The appeal of McMansions to Americans
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 […]
Trends in Generational Home Buying and Selling in 2025
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 […]
Rocket acquires Redfin in a $1.75 billion agreement
CNBC Reports Rocket Companies Acquisition of Redfin CNBC is reporting that Rocket Companies is acquiring Redfin in an all-stock deal worth $1.75 billion. The deal is expected to close in 2nd or 3rd quarter of this year. Comparing the two companies, CNBC says Redfin operates a home search platform with more than 1 million for-sale […]
February sees a 2% increase in pending home sales
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. […]
Home flipping will be on the decline in 2024.
ATTOM’s 2024 U.S. Home Flipping Report According to ATTOM’s year-end 2024 U.S. Home Flipping Report, 297,885 single-family houses and condominiums were flipped in 2024. That figure is down 7.7% from 322,782 in 2023 and 32.4% from a recent peak of nearly 441k reached in 2022.  In addition, the report further says that as the number […]
February saw a 4.2% increase in existing home sales.
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 […]
FHFA reports that home prices have increased by 4.5% compared to last year.
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 […]
In the fourth quarter of 2024, almost 90% of metropolitan areas experienced an increase in home prices.
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 […]
State-by-State House Price Appreciation
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 demand for apartments is on the rise, while the development of middle housing is falling behind.
Storagecafe Report on U.S. Housing Inventory Growth Last week’s infographic illustrated America’s fastest growing housing markets based on data from this report. That being said, Storagecafe says the U.S. housing market has been on a steady, albeit slow, growth trajectory over the past two decades with total inventory reaching 144 million housing units in 2023 […]