Items Tagged with 'homebuyer demand'

ARTICLES

  • Experts: 2018 set to be best economic year since housing crisis

    Increase in construction jobs is just what housing market needed
    Although December’s job report numbers disappointed experts’ expectations, many explained that the end-of-year increase in construction jobs is just what the housing market needed. One expert explained that despite the lower than expected increase in December, the jobs market remains strong, and is a key reason why the economy is poised for its best year since the crisis in 2018.
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  • New home sales decrease to new 2017 low in August

    Median home price plummets
    New home sales in August decreased to a seasonally adjusted annual rate of 560,000, a new low for 2017. However, housing inventory also increased, reaching 6.1 months at the current sales rate. But this uptick in new homes for sale did not bring the housing market to equilibrium, but rather, helped make up for the lack of existing homes for sale.
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  • Redfin debuts new housing demand index, and it's got some bad news

    Homebuyer demand is cooling off for awhile
    Although homebuyer demand was up year over year in June, on a monthly basis, the decline was steeper than previous years. “This year’s seasonal slowdown is more extreme than normal due to buyer fatigue over high prices and low selection, combined with gradually increasing mortgage interest rates,” Redfin’s new housing report said.
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