The numbers: Mortgage applications fell by 13.2% to close off the last two weeks of 2022. Mortgage applications are now at the lowest level in 27 years. The real-estate market Read more
Tag: Housing
U.S. pending home sales fall 4% in November to the lowest level since April 2020
The numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, according to the index released Wednesday by the National Association of Realtors (NAR). The Read more
U.S. existing-home sales fall for the 10th straight month in November — longest losing streak on record
The numbers: U.S. existing-home sales fell 7.7% to a seasonally adjusted annual rate of 4.09 million in November, the National Association of Realtors said Wednesday. This is the 10th straight Read more
U.S. building permits fall 11.2% in November, while housing starts only dip slightly
The numbers: Construction on new U.S. homes fell a seasonally adjusted 0.5% in November to 1.43 million, the Commerce Department said Tuesday. The drop in construction on homes follows the Read more
Builder sentiment fell every single month in 2022. Builders say there’s a silver lining.
The numbers: The National Association of Home Builders’ monthly confidence index fell two points to 31 in December, the trade group said on Monday. It’s the 12th month in a Read more
U.S. home prices fall for third straight month in September: Case-Shiller index
The numbers: The S&P CoreLogic Case-Shiller U.S. 20-city price index fell 1.2% in September, its third consecutive monthly decline. The decline matches the forecast of economists were expecting a 1.3% Read more
Housing starts drop 4.2% as high mortgage rates scare off home buyers
The numbers: Construction on new houses fell 4.2% in October as high mortgage rates scared off buyers and forced builders to scale back, a situation that’s likely to fester through 2023. Read more
Home builder sentiment continues to sour in November
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence index fell 5 points to 33 in November, the trade group said on Wednesday. It’s the record eleventh month Read more
New homeowners and renters are hit hard by October inflation — here’s how they’re cutting back on expenses to beat rising costs
Inflation is cooling, but shelter makes up the lion’s share. Headline inflation fell by more than expected last month. In October, prices rose by 7.7% on the year in the Read more
The median income needed to buy a typical home is over $88,000 — $40,000 more than prior to the pandemic
Home price growth in big cities has slowed, but not stalled, in the third quarter, according to a new report from the National Association of Realtors (NAR). The NAR, which Read more