There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it. Consider Moving to a More Affordable Area Today’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a […]

Pending home sales in May posted the largest monthly increase since the expiration of the first-time home buyer tax credit in April 2010. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 6.1% in May to 103.9 from an upwardly revised April […]

The housing market can often feel like one big puzzle. Do you buy? Sell? What’s going on with interest rates? And is it really as dire as it seems? We see reports that young people are being driven out of Boston due to high rents and lack of ability to buy homes; blue states are […]

Just over a year ago, when I suggested to “expect a year of uncertainty mixed with the market slowly trending in favor of buyers,” that was mostly due to six ongoing trends in place at the time. These trends, including stubborn inflation (and higher mortgage rates), economic growth (or decline), the moving target of remote […]

It was a case of good news, bad news as new home sales increased by 12.3% in September while prices dropped sharply from a year ago, the Census Bureau said on Wednesday. Builders have been offering incentives such as mortgage buy-downs and additional upgrades to lure buyers as mortgage rates flirt with a level of […]

Strong and steady is the name of the game in the Atlanta-Sandy Springs-Roswell housing market. Not only have prices remained unchanged in the area, but building permits and consumer demand have stayed largely stable, too – despite higher mortgage rates and other headwinds. It seems the National Association of Realtors (NAR) was right to call […]

Despite elevated mortgage rates averaging above 7%, single-family starts posted a solid gain in September as more buyers are turning to new homes because of a dearth of inventory in the resale market. Overall housing starts increased 7% in September to a seasonally adjusted annual rate of 1.36 million units, according to a report from […]

The numbers: Home sales inched up for the first time in four months, even as the U.S. housing market continues to deal with a dearth of listings. Pending home sales rose by 0.3% in June from the previous month, according to the monthly index released Thursday by the National Association of Realtors. The figure exceeded expectations […]

Higher interest rates have led millions of existing homeowners with mortgages under 4% to postpone plans to list their homes for sale, and for many prospective buyers, that supply vacuum has left newly built homes as the only game in town.  That is the backdrop behind the strengthening of interest for new homes. According to […]

Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). […]