As housing inventory falls, competition rises for homebuyers whose demand remains unwavering amid rising home prices. In fact, many buyers, especially Millennials, are increasingly placing an offer on homes before actually seeing them in person.
Pending home sales dropped in May for the third consecutive month, and now the National Association of Realtors says the housing market could be topping off. But this drop varies not only by geographical region, but changes significantly from the bottom end of home prices to the high end.
Heather McClure, an industry vet, will assist Walker & Dunlop in growing its capital markets platform in the Texas area and will oversee arranging debt for all types of commercial real estate properties across the country.
After wavering slightly the month before, Americans grew more confident in June. A new survey found consumers are more confident in current economic conditions, however, they are less sure about their short-term economic outlook.
The Hispanic homeownership rate continues to lag behind white homeownership, despite recent increases. In a new report, Freddie Mac explains the cause for the gap between the two populations and questions if it will narrow.
U.S. Secretary of Commerce Wilbur Ross announced a new proposed Canadian lumber tariff that would stack on top of the tariff announced back in April on Canadian softwood lumber imported into the U.S. Why is this important? Softwood lumber is the type primarily used in home construction. As a result, the National Association of Home Builders says the steep increase would have a drastic financial impact on homebuilders and homebuyers.
Not surprisingly, the Case-Shiller home prices index showed an increase in home prices in April from the previous month and last year as competition grows among homebuyers. Now, experts explain home prices will be slow to react to any market changes, and will not change their upward trend anytime soon. However, at least one economist disagrees.
Home prices increased once again in April, though at a slower pace than the previous month. The S&P Dow Jones Indices’ managing director explained home prices cannot continue to increase without limit. But will home price gains gently slow or will they crash and take the economy down with them?
Housing just became more affordable for the first time in months, even as the Federal Reserve continues to tighten monetary policy. First American’s chief economist explains the reason for the increase in affordability, however short-lived it may be.
Home prices increased across the U.S. to a new all-time high, according to Black Knight’s Home Price Index. One state stands out above the rest as it contains five of the top six metros with the most home price acceleration in April.