Why Do Americans Love McMansions? A recent report on CNBC delves into the question of why Americans are so drawn to McMansions. These large homes first gained popularity in the 1980s and have continued to be in demand as buyers seek spacious residences with various amenities. Despite criticisms of their construction quality and design, McMansions […]
NAR Reports Baby Boomers as Largest Share of Home Buyers The NAR says in a shift that underscores changing dynamics in the housing market, baby boomers now make up the largest generational group of home buyers. Indeed, today’s graphic looks at the distinguishing characteristic of each generation of home buyers using data from the NAR’s
Trends in Generational Home Buying and Selling in 2025 Read More »
NAR Reports 2% Increase in Pending Home Sales for February 2025 The National Association of Realtors is reporting that pending home sales rose 2% in in February, 2025. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 72 in February. Year-over-year, contract signings dropped in all four U.S.
February sees a 2% increase in pending home sales Read More »
NAR Reports Increase in Existing Home Sales The National Association of Realtors is reporting that existing home sales were up 4.2% in February to a seasonally-adjusted annual rate of 4.26 million – down 1.2% year over year. Total housing inventory at the end of February was 1.24 million units, up 5.1% from January and up
February saw a 4.2% increase in existing home sales. Read More »
Affluent Home Buyers Using Rent-to-Own Deals A recent report in the Wall Street Journal (reposted on Realtor.com) says real-estate agents are reporting that affluent home buyers are using rent-to-own deals to finance their homes. Interestingly, they say rent-to-own transactions offer well-to-do buyers substantial benefits such as (in new construction) the ability to discover construction defects
Wealthy home buyers are increasingly embracing the concept of rent-to-own. Read More »
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices were up 4.5% from December 2023 to December 2024, after rising 0.4% in December. The FHFA HPI is the nation’s only collection of public, freely available house price indexes that measure changes in single-family home values based on data from
FHFA reports that home prices have increased by 4.5% compared to last year. Read More »
Is it Better to Buy or Rent in 2025? Is it better to buy or rent? That’s an age-old question that really depends on a lot of variables – especially an individual’s station in life. According to their 2025 Rental Affordability Report, ATTOM says both owning & renting remain difficult for average U.S. workers, commonly
Nearly 90% of Metros Registered Home Price Gains in Q4 2024 The National Association of Realtors says nearly 90% of metros experienced home price increases in Q4 2024, as the 30-year fixed mortgage rate ranged from 6.12% to 6.85%. In addition 14% of the 226 tracked metro areas posted double-digit price gains over the same
NAHB’s Eye on Housing Report Shows Modest House Price Growth in Q3, 2024 A new report from the NAHB’s Eye on Housing reveals that house prices have shown modest annual growth in Q3, 2024. However, this growth has slowed in the past two quarters, attributed to elevated mortgage rates dissuading potential home buyers despite increased
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual increase for September, 2024. Their 10-City Composite increased 5.2% and their 20-City Composite increased 4.6%, year-over-year. “Home price growth stalled in the third quarter, after a steady start to 2024…The slight downtick could be attributed to technical factors as the
S&P CoreLogic Case-Shiller reports a 3.9% annual increase in home prices for September. Read More »