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Key Metrics and News for the Housing Industry in One Place

Market Indexes for December 2019

Months Supply

-23.53% YoY

At 2.60 (-16.13% MoM)
Historical

New Listings

-4.15% YoY

At 158,797 (-28.64% MoM)
Historical

Homes For Sale

-14.94% YoY

At 646,824 (-14.61% MoM)
Historical

New Construction

+11.08% YoY

At 107,300 (-0.19% MoM)
Historical

Home Sales

+12.96% YoY

At 253,399 (+4.55% MoM)
Historical

Sale Price

+7.19% YoY

At $313,000 (+0.64% MoM)
Historical

Sale Price Per Sqft

+3.64% YoY

At $171 (-2.29% MoM)
Historical

30yr-Fixed Mortgage

-19.83% YoY

At 3.72% (+0.54% MoM)
Historical

Headlines

It's bad news for renters -- especially in these high-rent cities

Jan 20, 2020 via themortgagereports.com There's more bad news for renters. According to the latest data, rents rose yet again in 91% of the country's biggest cities.

Inequality is the 'root cause of the problem' in Hong Kong amid prolonged unrest, says investor

Jan 20, 2020 via cnbc.com Many people in Hong Kong cannot afford proper housing and the city needs to do more to help them, says David Kuo from The Smart Investor.

Got money troubles? Take this major step to ease your financial stress

Jan 18, 2020 via cnbc.com If you have money troubles, understanding your priorities and setting short- and long-term financial goals is key to turning things around so you can get on a firm financial footing that will continue into retirement.

Here are 5 renovation mistakes to avoid for resale

Jan 17, 2020 via housingwire.com Homeowners may want to tap the breaks on those trendy white Carrara marble countertops if they're looking to get a return on investment for renovations. The post Here are 5 renovation mistakes to avoid for resale appeared first on HousingWire.

California's median home price jumps 10% to $615,090

Jan 17, 2020 via housingwire.com The median price for a single-family home in California jumped 10% in December, the biggest year-over-year gain in more than four years. The post California's median home price jumps 10% to $615,090 appeared first on HousingWire.

U.S. homebuilding is booming. Here's how to trade it

Jan 17, 2020 via cnbc.com Craig Johnson, senior technical research analyst at Piper Sandler, and Danielle Shay, director of options at Simpler Trading, talk the housing starts surge with CNBC's Eric Chemi.

NAR: The most and least affordable metro areas in the U.S.

Jan 17, 2020 via housingwire.com Three of the nation's top five affordable metro areas were in Illinois. All of the nation's five least affordable metro areas were in California, including Los Angeles. The post NAR: The most and least affordable metro areas in the U.S. appeared first on HousingWire.

Here's a breakdown of December housing starts

Jan 17, 2020 via cnbc.com ITB, the home construction ETF, hit an 18-year high thanks to December housing starts. CNBC's Diana Olick reports.

Housing Headlines: Gateway First Bank and Zillow Offers

Jan 17, 2020 via housingwire.com Housing Headlines takes a look at the latest news in housing, real estate, fintech, and beyond; featuring new product updates, launches, expansions, integrations, announcements, and more. The post Housing Headlines: Gateway First Bank and Zillow Offers appeared first on HousingWire.

Housing starts soar to a 13-year high

Jan 17, 2020 via housingwire.com Housing starts spiked 16.9% in December to a seasonally adjusted annual rate of 1.608 million and the pace for November was revised upward, according to the Department of Housing and Urban Development and the Department of Commerce. The post Housing starts soar to a 13-year high appeared first on HousingWire.

US housing starts jump 40% annually, the highest in 13 years

Jan 17, 2020 via cnbc.com CNBC's Diana Olick reports on a blockbuster number for US housing starts to end 2019.

December Housing Starts: Capping Off the Best Year Since 2007

Jan 17, 2020 via zillow.com December housing starts rose 16.9 percent from November and 40.8 percent from a year ago, to slightly more than 1.6 million (SAAR) -- the highest level since December 2006. The post December Housing Starts: Capping Off the Best Year Since 2007 appeared first on Zillow Research.

Housing starts jumped to 13-year high in December

Jan 17, 2020 via cnbc.com CNBC's Rick Santell and Diana Olick break down December housing starts and building permits data.

US Home Prices Up 7% in December

Jan 17, 2020 via redfin.com A record shortage of homes for sale drove prices up on a monthly and annual basis. U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500 across the 217 metros Redfin tracks. Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February … US Home Prices Up 7% in December Read More >> The post US Home Prices Up 7% in December appeared first on Redfin Blog.

Recovery Riches: The U.S. Housing Market Gained $11 Trillion in Value in the 2010s

Jan 16, 2020 via zillow.com The combined value of every residential home in the United States was $33.6 trillion at the end of 2019, up 3.4% ($1.1 trillion) from a year ago and 51% ($11.3 trillion) from the start of the decade. The post Recovery Riches: The U.S. Housing Market Gained $11 Trillion in Value in the 2010s appeared first on Zillow Research.

Fewer U.S. homeowners moved in 2019 than ever before

Jan 16, 2020 via housingwire.com What do Americans do when so few new homes are being built? Remodel, according to the latest report for Buildfax. The post Fewer U.S. homeowners moved in 2019 than ever before appeared first on HousingWire.

It's time to get more excited about the Chinese property sector, JP Morgan says

Jan 16, 2020 via cnbc.com New home prices in China have been growing at a slower pace amid broader government measures to curb speculative buying.

Home renovation boom expected to weaken in 2020

Jan 16, 2020 via housingwire.com U.S. homeowners are expected to spend less on home improvement and repairs over the next year, according to Harvard's Joint Center for Housing Studies. The post Home renovation boom expected to weaken in 2020 appeared first on HousingWire.

Home prices driving home remodeling: KeyBanc Capital's Ken Zener

Jan 16, 2020 via cnbc.com Ken Zener, KeyBanc Capital Markets, joins 'The Exchnage' to discuss the impact a homebuilder slowdown is having on building product stocks.

Home remodeling sees a slowdown--Here's why

Jan 16, 2020 via cnbc.com A weakness in home sales has hit the remodel market. CNBC's Diana Olick reports.

Foreclosure filings fell to a record low in 2019

Jan 16, 2020 via housingwire.com Foreclosure filings fell to a record low in 2019, according to an ATTOM Data Solutions report. At the same time, foreclosure starts increased in 14 states. The post Foreclosure filings fell to a record low in 2019 appeared first on HousingWire.

Homebuilder confidence weakens in January

Jan 16, 2020 via housingwire.com Thanks to labor and supply concerns, homebuilder confidence slipped by one point to 75 this month, according to January's Housing Market Index. The post Homebuilder confidence weakens in January appeared first on HousingWire.

Housing market index beats expectations in January

Jan 16, 2020 via cnbc.com CNBC's Diana Olick reports on housing market index numbers for the month of January, which came in at 75, vs. 74 expected.

Mortgage rates inch forward to 3.65%

Jan 16, 2020 via housingwire.com The average U.S. fixed rate for a 30-year mortgage averaged 3.65% this week, according to the Freddie Mac Primary Mortgage Market Survey. The post Mortgage rates inch forward to 3.65% appeared first on HousingWire.

Homebuilder optimism slips slightly to start 2020 but is still high

Jan 16, 2020 via cnbc.com High demand and low supply are a profitable mix for the nation's single-family homebuilders.

Weakness in home sales hits remodel market

Jan 16, 2020 via cnbc.com CNBC's Diana Olick reports on why home remodeling is slowing down.

WeWork only signed four new leases in its fourth quarter

Jan 16, 2020 via cnbc.com WeWork only signed four new leases in the U.S. in the fourth quarter, as the company reeled in expenses following a SoftBank-led bailout. CNBC's "Squawk Box" crew reports.

4 key questions to ask now before you decide to refinance your mortgage

Jan 16, 2020 via cnbc.com With 30-year mortgage rates at historic lows, more homeowners are refinancing. But before you sign on the dotted line, ask yourself these four key questions.

Real estate risks must be priced into investment process, analyst says

Jan 16, 2020 via cnbc.com Will Robson, executive director and global head of real estate solutions research at MSCI, discusses real estate trends for 2020.

China's property sector deserves attention as it is the Chinese economy 'weak spot': Economist

Jan 16, 2020 via cnbc.com Neil Shearing from Capital Economics describes the "central" role that the property market plays in the Chinese economy, and how it should not be overlooked despite the spotlight being on the U.S.-China trade deal.

China's real estate market is still going through deleveraging: JP Morgan

Jan 15, 2020 via cnbc.com Default risks and moral hazard are considered a "policy-driven experiment" in the Chinese real estate sector, says Howard Wang from JP Morgan Asset Management.

Mortgage Rates Largely Shrug Off Jobs Report, Trade News

Jan 15, 2020 via zillow.com Significant economic data releases and major geopolitical headlines failed to substantially alter investor behavior, leaving mortgage rates to move only within a narrow range. The post Mortgage Rates Largely Shrug Off Jobs Report, Trade News appeared first on Zillow Research.

NerdWallet: Here are the top mortgage lenders of 2020

Jan 15, 2020 via housingwire.com NerdWallet has announced the winners of its 2020 Best Mortgage Lenders list, ranking the nation's top mortgage lenders by their ability to best assist homebuyers with their financial decisions while purchasing a home. The post NerdWallet: Here are the top mortgage lenders of 2020 appeared first on HousingWire.

Reali adds new features to app, plans to continue expanding

Jan 15, 2020 via housingwire.com Real estate technology company Reali announced Wednesday that it has made an update to its app, and now claims that the app is the "first in the real estate industry - and the app is the only one of its kind" that services homebuyers and sellers in a single app. The post Reali adds new features to app, plans to continue expanding appeared first on HousingWire.

Want to live in a big city on a small budget?

Jan 15, 2020 via housingwire.com As city living isn't exactly getting cheaper, realtor.com found some cities that have affordable surrounding neighborhoods. The post Want to live in a big city on a small budget? appeared first on HousingWire.

Big banks did big mortgage business in the fourth quarter

Jan 15, 2020 via housingwire.com While the tallying up isn't quite done yet, all indications are that 2019 will end up being a very good year for the mortgage business. That was clearly seen at Wells Fargo, JPMorgan Chase, Bank of America, and Citigroup, which all saw their respective mortgage originations rise in each quarter of 2019 The post Big banks did big mortgage business in the fourth quarter appeared first on HousingWire.

Homebuyer demand hits highest level in 11 years

Jan 15, 2020 via cnbc.com Purchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers Association data. Refinance applications jumped 43% for the week and were 109% higher than one year ago. CNBC's Diana Olick reports.

Here are mistakes millionaires make when selling homes

Jan 15, 2020 via cnbc.com Aaron Kirman, star of CNBC's 'Listing Impossible,' joins "The Exchange" to discuss some of the biggest mistakes he sees when people try to sell million-dollar homes.

UBS: Fed may cut rate three times in 2020

Jan 15, 2020 via housingwire.com Conventional wisdom says the Federal Reserve won't cut rates during an election year. However, we don't live in conventional times. UBS is predicting three rate cuts in 2020. The post UBS: Fed may cut rate three times in 2020 appeared first on HousingWire.

These are the cities and states Americans are moving to (No. 1 might surprise you!)

Jan 15, 2020 via themortgagereports.com Think Americans are moving toward populated states like New York, Texas and California? Think again. This is the new top spot for movers.

Weekly mortgage applications soar 30% as homebuyer demand hits the highest level in 11 years

Jan 15, 2020 via cnbc.com Purchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers Association data.

MBA: Mortgage applications spike 30.2%

Jan 15, 2020 via housingwire.com Mortgage applications spiked 30.2% from last week, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey. The post MBA: Mortgage applications spike 30.2% appeared first on HousingWire.

9 Cost-Efficient Ways to Heat Your Home This Winter

Jan 14, 2020 via redfin.com While winter brings the holidays, sweaters and scarves, and cozy nights curled up by the fire, this blustery season also brings higher heating costs. Want to know the cheapest way to heat a home and how to make it as energy-efficient as possible? We've collected the 9 best ways to keep your home warm without … 9 Cost-Efficient Ways to Heat Your Home This Winter Read More >> The post 9 Cost-Efficient Ways to Heat Your Home This Winter appeared first on Redfin Blog.

Blue Sage creates new position, brings on David Aach as COO

Jan 14, 2020 via housingwire.com Digital lending platform Blue Sage announced it has hired David Aach as its new, and first, chief operating officer. The post Blue Sage creates new position, brings on David Aach as COO appeared first on HousingWire.

LenderClose continues growth with 3 new hires

Jan 14, 2020 via housingwire.com Fintech startup, LenderClose, has added two operations specialists and a software engineer. This comes after a 2019 full of hiring. The post LenderClose continues growth with 3 new hires appeared first on HousingWire.

Amy Volas to headline engage.talent summit

Jan 14, 2020 via housingwire.com Named Sales Hacker's Most Dynamic Woman in Sales in 2019, Volas won accolades as a top sales performer at Indeed and as a National Account Director for both Yahoo and ZipRecruiter. The post Amy Volas to headline engage.talent summit appeared first on HousingWire.

NAR's pocket-listing ban is a boon to OfferAI

Jan 14, 2020 via housingwire.com The National Association of Realtor's pocket-listing ban that goes into effect on May 1 will be a boon to OfferAI, an iBuying tech startup. The post NAR's pocket-listing ban is a boon to OfferAI appeared first on HousingWire.

CoreLogic: Expect home prices to rise 5% by next November

Jan 14, 2020 via housingwire.com In November, home prices climbed by 3.7% from the previous year, according to CoreLogic's latest Home Price Forecast. And this is only the beginning of a projected to increase by 5.3% come November 2020. The post CoreLogic: Expect home prices to rise 5% by next November appeared first on HousingWire.

Fannie Mae, Freddie Mac watchdog set to name IPO advisor

Jan 14, 2020 via housingwire.com The FHFA is likely to announce within the next few weeks the name of the IPO advisor for the public offering of Fannie Mae and Freddie Mac shares. The post Fannie Mae, Freddie Mac watchdog set to name IPO advisor appeared first on HousingWire.

Keller Williams launches new real estate listings website

Jan 13, 2020 via housingwire.com Keller Williams launched a redesigned version of its website on January 1, as part of an effort to be more neighborhood-centric in the search for a new home. The post Keller Williams launches new real estate listings website appeared first on HousingWire.

Housing Prices

House Price Index

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: 277.37 (August 2019), MoM change: +0.17%, YoY change: +4.61%

Source: Federal Housing Finance Agency

Sale Prices

Median Sale Price Latest: $313,000 (December 2019), MoM change: +0.64%, YoY change: +7.19%

Source: Redfin.com

Sale Price Per Square Foot

Median Price Per Square Foot Latest: $171 (December 2019), MoM change: -2.29%, YoY change: +3.64%

Source: Redfin.com

Sale to List Price

Latest: 97.44% (December 2019), MoM change: -0.47%, YoY change: +0.31%

Source: Redfin.com

Sold Above List Price

Latest: 19.15% (December 2019), MoM change: -8.06%, YoY change: +3.49%

Source: Redfin.com

Price Changes

Price Drops Latest: 16.69% (December 2019), MoM change: -24.74%, YoY change: +7.20%

Source: Redfin.com

Mortgage Rates

30-Year Fixed-Rate Loans

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: 3.72% (December 2019), MoM change: +0.54%, YoY change: -19.83%

Points Latest: 0.70% (December 2019), MoM change: +16.67%, YoY change: +40.00%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS)

Listings

Active, New, and Sold Listings

Active Listings Latest: 646,824 (December 2019), MoM change: -14.61%, YoY change: -14.94%

New Listings Latest: 158,797 (December 2019), MoM change: -28.64%, YoY change: -4.15%

Home Sales Latest: 253,399 (December 2019), MoM change: +4.55%, YoY change: +12.96%

Source: Redfin.com

Months Supply

Latest: 2.60 (December 2019), MoM change: -16.13%, YoY change: -23.53%

Source: Redfin.com

Days on Market

Median Days On Market Latest: 50 (December 2019), MoM change: +11.11%, YoY change: -3.85%

Source: Redfin.com

New Construction

Housing Units Authorized by Building Permits

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: 107,300 (December 2019), MoM change: -0.19%, YoY change: +11.08%

Source: U.S. Census Bureau

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