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 […]
Wealthy home buyers are increasingly embracing the concept of rent-to-own.
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 […]
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 […]
Should you buy or rent in 2025?
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 […]
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 […]
S&P CoreLogic Case-Shiller reports a 3.9% annual increase in home prices for September.
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 […]
Foreclosure activity saw an increase in the month of October.
ATTOM’s October 2024 U.S. Foreclosure Market Report According to ATTOM’s October 2024 U.S. Foreclosure Market Report, there were a total of 30,784 U.S. properties with foreclosure filings. This figure is 4% higher than September and 11% lower than one year ago. Across the country, one out of every 4,578 housing units had a foreclosure filing […]
The homeownership and rental vacancy rates in the United States for the third quarter of 2024 have been reported.
U.S. Government Reports National Housing Vacancy Rates for Q3, 2024 The U.S. government is reporting that the national vacancy rates for Q3, 2024 were 6.9% for rental housing and 1% for homeowner housing. The national homeownership rate for Q3 2024 was 65.6%. In addition, approximately 89.9% of the housing units in the United States in […]
Home sales in September saw a 4.1% increase compared to the previous month.
New Home Sales Increase by 4.1% in September The U.S. Government has reported that sales of new single-family houses in September 2024 reached a seasonally adjusted annual rate of 738k. This figure represents a 4.1% increase from August’s revised rate and a 6.3% surge compared to the same period last year. The median sales price […]