NBER working paper estimates that every percentage-point increase in remote work causes a 0.93% increase in house prices. KEY TAKEAWAYS The report notes that housing prices nationwide rose 23.8% from December 2019 to November 2021, […]
According to the survey, prospective buyers cited the economy, inflation and a continued rise in housing prices as the reasons that they changed their minds. A triple threat of economic conditions knocked 30% of potential […]
Despite rising home prices, demand for housing units outstrips supply. KEY TAKEAWAYS By the end of the fourth quarter in 2021, the figure stood at $423,600 but it rose by 1.44% in the first quarter […]
Although inventory is closer to catching up with last year, home shoppers are still contending with fewer homes for sale. The national inventory of active listings declined by 12.2% over last year, while the total […]
Higher home prices and sharply higher mortgage rates have reduced buyer activity. KEY TAKEAWAYS Existing-home sales fell for the third straight month to a seasonally adjusted annual rate of 5.61 million. Sales fell 2.4% from […]
Freddie Mac officials say the volatility is causing purchase demand to wane. Freddie Mac’s weekly Primary Mortgage Market Survey report released Thursday showed two decreases in mortgage rates and one increase, signaling that economic volatility is causing […]
Home sales and mortgage originations are predicted to drop. While U.S. gross domestic product was weaker than expected, contracting by 1.4% on an annualized basis, persistent inflation, rising interest rates and weakening global growth led […]
Zillow sees signs that a rebalancing could be around the corner, but for now the market is moving at record speed. KEY TAKEAWAYS U.S. home values continue to grow at a record pace, up nearly […]
Townhouses were more likely to receive multiple bids. Just over 60% of home offers encountered competitive bids on a seasonally adjusted basis in April, the lowest level since March 2021, says online real estate brokerage […]
People spent $2.8 trillion on homes last year, setting an all-time high. KEY TAKEAWAYS According to the report, at the end of 2021, prices were 50% above their highest point before the market crash in […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes