Category: Housing Market
Housing Market Predictions: Zillow vs. Moody’s – What to Expect
June 22nd, 2024
The housing market is a complex ecosystem constantly in flux. Accurately predicting its trajectory requires careful consideration of various economic indicators, buyer behavior, and local trends. Recently, Zillow & Moody's forecasts paint a contrasting picture of the housing market. Let's …Read more »
Florida Housing Market Flips: Inventory Soars as Buyers Hit the Brakes
June 22nd, 2024
The Florida housing market, once a scene of breakneck price appreciation and bidding wars, is undergoing a dramatic transformation. This shift presents a unique set of challenges for both current residents seeking to sell and aspiring homeowners eager to establish …Read more »
Fannie Mae Lowers Home Sales Forecast to 4.82 Million for 2024
June 21st, 2024
Fannie Mae's Economic & Strategic Research (ESR) Group recently revised its forecast for total U.S. home sales in 2024 downward to 4.82 million. This slight decrease reflects a more cautious outlook on the housing market amid a confluence of economic …Read more »
Home Builder Confidence Crashes as Mortgage Rates Soar
June 21st, 2024
The housing market is a significant indicator of economic health, and builder confidence is a key metric within this sector. Recently, the National Association of Home Builders (NAHB) reported a decline in builder sentiment, primarily attributed to persistently high mortgage rates, which have been …Read more »
US Home Price Hits Record High: Up 51% in the Last 5 Years
June 21st, 2024
The US housing market is presenting a puzzling scenario. On one hand, the national median sales price of existing homes has reached a record high of $419,300, reflecting a 5.8% increase from last year. This is on top of a …Read more »
Good News for Renters? Single-Family Rent Growth Slows Down
June 19th, 2024
The latest Single-Family Rent Index (SFRI) by CoreLogic®, a leading real estate data and analytics firm, paints a picture of stability in the single-family rental market for April 2024. Let's delve deeper into the report's findings to understand what this …Read more »
Housing Shortage Crisis: 10 Cities Where Finding a Home is a Nightmare
June 19th, 2024
The American dream of homeownership seems to be slipping further out of reach for many. A recent report by Zillow paints a concerning picture of a nationwide housing shortage that continues to worsen despite a pandemic-driven construction surge. This lack …Read more »
Bay Area Housing Market Heats Up: Home Prices Soar 11.9%
June 19th, 2024
The housing market in the San Francisco Bay Area continues to be a hot topic, and with good reason. New data reveals a significant increase in year-over-year prices, making it the region with the biggest jump in the state. Home …Read more »
California Home Prices Hit Another Record Highs in May 2024
June 19th, 2024
California housing market is again a market of two tales: soaring prices and a sales slowdown. Let's get into the data care of the California Association of Realtors (C.A.R.). Rising Rates, Cooling Sales—For most of this year, mortgage rates have …Read more »
