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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
  • [ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
  • [ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
  • [ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
  • [ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News
HomeU.S. Housing Market

U.S. Housing Market

The U.S. housing market refers to the buying, selling, and renting of residential properties in the United States. It includes all types of homes, from single-family homes to multi-unit apartment buildings, as well as all related services and activities, such as mortgage lending, property management, and real estate brokerage.

The health of the U.S. housing market is closely tied to the overall state of the economy, and is influenced by factors such as interest rates, employment levels, and consumer confidence. Key indicators of the housing market include home prices, home sales volume, and the number of homes on the market.

Zillow
Home Values

California’s high costs aren’t deterring Gen Z from moving there: Zillow

February 11, 2024 Mariel Alumit Comments Off on California’s high costs aren’t deterring Gen Z from moving there: Zillow

​ A Zillow analysis of U.S. Census Bureau data released Friday shows that the youngest group of prospective homebuyers, Generation Z, are bucking a larger trend by moving to California. Even as California lost nearly […]

Beverly Hills
Celebrities

‘Million Dollar Listing’ star Josh Altman says Beverly Hills is not a place for affordable housing

February 7, 2024 Allen Santos Comments Off on ‘Million Dollar Listing’ star Josh Altman says Beverly Hills is not a place for affordable housing

In affluent Beverly Hills, the clash between luxury and affordable real estate is reaching new heights — and power broker Josh Altman is calling these proposed plans detrimental to the city’s future. Altman, known for […]

California
Home Values

California’s ‘Master Plan for Aging’ is well received in its early days

February 6, 2024 Allen Santos Comments Off on California’s ‘Master Plan for Aging’ is well received in its early days

​ By 2034, an estimated one in five residents of the state of California will be age 65 or older. While this won’t lead to a “silver tsunami” when it comes to a flood of […]

Mortgage rates
Housing Wire

Mortgage rates surpass 7% for the first time since December

February 6, 2024 Allen Santos Comments Off on Mortgage rates surpass 7% for the first time since December

​ The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts to interest […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 kingstu Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

House
Housing Wire

As House passes bipartisan tax legislation, lawmakers feel pressure from voters on housing

February 2, 2024 Mariel Alumit Comments Off on As House passes bipartisan tax legislation, lawmakers feel pressure from voters on housing

​ The U.S. House of Representatives this week passed a bipartisan tax bill that included an expansion of the Low-Income Housing Tax Credit (LIHTC) program, a move lauded by housing advocates including the Mortgage Bankers […]

Gen Z
Housing

Gen Z, millennials are becoming homeowners — thanks to $30K tiny homes on Amazon

February 1, 2024 kingstu Comments Off on Gen Z, millennials are becoming homeowners — thanks to $30K tiny homes on Amazon

It’s a small price to pay — and it’s paying off big time. With homeownership being far out of reach for most millennials and Gen Zs due to inflated asking prices, astronomical interest rates and […]

reverse mortgage
Housing Wire

The reverse mortgage lenders with the most consumer complaints in 2023

January 28, 2024 Allen Santos Comments Off on The reverse mortgage lenders with the most consumer complaints in 2023

​ There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint database maintained […]

baby boomer
Housing

Here are the markets with the most baby boomer homeowners

January 28, 2024 Allen Santos Comments Off on Here are the markets with the most baby boomer homeowners

​ A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new […]

Pending home sales
Housing

Pending home sales surged in December: NAR

January 27, 2024 Allen Santos Comments Off on Pending home sales surged in December: NAR

​ Pending home sales rose 8.3% month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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