The HomeArea.com Real Estate Market Monitor
Key Metrics and News for the Housing Industry in One Place

Market Indexes for October 2019

Months Supply

-11.76% YoY

At 3 (-6.25% MoM)
Historical

New Listings

-5.18% YoY

At 299,707 (-3.46% MoM)
Historical

Homes For Sale

-9.09% YoY

At 818,247 (-3.61% MoM)
Historical

New Construction

+15.63% YoY

At 131,700 (+14.62% MoM)
Historical

Home Sales

+1.00% YoY

At 269,239 (+0.28% MoM)
Historical

Sale Price

+5.39% YoY

At $313,000 (+1.29% MoM)
Historical

Sale Price Per Sqft

+1.71% YoY

At $178 (-2.20% MoM)
Historical

30yr-Fixed Mortgage

-23.60% YoY

At 3.69% (+2.22% MoM)
Historical

Headlines

Mortgage credit eases in November, MBA says

Dec 5, 2019 via housingwire.com It became easier to get a mortgage in November, according to data published Thursday by Mortgage Bankers Association. The post Mortgage credit eases in November, MBA says appeared first on HousingWire.

What Are These Black Stains on the Walls? Understanding Ghosting on Walls vs. Mold

Dec 5, 2019 via redfin.com If you've noticed stains on the walls that seem to follow the framing of the house, don't worry, they might not necessarily be mold. The problem is called "ghosting" or "thermal bridging," and here's how to recognize and repair it. The post What Are These Black Stains on the Walls? Understanding Ghosting on Walls vs. Mold appeared first on Redfin Blog.

FHA reverse mortgage limit set to rise in 2020

Dec 5, 2019 via housingwire.com Just as it did with forward mortgages, the Federal Housing Administration is increasing its maximum claim amount for reverse mortgages for 2020. The post FHA reverse mortgage limit set to rise in 2020 appeared first on HousingWire.

Zumper: U.S. rent price growth slows in December

Dec 4, 2019 via housingwire.com It now costs the typical renter a median of $1,230 and $1,465 to rent the average one- and two-bedroom units, Zumper said in its National Rent Report. While this is a decline from the previous month, it equates to an annual increase of 1.8% and 1.7%, respectively. The post Zumper: U.S. rent price growth slows in December appeared first on HousingWire.

Essential Home Safety Tips for the Holiday Season

Dec 4, 2019 via redfin.com The holidays can be a magical time, as long as you stay safe during them. Keep these home safety tips in mind this winter as you enjoy the festivities. The post Essential Home Safety Tips for the Holiday Season appeared first on Redfin Blog.

Millennial refinances hit new high in October

Dec 4, 2019 via housingwire.com The share of refinances closed by Millennials increased in October to an all new high, according to the latest Ellie Mae Millennial Tracker report. Ellie Mae explained that heading into 2020, lenders should proactively reach out to prospective Millennial homebuyers. The post Millennial refinances hit new high in October appeared first on HousingWire.

Steve Case: The 230 cities that lost HQ2 'perhaps can create the next Amazon'

Dec 4, 2019 via cnbc.com According to AOL co-founder Steve Case, the 230 cities that lost out learned they can jump-start their economies by developing start-up ecosystems.

Millennial areas lag in new construction growth

Dec 4, 2019 via housingwire.com Construction is strongest in Millennial areas, but growth in these areas has begun to lag, according to a report from the National Association of Home Builders. And there have been two consecutive quarters of declines in the second and third quarter this year for single-family construction in these areas. The post Millennial areas lag in new construction growth appeared first on HousingWire.

Employers put the brakes on hiring

Dec 4, 2019 via housingwire.com Private sector employment increased by only 67,000 jobs, dropping 45% from the prior month's pace, according to the jobs report issued on Wednesday. The post Employers put the brakes on hiring appeared first on HousingWire.

M&G suspends UK's biggest commercial property fund

Dec 4, 2019 via cnbc.com Investors have been unable to withdraw cash from midday Wednesday.

Redfin Unveils the Best Canadian Cities for Biking

Dec 4, 2019 via redfin.com Victoria, Vancouver and Montreal top Redfin's first-ever ranking of bikeable cities in Canada. The post Redfin Unveils the Best Canadian Cities for Biking appeared first on Redfin Blog.

Redfin Unveils the Best U.S. Cities for Biking in 2020

Dec 4, 2019 via redfin.com Minneapolis tops the list--check out the other most bike-friendly cities in the U.S. The post Redfin Unveils the Best U.S. Cities for Biking in 2020 appeared first on Redfin Blog.

Affordable housing: These cities take the smallest salaries to buy a house

Dec 4, 2019 via themortgagereports.com Want to buy a house without breaking the bank? Then head to Oklahoma City.

Weekly mortgage applications drop 9% as refinances pull back

Dec 4, 2019 via cnbc.com The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week.

Harsh housing forecast for 2020, especially in these big cities

Dec 4, 2019 via cnbc.com Home sales will drop, the housing shortage could become the worst in U.S. history, and in some major cities home values will shrink. That is the crux of the 2020 forecast from researchers at realtor.com.

Compass seeks arbitration to end Realogy lawsuit

Dec 3, 2019 via housingwire.com Real estate brokerage Compass wants to talk things out with Realogy, the largest U.S. brokerage, to bring their six-month legal war to an end. The post Compass seeks arbitration to end Realogy lawsuit appeared first on HousingWire.

Airbnb has removed thousands of listings in Boston as new rule takes effect

Dec 3, 2019 via cnbc.com Boston's crackdown on Airbnb listings comes amid a wave of similar laws proposed in cities around the world. Such regulations could put a dent in the business model of one of the last tech darlings of the decade that has yet to go public.

Hedge fund billionaire buys Florida mansion for $111 million, setting new state record

Dec 3, 2019 via cnbc.com The founder of New York-based hedge fund Schonfeld Strategic Advisors closed on the six acre-estate known as La Reverie Tuesday.

Fed considers raising inflation target, which could lead to higher interest rates

Dec 2, 2019 via housingwire.com The Federal Reserve is considering a policy change that could result in higher inflation and higher interest rates. The post Fed considers raising inflation target, which could lead to higher interest rates appeared first on HousingWire.

Amazon's HQ2 making waves in Washington-area housing

Dec 2, 2019 via housingwire.com With over a year in the rearview mirror, Realtor.com released a report recently on the effect the news of Amazon's HQ2 had on surrounding housing markets. The post Amazon’s HQ2 making waves in Washington-area housing appeared first on HousingWire.

Builders are coming to the housing market's rescue

Dec 2, 2019 via housingwire.com A housing market stymied by supply shortages will get relief next year from homebuilders, according to the National Association of Realtors. The post Builders are coming to the housing market's rescue appeared first on HousingWire.

U.S. construction spending declines 0.8% in October

Dec 2, 2019 via housingwire.com During the first ten months of 2019, U.S. construction spending amounted to $1.087 trillion, which is 1.7% below last year's rate of $1,105.2 billion, the Census Bureau said. Despite this decline, the organization reports October's construction spending was 1.1% above last year's rate. The post U.S. construction spending declines 0.8% in October appeared first on HousingWire.

More listings are coming; is this the answer to the housing inventory struggle?

Dec 2, 2019 via themortgagereports.com Thanks to what experts are dubbing "The Silver Tsunami," the country's housing inventory woes may soon come to an end.

Introducing the HW 2019 Vanguards

Dec 1, 2019 via housingwire.com The HousingWire Vanguard award is one of the top achievements for housing professionals. It recognizes the top shapers, influencers, builders and leaders of the housing industry. The post Introducing the HW 2019 Vanguards appeared first on HousingWire.

Women in Housing

Dec 1, 2019 via housingwire.com Women in leadership share their thoughts on what it means to have work-life balance and what they would tell their 20-year-old selves about working, and participating, in the housing market. The post Women in Housing appeared first on HousingWire.

3 housing trends to watch for in 2020

Dec 1, 2019 via housingwire.com The year 2020 is now upon us, and as we say goodbye to 2019, we welcome a new decade and all the twists and turns it will bring for the housing industry. The post 3 housing trends to watch for in 2020 appeared first on HousingWire.

2019 HW Vanguard: Les Acree

Dec 1, 2019 via housingwire.com Les Acree manages all aspects of Freedom Mortgage's correspondent and wholesale lending operation, which is among the largest in the mortgage industry. The post 2019 HW Vanguard: Les Acree appeared first on HousingWire.

2019 HW Vanguard: Rick Bechtel

Dec 1, 2019 via housingwire.com When Rick Bechtel joined TD Bank in October 2017, the bank's residential lending business was the 88th largest provider of mortgage loans in the country. The post 2019 HW Vanguard: Rick Bechtel appeared first on HousingWire.

2019 HW Vanguard: John Berkowitz

Dec 1, 2019 via housingwire.com John Berkowitz is leading a transformation within the real estate industry through OJO Labs' AI technology that conducts text conversations with consumers at scale and serves as a powerful digital assistant for home buyers and sellers. The post 2019 HW Vanguard: John Berkowitz appeared first on HousingWire.

2019 HW Vanguard: Doug Bibby

Dec 1, 2019 via housingwire.com Doug Bibby has worked in the real estate industry for his entire career, including helming the apartment industry's trade association, the National Multifamily Housing Council, for nearly two decades. The post 2019 HW Vanguard: Doug Bibby appeared first on HousingWire.

2019 HW Vanguard: Gary Beasley

Dec 1, 2019 via housingwire.com As co-founder and CEO of Roofstock, Gary Beasley is leading Roofstock into new, innovative spaces, continuing to position it as a leader in the fintech and real estate investment space. The post 2019 HW Vanguard: Gary Beasley appeared first on HousingWire.

2019 HW Vanguard: Sanjiv Das

Dec 1, 2019 via housingwire.com Sanjiv Das is a senior financial executive with 30 years of extensive experience in consumer banking and capital markets. As an executive with a global perspective, Das has successfully led numerous companies in both growth and turnaround positions. The post 2019 HW Vanguard: Sanjiv Das appeared first on HousingWire.

2019 HW Vanguard: Eric Drattell

Dec 1, 2019 via housingwire.com Over the past year, Eric Drattell has led the team at Roostify that is responsible for the certification of Roostify's platform designed to ensure compliance with the Americans with Disabilities Act. The post 2019 HW Vanguard: Eric Drattell appeared first on HousingWire.

2019 HW Vanguard: Darius Bozorgi

Dec 1, 2019 via housingwire.com Over the last 12 months, Darius Bozorgi finalized a deal with the U.S. Department of Veterans Affairs to awarded its Appraisal Management Services contract to Veros. Through the contract, Veros will now provide appraisal solutions as part of VA Home Loan Guaranty program. The post 2019 HW Vanguard: Darius Bozorgi appeared first on HousingWire.

2019 HW Vanguard: Vicki Chenault

Dec 1, 2019 via housingwire.com For the last 22 years, Vicki Chenault has held various leadership roles at CoreLogic. Since she became a mortgage professional in 1987, Chenault has helped propel the entire industry forward through technology and digitization. The post 2019 HW Vanguard: Vicki Chenault appeared first on HousingWire.

2019 HW Vanguard: Sarah DeCiantis

Dec 1, 2019 via housingwire.com Sarah DeCiantis is the catalyst behind United Wholesale Mortgage's strategic approach to marketing, which has helped the company become the No. 1 wholesale lender in the U.S. for four straight years. The post 2019 HW Vanguard: Sarah DeCiantis appeared first on HousingWire.

2019 HW Vanguard: Mark Hanson

Dec 1, 2019 via housingwire.com Mark Hanson's leadership was essential to the successful 2019 launch of the Uniform Mortgage-Backed Security, the most significant change to the $4 trillion To-Be-Announced market in a generation. The post 2019 HW Vanguard: Mark Hanson appeared first on HousingWire.

The best Black Friday deals for appliances, tech, home improvement, and more

Nov 29, 2019 via themortgagereports.com It's Black Friday, and if you're looking to fix up or redecorate your house, there are dozens of discounts, specials, and day-only doorbusters to help.

Pending home sales fall 1.7% in October, as housing shortage worsens

Nov 27, 2019 via cnbc.com Demand for housing is high, but there aren't enough homes for sale to meet it. Pending home sales fell 1.7% in October month-to-month, according to the National Association of Realtors.

Refinancing makes up half of all mortgage activity; ARMs rise, too

Nov 27, 2019 via themortgagereports.com It's no secret that refinancing has surged in recent months. But according to new data, it's actually making up more than half of all closed mortgage loans.

Weekly mortgage refinance applications surge as rates remain below 4% for the second straight week

Nov 27, 2019 via cnbc.com Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise. Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week.

Mortgage Rates Remain Steady -- For Now

Nov 26, 2019 via zillow.com Mortgage rates held mostly steady in the leadup to the long Thanksgiving weekend. The post Mortgage Rates Remain Steady -- For Now appeared first on Zillow Research.

Mortgage Rates Remain Steady -- For Now

Nov 26, 2019 via zillow.com Mortgage rates held mostly steady in the leadup to the long Thanksgiving weekend. The post Mortgage Rates Remain Steady -- For Now appeared first on Zillow Research.

Mortgage Rates Remain Steady -- For Now

Nov 26, 2019 via zillow.com Mortgage rates held mostly steady in the leadup to the long Thanksgiving weekend. The post Mortgage Rates Remain Steady -- For Now appeared first on Zillow Research.

September Case-Shiller Results and October Forecast: Steady as She Goes

Nov 26, 2019 via zillow.com The S&P CoreLogic Case-Shiller U.S. National Home Price Index(R) rose 3.2% year-over-year in September (non-seasonally adjusted), up from 3.1% in August. The post September Case-Shiller Results and October Forecast: Steady as She Goes appeared first on Zillow Research.

October New Home Sales: Reinforcing the Trend

Nov 26, 2019 via zillow.com October new home sales stood at 733,000 (SAAR), according the U.S. Census Bureau, down 0.7% from upwardly revised September numbers but up 31.6% from a year ago. The post October New Home Sales: Reinforcing the Trend appeared first on Zillow Research.

Home price gains accelerate in September, S&P Case-Shiller Index says

Nov 26, 2019 via cnbc.com On a national level, prices rose 3.2% annually in September, up from a 3.1% gain in August, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.

Paying off your mortgage vs. investing: Here's what could save you the most

Nov 26, 2019 via themortgagereports.com Thinking of investing that windfall in the stock market, rather than paying off your mortgage? You may want to think again.

Redfin's 2020 Housing Market Predictions: More buyers + fewer homes = more bidding wars

Nov 25, 2019 via redfin.com We predict the housing market will be more competitive in 2020 as the cooldown that began in the second half of 2018 comes to an end. Charleston and Charlotte will lead the nation in home-price gains, thanks to homebuyers moving in from expensive cities. Hispanic Americans will experience the biggest gains in home equity wealth. … Redfin's 2020 Housing Market Predictions: More buyers + fewer homes = more bidding wars Read More >> The post Redfin's 2020 Housing Market Predictions: More buyers + fewer homes = more bidding wars appeared first on Redfin Blog.

In a bidding war? Here's how you can win it

Nov 25, 2019 via themortgagereports.com Finding yourself in a bidding war can be a big disappointment -- especially if you had your heart set on the home. Here are three sure-fire ways to win out.

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 (October 2019), MoM change: +1.29%, YoY change: +5.39%

Source: Redfin.com

Sale Price Per Square Foot

Median Price Per Square Foot Latest: $178 (October 2019), MoM change: -2.20%, YoY change: +1.71%

Source: Redfin.com

Sale to List Price

Latest: 97.86% (October 2019), MoM change: +0.12%, YoY change: +0.17%

Source: Redfin.com

Sold Above List Price

Latest: 21.32% (October 2019), MoM change: -3.34%, YoY change: -0.61%

Source: Redfin.com

Price Changes

Price Drops Latest: 29.05% (October 2019), MoM change: +5.30%, YoY change: -2.30%

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: 3.70% (November 2019), MoM change: +0.27%, YoY change: -24.02%

Points Latest: 0.60% (November 2019), MoM change: 0.00%, YoY change: +20.00%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS)

Listings

Active, New, and Sold Listings

Active Listings Latest: 818,247 (October 2019), MoM change: -3.61%, YoY change: -9.09%

New Listings Latest: 299,707 (October 2019), MoM change: -3.46%, YoY change: -5.18%

Home Sales Latest: 269,239 (October 2019), MoM change: +0.28%, YoY change: +1.00%

Source: Redfin.com

Months Supply

Latest: 3 (October 2019), MoM change: -6.25%, YoY change: -11.76%

Source: Redfin.com

Days on Market

Median Days On Market Latest: 44 (October 2019), MoM change: +4.76%, YoY change: 0.00%

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: 131,700 (October 2019), MoM change: +14.62%, YoY change: +15.63%

Source: U.S. Census Bureau

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