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

-26.47% YoY

At 2.50 (-19.35% MoM)
Historical

New Listings

-3.12% YoY

At 162,279 (-28.34% MoM)
Historical

Homes For Sale

-13.75% YoY

At 659,310 (-14.25% MoM)
Historical

New Construction

+11.08% YoY

At 107,300 (-0.19% MoM)
Historical

Home Sales

+15.41% YoY

At 260,751 (+6.33% MoM)
Historical

Sale Price

+6.85% YoY

At $312,000 (+0.65% MoM)
Historical

Sale Price Per Sqft

+4.27% YoY

At $171 (-1.72% MoM)
Historical

30yr-Fixed Mortgage

-19.83% YoY

At 3.72% (+0.54% MoM)
Historical

Headlines

Purchasing a home drives 15% of buyers to tears

Feb 14, 2020 via housingwire.com Purchasing a home can be one of the most stressful financial transactions people ever make, causing about a third of buyers to lose sleep. The post Purchasing a home drives 15% of buyers to tears appeared first on HousingWire.

People Movers: EasyKnock, Zillow and Nextdoor

Feb 14, 2020 via housingwire.com People Movers are updates about the business professionals making waves in the housing and mortgage industries. Here's the latest. The post People Movers: EasyKnock, Zillow and Nextdoor appeared first on HousingWire.

Shaquille O'Neal using Instagram to sell his L.A. mansion

Feb 14, 2020 via housingwire.com Shaq's post has gotten more than 3 million views and over 16,700 comments, including, "Y'all do layaway?" and "I'll play you 1 on 1 for it." The post Shaquille O'Neal using Instagram to sell his L.A. mansion appeared first on HousingWire.

T. Rowe Price's investment in WeWork is their fault: Walter Isaacson

Feb 14, 2020 via cnbc.com CNBC's "Closing Bell" team discusses the problems plaguing WeWork with Walter Isaacson, advisory partner at Perella Weinberg and CNBC contributor, and Mike Isaac, technology reporter with The New York Times.

Forbes names most innovate fintech companies in housing

Feb 14, 2020 via housingwire.com Forbes this week announced the winners of its 5th annual Fintech 50, which it describes as the world's most innovative financial technology companies, and several heavy hitters in housing made the list. The post Forbes names most innovate fintech companies in housing appeared first on HousingWire.

Forbes names most innovative fintech companies in housing

Feb 14, 2020 via housingwire.com Forbes this week announced the winners of its 5th annual Fintech 50, which it describes as the world's most innovative financial technology companies, and several heavy hitters in housing made the list. The post Forbes names most innovative fintech companies in housing appeared first on HousingWire.

Here's which renovation projects create the biggest boost in home resale value

Feb 14, 2020 via cnbc.com CNBC's Diana Olick details which renovation projects will give sellers the best returns in 2020.

These home renovations provide the biggest returns

Feb 14, 2020 via cnbc.com Americans are moving much less frequently. Mobility is actually at a record low. That is fueling strong growth in the home remodeling market. But not all renovation investments yield equal payback.

Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries

Feb 14, 2020 via redfin.com Spokane, Las Vegas, Charlotte and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are … Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries Read More >> The post Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries appeared first on Redfin Blog.

Mortgage rates as we know them may hang on a single Republican vote

Feb 13, 2020 via housingwire.com The independence of monetary policy, which impacts the mortgage rates Americans pay, may hang on a single Republican vote as the Senate vets Fed nominees. The post Mortgage rates as we know them may hang on a single Republican vote appeared first on HousingWire.

Mortgage Tech Rundown: Calyx, Roostify, and Quicken Loans

Feb 13, 2020 via housingwire.com The Mortgage Tech Rundown focuses on the latest product and software developments, integrations and more from companies like Calyx, Roostify, and Quicken Loans. The post Mortgage Tech Rundown: Calyx, Roostify, and Quicken Loans appeared first on HousingWire.

Fannie Mae reports 2019 income of $14.2 billion

Feb 13, 2020 via housingwire.com Fannie Mae, the country's largest mortgage financier, reported Thursday it posted a net income of $14.2 billion for the full-year 2019, according to the company's fourth quarter earnings report. The post Fannie Mae reports 2019 income of $14.2 billion appeared first on HousingWire.

Freddie Mac 4Q earnings double as low rates boost lending

Feb 13, 2020 via housingwire.com Freddie Mac, the second-largest mortgage financier in the U.S., said net income in the fourth quarter more than doubled from a year ago as low rates boosted originations. The post Freddie Mac 4Q earnings double as low rates boost lending appeared first on HousingWire.

First American buying Docutech for $350 million

Feb 13, 2020 via housingwire.com One of the biggest title insurance companies is about to be one giant step closer to enabling fully digital mortgages, as First American announced Thursday morning that it reached an agreement to buy Docutech for $350 million. The post First American buying Docutech for $350 million appeared first on HousingWire.

Mortgage rates inch up slightly from 3-year low

Feb 13, 2020 via housingwire.com The average U.S. fixed rate for a 30-year mortgage inched up to 3.47% this week, reversing course from last week's 3-year low of 3.45%. The post Mortgage rates inch up slightly from 3-year low appeared first on HousingWire.

Crystal Lagoons is disrupting beach-front real estate

Feb 13, 2020 via cnbc.com Crystal Lagoons is building man-made, Caribbean-like lagoons with white sandy beaches and water sports, away from the actual coasts of the U.S. It is a multinational company that has developed and patented new technologies, allowing it to build and maintain crystal clear lagoons of unlimited sizes at a low cost.

Caribbean-like lagoons give homebuyers the benefits of the beach without the risk

Feb 13, 2020 via cnbc.com Crystal Lagoons began building these massive oases in South America and the Middle East, and is now expanding into the U.S. at a fast clip.

Small Business Services chief: Revenues in Chinatown down 40% due to coronavirus

Feb 13, 2020 via cnbc.com Gregg Bishop, commissioner of New York City's Department of Small Business Services, and Jim McGregor, chairman of the greater China region at APCO Worldwide and a former chairman of the American Chamber of Commerce in China, join "Squawk Box" to discuss the business impact of the coronavirus outbreak.

Home Prices Rose 7% in January, Housing Supply Fell 11%

Feb 13, 2020 via redfin.com U.S. home-sale prices increased 6.7% year over year in January to a median of $306,400 across the 217 metros Redfin tracks. The post Home Prices Rose 7% in January, Housing Supply Fell 11% appeared first on Redfin Blog.

30-Minute Movers: How Home Shoppers Enable (or Eliminate) a Half-Hour Commute

Feb 12, 2020 via zillow.com Commute times and working remotely are top of mind for those making decisions about where to live and what home to buy or rent. The post 30-Minute Movers: How Home Shoppers Enable (or Eliminate) a Half-Hour Commute appeared first on Zillow Research.

Ongoing Coronavirus Uncertainty Pushes Mortgage Rates Down

Feb 12, 2020 via zillow.com Mortgage rates fell this week, as fallout from the coronavirus outbreak continued to keep investors on their heels. The post Ongoing Coronavirus Uncertainty Pushes Mortgage Rates Down appeared first on Zillow Research.

GDP may slow to 1.5% in 2020's first quarter

Feb 12, 2020 via housingwire.com Remember when the U.S. economy slowed to a three-year low in 2018's fourth quarter, and everyone started talking about the possibility of a recession? Get ready for a remix. The post GDP may slow to 1.5% in 2020's first quarter appeared first on HousingWire.

Impac Mortgage names new chief production officer

Feb 12, 2020 via housingwire.com Impac Mortgage, which also operates CashCall Mortgage, announced that it hired Brian Robinett as its chief production officer. The post Impac Mortgage names new chief production officer appeared first on HousingWire.

Homebuyers take note: These are the cities where home values will appreciate the most this year

Feb 12, 2020 via themortgagereports.com Want to make sure your home grows in value? Then buy a house in the South. According to new analysis, that's where home values will appreciate the most in 2020.

Mini-mortgage refinance boom continues as coronavirus keeps rates low

Feb 12, 2020 via cnbc.com Mortgage lenders were busy last week, but mostly with current homeowners looking to take advantage of low mortgage rates. Total mortgage application volume increased 1.1% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Low mortgage rates spark refinance boom

Feb 12, 2020 via cnbc.com CNBC's Diana Olick reports on weekly mortgage application data.

Homebuying season definitely started early this year

Feb 12, 2020 via housingwire.com Typically, spring homebuying season starts in earnest as the calendar ticks toward March, but homebuyers are seemingly getting an earlier start this year, perhaps driven into the market by low mortgage rates. Now, a new report shows that spring homebuying season officially began in January this year. The post Homebuying season definitely started early this year appeared first on HousingWire.

There are still opportunities in China's market amid coronavirus outbreak, say UBS

Feb 12, 2020 via cnbc.com Hartmut Issel from UBS Global Wealth Management sees an opportunity in strong BB-rated property developers in China.

More than 70% of Couples Argue Over Home Buying or Selling

Feb 11, 2020 via zillow.com A majority of Americans who have bought or sold a home with a significant other in the past decade say they argued over the home buying process. The post More than 70% of Couples Argue Over Home Buying or Selling appeared first on Zillow Research.

The longest job boom ever is exactly what housing needed

Feb 11, 2020 via housingwire.com Having the longest job and economic expansion after the Great Recession has been a stable force for creating the next wave of first time and move-up homebuyers, HousingWire Columnist Logan Mohtashami writes. The post The longest job boom ever is exactly what housing needed appeared first on HousingWire.

Almost half of homeowners plan to move this decade

Feb 11, 2020 via housingwire.com According to a new survey from LendingTree, apparently 45% of homeowners have plans to move at some point within this decade. The post Almost half of homeowners plan to move this decade appeared first on HousingWire.

Corcoran goes west to open its first franchise

Feb 11, 2020 via housingwire.com Corcoran is opening its first franchise offices in San Francisco, Reno, Nevada, and Tahoe City, California, under the Corcoran Global Living brand. The post Corcoran goes west to open its first franchise appeared first on HousingWire.

The Ultimate Guide to Relocating - Before, During, and After the Move

Feb 11, 2020 via redfin.com So, you've decided to take an exciting new step in your life and relocate. You may be feeling stressed and overwhelmed with the scheduling, packing, and expenses that go into moving - after all, relocating is considered one of the top stressors a person will experience in their life. Whether you're relocating for a job, … The Ultimate Guide to Relocating – Before, During, and After the Move Read More >> The post The Ultimate Guide to Relocating – Before, During, and After the Move appeared first on Redfin Blog.

UBS reportedly racing to curb outflows at landmark real estate fund

Feb 11, 2020 via cnbc.com Hoping to stem the flow, UBS has reportedly offered to cut costs for investors willing to stay in the fund and to forego management fees.

Non-bank mortgage lenders may face more scrutiny from regulators

Feb 11, 2020 via cnbc.com As the housing market heats up, non-bank lending is taking over the mortgage market. Now regulators are raising red flags. David Stevens, former FHA commissioner and former Mortgage Bankers Association president, and Ted Tozer, former president of Ginnie Mae, join CNBC's Diana Olick and "Squawk Box" to discuss.

New-Home Sales Surge in the Fourth Quarter as Inventory Tumbles, Prices Flatten

Feb 11, 2020 via redfin.com New-home sales rose 8.8% year over year in the fourth quarter, the biggest gain in more than two years The post New-Home Sales Surge in the Fourth Quarter as Inventory Tumbles, Prices Flatten appeared first on Redfin Blog.

Goldman Sachs predicts jobless rate will fall to 67-year low

Feb 10, 2020 via housingwire.com Call it an "I Love Lucy" rate. Goldman Sachs Chief Economist Jan Hatzius said in a note to clients on Monday that he thinks the U.S. unemployment rate will fall to 3.25% by the end of 2020. The post Goldman Sachs predicts jobless rate will fall to 67-year low appeared first on HousingWire.

Home Point Financial names first chief experience officer

Feb 10, 2020 via housingwire.com Ginger Wilcox has been named as Home Point Financial's first chief experience officer. Wilcox will be focusing on innovation and growth. The post Home Point Financial names first chief experience officer appeared first on HousingWire.

Front-loading is the next big step for digital mortgages

Feb 10, 2020 via housingwire.com The digital mortgage has come a long way over the past few years, but one expert says the next big step will be the front-loading of the origination and funding processes using predictive algorithms. The post Front-loading is the next big step for digital mortgages appeared first on HousingWire.

DOJ says China's military was behind massive Equifax breach

Feb 10, 2020 via housingwire.com The Department of Justice says it knows who was behind the 2017 hack of Equifax that exposed Social Security numbers and other personal data of almost half the U.S. population: China's military. The post DOJ says China's military was behind massive Equifax breach appeared first on HousingWire.

Everybody loves Phoenix - popular metros to move to

Feb 10, 2020 via housingwire.com A chunk of home-searchers looked to move to another metro in the fourth quarter of 2019, 26% in fact, compared to 25% in the same period the year before. The post Everybody loves Phoenix – popular metros to move to appeared first on HousingWire.

Borrowers save big by comparing mortgage offers

Feb 10, 2020 via housingwire.com As rates continue to hover near historic lows, LendingTree indicates borrowers are reaping significant saving benefits just by comparing mortgage offers. Find out which markets have the biggest savings here. The post Borrowers save big by comparing mortgage offers appeared first on HousingWire.

Cramer: Here's why malls in America might not be dead after all

Feb 10, 2020 via cnbc.com "I guess I'm just too negative on the thing I'm most negative about ... the future of the mall," CNBC's Jim Cramer said Monday.

Q4 showed luxury home price growth

Feb 10, 2020 via housingwire.com While this growth may seem large - 4%, in fact - it hasn't caught up with the outsized growth of recent years, according to a new study from Redfin. The post Q4 showed luxury home price growth appeared first on HousingWire.

WeWork chairman says it's 'totally false' that ousted CEO Adam Neumann left with $1 billion

Feb 10, 2020 via cnbc.com WeWork Executive Chairman Marcelo Claure said that Neumann didn't walk away with the over $1 billion package that was estimated.

Why FICO's new scoring model may not mean much for consumers

Feb 10, 2020 via cnbc.com Although a new scoring model from FICO will be available at the three large credit-reporting firms by the end of the year, consumers shouldn't expect the score that lenders use to change anytime soon.

Watch CNBC's full interview with WeWork Executive Chairman Marcelo Claure

Feb 10, 2020 via cnbc.com Marcelo Claure, executive chairman of WeWork, sits down with CNBC's Andrew Ross Sorkin to discuss the company's turnaround plan, former CEO Adam Neumann's departure, the appointment of Sandeep Mathrani as the new CEO and more.

WeWork executive: Ousted CEO Adam Neumann didn't walk away with $1 billion

Feb 10, 2020 via cnbc.com WeWork Executive Chairman Marcelo Claure told CNBC's Andrew Ross Sorkin on Monday that the company's ousted CEO Adam Neumann didn't walk away with the over $1 billion package that was estimated.

Redfin Unveils the Most Walkable U.S. Cities of 2020

Feb 10, 2020 via redfin.com New York tops the list - see which other cities round out the top 10. The post Redfin Unveils the Most Walkable U.S. Cities of 2020 appeared first on Redfin Blog.

Redfin Unveils the Most Walkable Canadian Cities of 2020

Feb 10, 2020 via redfin.com Vancouver tops the list - see which other cities round out the top five. The post Redfin Unveils the Most Walkable Canadian Cities of 2020 appeared first on Redfin Blog.

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: $306,000 (January 2020), MoM change: -1.92%, YoY change: +6.62%

Source: Redfin.com

Sale Price Per Square Foot

Median Price Per Square Foot Latest: $177 (January 2020), MoM change: +3.51%, YoY change: +3.51%

Source: Redfin.com

Sale to List Price

Latest: 97.67% (January 2020), MoM change: -0.16%, YoY change: +0.29%

Source: Redfin.com

Sold Above List Price

Latest: 18.68% (January 2020), MoM change: -5.25%, YoY change: +5.89%

Source: Redfin.com

Price Changes

Price Drops Latest: 21.55% (January 2020), MoM change: +30.86%, YoY change: -3.06%

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: 657,765 (January 2020), MoM change: -0.23%, YoY change: -15.39%

New Listings Latest: 269,444 (January 2020), MoM change: +66.04%, YoY change: -4.57%

Home Sales Latest: 190,021 (January 2020), MoM change: -27.13%, YoY change: +8.92%

Source: Redfin.com

Months Supply

Latest: 3.50 (January 2020), MoM change: +40.00%, YoY change: -22.22%

Source: Redfin.com

Days on Market

Median Days On Market Latest: 56 (January 2020), MoM change: +12.00%, YoY change: -3.45%

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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