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 23, 2019 via housingwire.com The number of loans backed by the Department of Veterans Affairs increased 2.3% in the 12 months through September, led by 14% gain in the number of mortgages for Millennial generation veterans and active-duty military. The post VA mortgage lending increased 2.3% led by Millennials appeared first on HousingWire.
Oct 23, 2019 via housingwire.com Better.com announced the hire of Devang Thakkar as chief product officer this week. Working out of the company's New York headquarters, Thakkar will lead the product and design teams. The post Better.com names Devang Thakkar chief product officer appeared first on HousingWire.
Oct 23, 2019 via housingwire.com Home prices increased in September, rising only 0.2% from the previous month but up 4.6% from 2018, according to the latest monthly House Price Index. The post FHFA: U.S. home prices climb 4.6% from last August appeared first on HousingWire.
Oct 23, 2019 via housingwire.com Home prices increased in September, rising only 0.2% from the previous month but up 4.6% from 2018, according to the latest monthly House Price Index. The post FHFA: U.S. home prices climb 4.6% from last September appeared first on HousingWire.
Oct 23, 2019 via cnbc.com WeWork announced Tuesday that SoftBank will provide $5 billion in new financing and up to $3 billion in a tender offer for existing shareholders.
Oct 23, 2019 via themortgagereports.com Leading housing authorities give mortgage and refinance rate predictions for 2020.
Oct 23, 2019 via themortgagereports.com How do Millennials and Gen Zers feel about buying a home? According to a new study, they're pretty optimistic (and a bit fearful).
Oct 23, 2019 via cnbc.com Last week's climb in interest rates caused a drop in mortgage applications by 11.9%, according to the Mortgage Bankers Association.
Oct 22, 2019 via housingwire.com A new survey finds that people are nearly twice as likely to support policies designed to keep homes affordable compared to policies that would strengthen home values. The post Support for affordable housing policies growing appeared first on HousingWire.
Oct 22, 2019 via housingwire.com The heavy-hitters of the mortgage and housing industries published a joint statement decrying "single-minded focus" on the debt-to-income ratio. The post NAR, MBA, NAHB and ABA decry "single-minded focus" on debt, income measure appeared first on HousingWire.
Oct 22, 2019 via housingwire.com Mark Calabria, director of the Federal Housing Finance Agency, said he's willing to wipe out Fannie Mae and Freddie Mac shareholders if needed to protect taxpayers from another bailout. "I'm working for the taxpayers," Calabria said. "If the circumstances present themselves to where we have to wipe out the shareholders, we will." The post Calabria says he's willing to wipe out Fannie Mae, Freddie Mac shareholders appeared first on HousingWire.
Oct 22, 2019 via zillow.com Ultimately, the purpose of survey research is to understand preferences, decisions or behavior when no objective data exists. But care is needed. There are right ways and wrong ways to field and analyze survey data. The post What Zillow Has Learned Creating Web Surveys appeared first on Zillow Research.
Oct 22, 2019 via zillow.com Zillow Group partnered with independent market research and data analytics firm YouGov(R) to conduct a nationally representative, online quantitative survey. The post Zillow Group 2019 Consumer Housing Trends Report Survey Methodology appeared first on Zillow Research.
Oct 22, 2019 via housingwire.com Facebook announced Tuesday it is committing $1 billion to help address the affordable housing crisis in California. Facebook explained that a family of four in San Francisco making more than $100,000 per year is still considered low income, and now it's doing something to fix that. The post Facebook commits $1 billion to affordable housing appeared first on HousingWire.
Oct 22, 2019 via cnbc.com September sales of existing homes fell short of expectations. The downturn followed two months of gains. The problem is low supply and high prices.
Oct 22, 2019 via zillow.com There simply are not enough lower-priced homes to keep the market humming. While builders are putting up more homes, their pace is not keeping up with what buyers demand. The post September Existing Home Sales: Back Down to Earth appeared first on Zillow Research.
Oct 22, 2019 via redfin.com Nearly half of respondents said rising home prices over the past decade have made their life worse, while just 16% said rising home prices made their life better. As cities across the country grapple with an ongoing housing affordability crisis, solutions in the form of policy proposals have become a topic of local and national … Survey: Homebuyers and Sellers Feel That Rising Home Prices Have Made Their Lives Worse Read More >> The post Survey: Homebuyers and Sellers Feel That Rising Home Prices Have Made Their Lives Worse appeared first on Redfin Blog.
Oct 22, 2019 via themortgagereports.com Don't want to pay full listing price? According to a new forecast, you may not have to -- especially if you choose the right location.
Oct 22, 2019 via zillow.com Buying a home is expensive - often the single priciest transaction most of us ever undertake. So it should come as little surprise that a majority of home buyers report making some kind of financial sacrifice to afford their homes - with younger buyers, first-time buyers and/or parents more likely to give up something. The post To Afford Homes, Buyers Work More and Give Up Entertainment and Vacations appeared first on Zillow Research.
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 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 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 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.
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
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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