Tag Archives: New Home Sales

According to Redfin's latest Housing Market Update, inclement weather that froze parts of the U.S. slowed overall homebuying activity recently. Conversely, agents in warmer regions report that buyers and sellers remain active, despite mortgage rates remaining in the high-6% range.

According to the RE/MAX National Housing Report, home sales dropped year-over-year in December, but experts project that with mortgage rates continuing their downward trend, homebuyers that have been priced out or pushed to the sidelines may begin to creep back into the market.

As Americans continue, "grappling with limited purchasing power," according to Redfin Senior Economist Sheharyar Bokhari, housing supply remained below pre-pandemic levels in December, preventing home prices from dropping further as buyers continue to compete for a limited supply of homes for sale.

A prominent trend in renowned U.S. metros like Washington, D.C., New York, and Dallas, a new report revealed the conversion of office buildings into living spaces is projected to surge to a new record high in 2024, having more than quadrupled in the past four years.

Like the generation that precedes them, members of Gen Z are concerned about affordability, according to a new Point2 study, which revealed the cities and regions where the youngest Americans have the best chance of achieving homeownership.

Odeta Kushi, First American’s Deputy Chief Economist, has authored a new blog post discussing the definition of a housing recession and looking at the momentum of sales to determine if we are in fact flirting with a “double-dip” housing recession.

January marked the lowest rate of home appreciation since the spring of 2021, declining for the ninth straight month to 5.7%. Meanwhile, Orlando, Florida posted the country’s largest annual gain for the third consecutive month.

A recent Fannie Mae report revealed their latest projection of the 2022 real gross domestic product (GDP) to be flat at 0.0 percent growth on a Q4/Q4 basis. The latest GDP reading showed an expected decline in Q2, but recent ...

New research by Knock, a digital homeownership platform, confirmed something that many homebuyers have already discovered: they are being priced-out of the new home market.  While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low ...

Sales of new, single-family homes fell month-over-month by 12.8% in July, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  The report states that an estimated 635,000 homes were sold for the month, far ...