Items Tagged with 'Realtordotcom'

ARTICLES

  • Spring homebuyers likely to grapple with affordability

    Nearly half of shoppers are looking for homes priced at or under $200,000
    Spring home-buying season is officially here, and homebuyers across the country are now projected to dominate the market. But as homeownership demand heightens, new survey data from Realtor.com suggests many prospective buyers will grapple with housing affordability.
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  • NAR: Monthly existing home sales reach four-year high

    Each region but Northeast experiences an increase in sales activity
    In February, existing home sales experienced their largest monthly gain since December 2015, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said a powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound.
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  • New home sales fall further than anticipated to 6.9%

    Sales fall 4.1% below 2018 levels
    New home sales cooled off in January, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. However, Navy Federal Credit Union Corporate Economist Robert Frick said with mortgage rates retreating, prices moderating and some improvement in supply on the way, 2019 may develop into a much better home hunting ground.
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  • Are Americans turning their backs on homeownership?

    Survey says affordability is a major deterrence, especially for Millennials
    Homeownership has long been perceived as an essential part of the American dream, but is a lack of affordability weakening demand? A new report from Bankrate indicates that 44% of homeowners say they regret their home purchases, citing affordability as a major concern.
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  • New home sales rise 3.7% in December, signaling promising spring home buying season

    But level still remains 2.4% below 2017 levels
    New home sales rose 3.7% in December 2018, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Realtor.com Chief Economist Danielle Hale said some housing indicators, such as mortgage applications and pending home sales, are starting to show signs of life, suggesting that some thawing could be ahead as we approach spring home buying season.
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  • U.S. economy adds 304,000 jobs in January

    Wages for private non-farm payrolls rise to $27.56
    The unemployment rate rose to 4% in January, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. MBA Chief Economist Mike Fratantoni said although the partial government shutdown may have temporarily increased the unemployment rate, this pace of job creation will continue to support higher wages, which will likely support strong housing demand.
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  • New home sales rose 16.9% in November, but were still down from 2017

    Sales of new single-family homes down 7.7% from 2017
    After experiencing the longest recorded partial government shutdown in American history, the Census Bureau and HUD finally released November’s new home sales data. According to their data, new home sales rose 16.9% in November. However, Zillow Senior Economist Aaron Terrazas said that even after an autumn that proved stronger than first reported, new home sales were poised to end 2018 down decidedly from a year ago.
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  • Experts: Housing starts signal trouble ahead

    Inventory and affordability concerns create supply and demand stalemate
    In October, growth in housing starts was propelled by development in the multifamily sector, but some experts are warning that there could be trouble ahead for the housing market. In fact, several believe that affordability and inventory concerns are contributing to a turn in the market, negatively impacting homebuilder confidence.
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  • This is how much California's wildfires could cost homeowners

    More than $2 billion worth of homes at risk
    Wildfires are continuing to rage across the state of California, claiming the lives of at least 31 people and destroying more than 4,531 acres. An analysis by Realtor.com indicates that residents belonging to Butte and Ventura counties will have an especially hard time finding replacement homes.
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