Items Tagged with 'home prices'

ARTICLES

  • July’s sluggish home price growth highlights tension between the nation’s buyers and sellers

    The average American home listing price rose 5.5% to $315,000 in July
    The average American home listing price rose 5.5% to $315,000 in July, according to Realtor.com’s Housing Trend Report. Although this rate is only 0.2% down from June, it’s a significant decrease from the 8.7% growth during the same time period in 2018. George Ratiu, realtor.com’s senior economist said July’s data highlights tension between buyers eager to take advantage of lower mortgage rates and potential sellers concerned about slowing price growth.
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  • U.S. housing market is "anemic" and "lackluster," says NY Fed

    Economic data indicates "implied path" of Fed rate is downward, economists say
    The Federal Reserve Bank of New York describes U.S. home sales as “soft” and “anemic” in a Monday report. Fed economists pointed to June’s existing home sales level, which was 1.7% below a year ago, as part of the reason for their conclusion: “Home sales remain lackluster.”
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  • WSJ: The housing market is red-hot in the heartland

    Small midwest markets see a jolt of action as home sales slow in larger coaster areas
    After years of soaring real estate prices in popular coastal areas, demand has notably slowed in these markets as home prices have far exceeded wage growth. Now, it’s smaller, midwestern cities that are gaining all the traction, with real estate in these heartland markets seeing so much interest, prices are rising and bidding wars are commencing.
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  • Mortgage borrowers will be just fine when the economy slows

    Capital Economics says lenders can expect a nominal rise in delinquencies
    An economic slowdown has been widely forecasted, and this brings into question its inevitable impact on the housing market. But while a slowing economy typically causes a rise in mortgage delinquencies, Capital Economics predicts the impact will be minimal, as most borrowers should have no problem keeping up with their mortgage payments.
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  • Home sellers beware, bidding wars are becoming a thing of the past

    But will things heat up now that mortgage rates have fallen?
    Competition among homebuyers is easing in nearly every market across the country, according to new data from Redfin, which shows that only 11.2% of purchase offers made on its site faced a bidding war in July. This is down significantly from last year’s rate of 45%, highlighting a continual easing of competition.
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  • NAR: Low housing inventory is driving up home prices

    91% of markets saw prices rise in Q2
    There's a lack of affordable housing in this country, and it's starting to weigh heavily on home prices. The median existing single-family home price increased 4.3% annually to $279,600 in the second quarter of 2019, according to the National Association of Realtors. NAR Chief Economist Lawrence Yun said in order to prevent greater price appreciation in more affordable metros, homebuilders must bring more homes to the market.
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  • Apathetic home sales dampen price growth

    Home prices are still rising, but at a much slower pace
    Home prices are continuing to appreciate, just not as rapidly as before. Prices rose by 3.4% in June from the year before, according to the latest data from CoreLogic. CoreLogic Chief Economist Frank Nothaft said apathetic home sales are to blame. "Tepid home sales have caused home prices to rise at the slowest pace for the first half of a year since 2011," Nothaft said.
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  • Case-Shiller says home-price gains continued to slow in May

    Las Vegas once again reported the highest year-over-year gain among all of the 20 cities
    In May, the nation’s home-price gains continued to slow in many markets across the country, according to the latest Case-Shiller Home Price Index from S&P Down Jones Indices and CoreLogic. The report's results showed that May 2019 saw an annual increase of 3.4% for home prices nationwide, sliding from the previous month's pace of 3.5%. S&P Dow Jones Indices Director and Global Head of Index Governance Philip Murphy said annual home price gains were lower in May than April, but not dramatically so and a broad-base moderation continued across the country.
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  • This is how a lack of housing affordability is impacting America's middle class

    In June, home prices rose by 9% in the nation’s most affordable markets
    In June, America’s home prices rose by 3.4% from the previous month. Although this rate remains significantly lower than its 2018 level, Redfin indicates that home price appreciation has now grown by a whopping 9% in the nation’s most affordable markets. Redfin Chief Economist Daryl Fairweather said the increase in demand for low- and moderately-priced starter homes is pushing up prices for the most affordable segment of the market.
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  • FHFA: American home price appreciation inches forward 0.1% in May

    Colorado, Arizona region of U.S. had largest annual gains
    Home prices rose slightly in May, inching forward only 0.1% from the previous month but up 5% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The report indicates that across the nine census divisions, the South Atlantic Division saw the strongest appreciation growth, whereas the East South Central Division experienced no growth.
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