Housing
California, Illinois, New York City and Parts of Florida Home to Majority of ‘At-Risk’ Housing Markets
A new report from ATTOM Data spotlights areas of the country that are vulnerable to decline based on affordability and equity measures gathered during Q4 2024. The report found that California, Illinois, New York City and parts of Florida were at the highest risk for the measured time period, with less vulnerable markets clustered in… […]
Fannie Mae: Most Consumers Remain ‘Apprehensive’ About Housing Market
Consumers reported significantly greater optimism about the future direction of mortgage rates, despite showing little change in overall home buying sentiment, according to Fannie Mae data. Fannie Mae Home Purchase Sentiment Index® (HPSI) for August increased 0.6 points to 72.1, up 5.2 points year over year. Fannie Mae added that a high of 39% of… […]
OneKey® MLS Reports Strong Housing Market for High-Value Transactions in New York
OneKey® MLS, serving the markets of New York’s Hudson River Valley to the Catskill Mountains, has announced new data for November 2024 reflecting continued strength in the housing market with higher-value transactions. In November, the regional single-family closed median sale price reached $ 700,000, a 7.7% increase from $ 650,000 in 2023, a press release […]
Trends in Housing Affordability: Who Can Currently Afford to Buy a Home?
With mortgage rates recently falling below 6.5%, there has been an improvement in housing affordability. www.nar.realtor – Research
HMDA and Housing Demand
Nationwide, the number of home-purchase loan applications has declined from 7.9 million to 6.5 million. www.nar.realtor – Research
Housing Inventory Hits Highest Level Since May 2020
With fall approaching, home shoppers will see a plethora of options this buying season as housing inventory hits the highest level seen since May 2020, according to Realtor.com® data. Realtor.com®’s August Housing Trends Report found that the number of homes actively for sale grew by 35.8% year-over-year, the 10th straight month of growth and the… […]
Biden-Harris Administration Announces Actions to Increase Affordable Housing Supply
Today’s actions included an additional $ 100 million in grant funding to assist state and local governments with identifying and overcoming barriers to housing development. www.nar.realtor – Fair Housing
Housing Market Outlook: What to Pay Attention to in Uncertain Times
In an upcoming keynote presentation at RISMedia’s CEO & Leadership Exchange, Bright MLS Chief Economist Lisa Sturtevant will provide an update on economic and housing market trends as we head into the last quarter of 2024. Sturtevant will discuss the key factors we need to watch in order to better understand where the market is… […]
Report: Foreclosures Nearing Record Low Amidst Challenging Housing Market
While the rate at which home prices are continuing to grow is slowing down in markets across the country, they’re still registering at record-high levels in many areas throughout the U.S. The last time home prices faced such pressing affordability numbers was right before the Great Recession, from 2007 to 2009, which brought an extreme… […]