The S&P Case-Shiller Home Price Indices is considered among the leading measures of U.S. home prices. Their data covers all nine census divisions and has been collected for nearly 30 years. According to their most recent release, home prices continue to increase but have begun to decelerate. In fact, both the 10-city and 20-city composite …
In September, sales of newly built single-family homes increased 14 percent from the month before, according to new numbers from the U.S. Census Bureau and the Department of Housing and Urban Development. The improvement exceeded economists’ expectations and pushed sales to their highest level since March. But despite the gains, new home sales are still …
A competitive housing market can be difficult for home buyers. Not only do they have to prepare for the possibility of a bidding war, but they also have to be prepared to lose one. The stress and potential for disappointment are almost enough to make home shoppers feel like giving up. Fortunately, newly released numbers …
Sales of previously owned homes spiked 7 percent in September, according to new numbers from the National Association of Realtors. The month-over-month improvement included gains in every region of the country and reversed August’s 2 percent decline. Lawrence Yun, NAR’s chief economist, said the sales rebound was likely helped by the fact that there are …
A seller’s market is one where there are more buyers than there are homes for sale. And this year’s market has been a great example of that. With a historically low number of homes for sale, competition and bidding wars have frustrated buyers and helped drive surging prices even higher. But the market began to …
Predictions aren’t easy, but Fannie Mae’s Economic and Strategic Research Group makes them on a monthly basis. The group’s forecasts cover what they see ahead for the housing market and general economy. And, according to their October outlook, they expect inflation and consumer spending concerns to cause a monetary policy to tighten in the months …
First-time home buyers used to make up a larger share of the homes sold in any given year. Typically, they’d account for around 40 percent of annual home sales. But younger home buyers, for a multitude of reasons, have been less active in the housing market in recent years. According to one new analysis, for …
Owning a home is a dream for a lot of Americans. But no one wants to own a home they struggle to afford. That’s why there’s so much focus on housing affordability right now. Put simply, there’s a shortage of homes for sale and it’s made finding an affordable home more challenging for today’s buyers. …
