Pending sales of previously owned US homes last month fell by the most since September 2022, illustrating a disappointing spring selling season as prospective buyers balk at high asking prices and borrowing costs. READ MORE: Spring housing outlook: not all bad news An index of contract signings dropped 6.3% in April to 71.3, according to […]
US pending home sales drop by most since 2022 on mortgage rates Read More »
Agent Janice Pouch had a listing go up in February for a single-family house in a desirable part of Washington, D.C., where homes typically don’t last long. She had no reason to think that wouldn’t be the case this time either, especially after a packed open house during its first weekend on the market. Instead,
DOGE effect? Housing inventory in DC is rising faster than the rest of the country Read More »
Home-price gains in the US slowed in March as listings climbed without a corresponding uptick in buyer demand. A national gauge of prices was up 3.4% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was smaller than the 4% annual increase in February. READ MORE: Mortgage rates keep rising, influenced by
The rise in home prices slowed in March as buyers pulled back Read More »
I know this is a crazy stat, given how much the builders’ confidence is falling, but new home sales just had the highest monthly sales print in years. Can this be revised lower in the future? Yes, just like the previous months have been. But there’s a bigger story here that I’ll address because this
Why did we just see the highest new home sales print in years? Read More »
Last year, I predicted a national home-price increase of 2.33%. While that forecast was lower than most others, it seemed achievable due to higher mortgage rates and increased inventory. I was wrong and too low for 2024. This year, my prediction is even lower at 1.77% national home-price growth. So far this year, the existing home
With more inventory, where are home prices headed? Read More »
U.S. home prices are projected to flatten in the third quarter and decline 1% year over year by the fourth quarter of 2025, according to a new report from Redfin. The company also expects mortgage rates to remain elevated near 7% through the end of the year. This marks a sharp reversal from more than
Home prices expected to dip as supply and demand collide Read More »
Rural areas of the U.S. that have long been viewed as a refuge for affordable homeownership are now grappling with rising prices, limited inventory and increasing competition — pressures once thought unique to urban housing markets. “Even the term ‘affordable’ feels like a relic of the past,” said Jake Vehige, president of mortgage lending at
Rural America isn’t immune to housing squeeze Read More »
To start things off, I have an announcement to make, today will be my last weekly article for Altos Research. I founded Altos nearly 20 years ago to bring a new level of analytics and data to the housing market. Two and a half years ago, Altos was acquired by HousingWire, and it’s been tremendously
Inventory back to 2019 levels and what that means for 2025 Read More »
One of the lesser known storylines in housing economics is that the improvement in mortgage spreads since 2023 has contributed to a noticeable trend in purchase application data for 2025, which is now showing 15 consecutive weeks of positive year-over-year growth. Mortgage spreads recently turned negative due to market volatility, which resulted in an increase
Better mortgage spreads boost housing demand in 2025 Read More »
US housing starts increased in April as a pickup in multifamily home construction more than offset a decline in single-family dwellings caused by elevated inventory. New residential construction increased 1.6% to an annualized rate of 1.36 million homes, according to government data released Friday. That was in line with the median estimate in a Bloomberg
Housing starts increase on pickup in multifamily construction Read More »
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