The HomeArea.com Real Estate Market Monitor
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

Built Technologies acquires lienwaivers.io

Jan 21, 2020 via housingwire.com Construction finance software company Built Technologies announced this week that it acquired of lienwaivers.io, a provider of lien waiver management and payment solutions for commercial and residential construction. The post Built Technologies acquires lienwaivers.io appeared first on HousingWire.

How to Sell Your House in 2020

Jan 21, 2020 via redfin.com So, you've evaluated your finances, thought about your lifestyle and made the big decision to sell your home. Maybe you're downsizing because the kids have finally left the nest, or you've gotten a job in a new city and need to relocate, or maybe you've just retired and want to head south to warmer climates. … How to Sell Your House in 2020 Read More >> The post How to Sell Your House in 2020 appeared first on Redfin Blog.

Housing market falling short by nearly 4 million homes as demand grows

Jan 21, 2020 via cnbc.com Homebuilding took a sharp turn higher to end 2019, but it is far from enough to satisfy the current demand. The U.S. housing market is short nearly 4 million homes, according to a new analysis from realtor.com.

Home prices climb 6.9% in December

Jan 21, 2020 via housingwire.com In December, home sale-prices climbed 6.9% year-over-year, rising to a median of $312,5000 across 217 housing markets, according to new data from Redfin. The post Home prices climb 6.9% in December appeared first on HousingWire.

White House announces two Fed nominations

Jan 21, 2020 via housingwire.com The White House announced the nomination of two people to the Federal Reserve Board of Governors, positions that will give them the clout to direct monetary policy and influence the direction of mortgage rates. The post White House announces two Fed nominations appeared first on HousingWire.

Four stocks traders are picking to capitalize on the US homebuilding boom

Jan 21, 2020 via cnbc.com PulteGroup, KB Home, Home Depot and Lowe's are traders' top picks for investors looking to buy into the U.S. homebuilding boom.

For-Sale Housing Inventory Falls to New Lows With No Signs of Slowing (December 2019 Market Report)

Jan 20, 2020 via zillow.com The housing market at the end of 2019 looked markedly different than the end of 2018, with inventory gains giving way to the lowest levels on record. The post For-Sale Housing Inventory Falls to New Lows With No Signs of Slowing (December 2019 Market Report) appeared first on Zillow Research.

RE/MAX: The December housing market broke records

Jan 20, 2020 via housingwire.com RE/MAX released its National Housing Report for December 2019, which revealed that the month posted a record finish to a year and the decade. The post RE/MAX: The December housing market broke records appeared first on HousingWire.

Offerpad launches in two new markets

Jan 20, 2020 via housingwire.com Offerpad announced on Monday that it is now available in Jacksonville, Florida and Birmingham, Alabama. The latter market will feature Keller Offers powered by Offerpad. The post Offerpad launches in two new markets appeared first on HousingWire.

Here's how to use Fleq to buy a home without a mortgage

Jan 20, 2020 via housingwire.com You asked, and we answered. A Pittsburgh startup company is introducing a new way to look at homeownership, and it creating quite a stir. But after our first Q&A with the company, readers still had more questions. Here are more answers to exactly how a no-mortgage home buying process would look. The post Here's how to use Fleq to buy a home without a mortgage appeared first on HousingWire.

Multifamily market expected to grow in 2020

Jan 20, 2020 via housingwire.com According to a new report from RealPage, the U.S. apartment market is set to receive more new units in 2020 than it has in any of the last 30 years. The post Multifamily market expected to grow in 2020 appeared first on HousingWire.

First-time buyers catch a break, NAR's Yun says

Jan 20, 2020 via housingwire.com Instead of having just enough income to buy a median-priced starter home, first-time buyers now have a small buffer because of low rates, according to Lawrence Yun, chief economist of NAR. The post First-time buyers catch a break, NAR's Yun says appeared first on HousingWire.

Mortgage Tech Rundown: Blend, ReverseVision, and Docutech

Jan 20, 2020 via housingwire.com Today's Mortgage Tech Rundown focuses on the latest product and software developments, integrations and more from companies like Blend, ReverseVision, and Docutech. The post Mortgage Tech Rundown: Blend, ReverseVision, and Docutech appeared first on HousingWire.

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.

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.

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.

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.

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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