2012 appeared first on Redfin Blog.
Oct 15, 2019 via housingwire.com Total student debt in the U.S. reached $1.5 trillion, a new all-time high, according to a new study by realtor.com. But what does that mean for the housing market? Together, $1.5 trillion is enough to buy every single home on the market in the U.S. Twice.
Oct 15, 2019 via themortgagereports.com Three in five Americans think they might not qualify for a mortgage. But their odds are better than they think. Learn how to qualify with any background.
Oct 15, 2019 via themortgagereports.com The hottest housing markets aren't big cities or metros. According to new data, they're smaller, outlying cities with more affordable housing.
Oct 15, 2019 via zillow.com A million-dollar home looks very different from one city to the next. The post What $1 Million Gets You appeared first on Zillow Research.
Oct 14, 2019 via cnbc.com Trust Ventures targets tech companies tackling broad public issues but facing high regulatory barriers.
A weighted, repeat-sales index which measures average price changes on the same properties for single-family homes whose mortgages go through Fannie Mae or Freddie Mac.
Latest: 276.91 (July 2019), MoM change: +0.38%, YoY change: +4.96%
Source: Federal Housing Finance Agency
Median Sale Price Latest: $314,000 (August 2019), MoM change: -0.95%, YoY change: +3.29%
Median Price Per Square Foot Latest: $175 (August 2019), MoM change: -1.13%, YoY change: +1.16%
Latest: 98.20% (August 2019), MoM change: -0.03%, YoY change: +0.20%
Latest: 23.39% (August 2019), MoM change: -5.09%, YoY change: -6.23%
Price Drops Latest: 28.05% (August 2019), MoM change: +2.30%, YoY change: +2.11%
Only includes first-lien prime conventional conforming home purchase mortgages with a loan-to-value of 80 percent. For the past several decades, more than half of consumers choose 30-year, fixed-rate mortgages.
Rate Latest: 3.61% (September 2019), MoM change: -0.28%, YoY change: -22.03%
Points Latest: 0.50% (September 2019), MoM change: 0.00%, YoY change: 0.00%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS)
Active Listings Latest: 855,678 (August 2019), MoM change: -3.94%, YoY change: -5.79%
New Listings Latest: 334,445 (August 2019), MoM change: -5.46%, YoY change: -6.73%
Home Sales Latest: 330,289 (August 2019), MoM change: +0.33%, YoY change: +2.54%
Latest: 2.60 (August 2019), MoM change: -3.70%, YoY change: -7.14%
Median Days On Market Latest: 40 (August 2019), MoM change: +5.26%, YoY change: +5.26%
Only includes new, privately owned housing units in roughly 20,000 permit issuing places in the U.S. According to the Census Bureau, permit issuing places account for 98% of new construction. The data is not seasonally adjusted.
Latest: 114,300 (September 2019), MoM change: -10.56%, YoY change: +13.84%
Source: U.S. Census Bureau
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