While the threat of property damage and associated monetary losses resulting from Atlantic hurricanes is well documented, a new study puts numbers on the extent of the risk to homeowners and their communities. Climate scenarios are on the minds of home buyers, influencing where and what they buy as they consider both costs and standard […]
Hurricane risks can raise housing costs but drive down value Read More »
A coalition of elected officials across the country is calling on Congress to continue funding of affordable housing programs targeted for elimination by the Trump administration. Trump’s proposed fiscal year 2026 budget calls for the cancellation of the Community Development Block Grant and Home Investment Partnerships programs, both offered through the Department of Housing and
‘Reject Trump HUD cuts,’ city, state leaders tell Congress Read More »
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 »
While real estate investment purchases are falling into more stable patterns following wild pandemic-era swings, condo activity is lagging, falling to a 10-year low, according to Redfin. U.S. investors bought a total of 46,726 units in the first quarter, up 2% year over year, the real estate brokerage reported. Early 2025 activity recovered from the
Condos losing appeal among real estate investors Read More »
Consumers are giving mixed messages on how they feel about the current home purchase market and this is likely feeding into the Spring season, a Bank of America report found. Among current homeowners and prospective buyers, 60% claim they are unable to tell whether now is a good time to purchase a home or not.
Spring housing outlook: not all bad news Read More »
Foreclosures and distressed mortgage volume came in higher from a year ago after recent servicing policy changes, while prepayments also accelerated last month despite ongoing volatility. Although still low historically, foreclosure filings, including starts, inventory and sales, all ended up higher on an annual basis for the second month in a row in April, according
VA-backed loans drive foreclosure spike Read More »
U.S. new-home sales rose unexpectedly in April to the highest level since February 2022 on a surge in the South and Midwest. Purchases of new single-family homes increased nearly 11% last month to a 743,000 annual rate, according to government data released Friday. The median estimate in a Bloomberg survey of economists was a 695,000
New-home sales top forecasts on surge in South and Midwest Read More »
Home sales transactions were cancelled at a near-record rate in April, another likely side effect of uncertainty enhanced by President Trump’s tariff announcement earlier in the month, Redfin said. Approximately 56,000 signed purchase agreements were withdrawn during the month, which equates to a 14.3% rate. This is up from 13.5% one year ago and is
Home sales cancelled at near-record pace in April Read More »
The 30-year fixed rate mortgage moved 5 basis points higher from last week, but still remains under 7%, at least according to Freddie Mac. “Mortgage rates inched up this week but continue to remain lower than one year ago,” said Sam Khater, Freddie Mac’s chief economist, in a press release. “With more inventory for buyers
Mortgage rates keep rising, influenced by DC developments Read More »
More markets are watching falling home prices as the inventory of properties for sale piles up. Home prices grew 1.6% in May from the same time last year, down from April’s 2% annual growth rate according to Intercontinental Exchange. The company’s Home Price Index is the latest report showing continued growth in the nation’s house
Home prices are fading in the West as inventory rises Read More »
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