US home prices have dropped for the first time in 11 years … Folks are spending less money on home improvements … And Airbnb revenues are declining …
Weakness in existing home sales was swamped by surprising strength in new home sales (largely skewed by dramatic incentives from builders) and today Pending home sales breaks the tie (expected to show a small 0.8% MoM rise in sales). Instead, pending home sales tumbled 5.2% MoM, dragging the YoY sales down 23.26%…
Newsfeed: US Pending Home Sales Plunged In March As Rates Rebounded Read More »
The housing market is very complicated, with a lot of variables that can affect it. NTD talks to an expert in real estate for his insights.
Newsfeed: No 2008-Type Crash in Housing Market: Analyst Read More »
Nestled in the sprawling desert community of North Las Vegas, the three-bedroom home at 6043 Clovelly St. perfectly embodies what has gone terribly wrong at Opendoor Technologies.
Sales of previously owned homes declined 2.4% in March compared with February, according to a monthly report from the National Association of Realtors.
Newsfeed: Home sales fell in March amid volatility in mortgage rates Read More »
After February’s surprise surge in Housing Starts and Permits, driven largely by a brief dip in mortgage rates, the housing market’s data was expected to slide significantly in March data released today… and they did. However, while housing starts fell, it was less than expected (-0.5% MoM vs -3.5% exp but Feb’s 9.8% jump was revised down to +7.3%) but Building Permits plunged 8.8% MoM (vs 6.5% MoM drop) and Feb’s data was revised higherto 15.8% (from 13.8% MoM)…
Newsfeed: Single-Family Building & Permits Jump As ‘Renter Nation’ Fades Read More »
The housing environment is so unaffordable that certain banks lost money for each mortgage they financed last year — the first time that’s happened, according to the Mortgage Bankers Association.
A new report from real estate brokerage Redfin indicates that, despite elevated mortgage rates, homebuyers continue to leave expensive metro areas like New York and Seattle for more affordable housing options in cities like Miami and Phoenix.
Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump could be bottoming out.
Newsfeed: US pending home sales rise for third straight month; loan demand increases Read More »
Privately owned housing starts in February came in at a seasonally adjusted annual rate of 1,450,000. This is 9.8 percent above the revised January estimate of 1,321,000, a much bigger jump than the expected 0.1 percent increase.
Newsfeed: Breitbart Business Digest: Light at the End of the Housing Tunnel Read More »