The most recent report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 5.9% annual increase in May 2024. The 10-City Composite saw a 7.7% increase, while the 20-City Composite saw a 6.8% increase year-over-year. According to Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones […]
S&P CoreLogic Case-Shiller surpasses last month’s record high. Read More »
According to a recent report from Redfin, home purchases in June experienced the highest rate of cancellations on record, with 56k home-purchase agreements being canceled, equal to 14.9% of homes that went under contract that month. The report attributes this trend to higher housing costs causing buyers to get cold feet. Additionally, the median home
In June, home purchases experienced the highest rate of falling through on record. Read More »
Realtor.com reports that investors have reduced their home buying activity in recent years. However, their latest report shows that investor share has increased despite purchasing fewer homes. The data was obtained by analyzing deed records from January 2000 to March 2024, both nationally and in the 150 largest US metros. The analysis only included single-family
Investor Share Rises as Home Sales Plummet to Lowest Levels in Over a Decade Read More »
Several states across the nation are holding off sales tax holidays for the back-to-school season. Whether you think this is good or bad public policy can be saved for another day; the bottom-line is saving your hard-earned money! The data has been provided by the Federation of Tax Administrators and actually covers the entire year
We have shared this information for several years now, and it remains relevant: According to a recent Gallup report, real estate continues to be the preferred long-term investment choice for Americans for the 12th consecutive year. The breakdown shows that 36% prefer real estate, 22% prefer the stock market, 18% prefer gold, 13% prefer CDs/bank
The Visual Capitalist reports that more than 80% of the American population resides in an urban area. Utilizing Census data, the infographic below highlights the U.S. states with cities boasting over 250,000 residents. Stay safe and enjoy your Friday! Hat tip to the Visual Capitalist. View infographic here The article States with Cities Over 250k
According to the most recent Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices increased by 0.2% in April. Additionally, there was a 6.3% increase in house prices from April 2023 to April 2024. The FHFA HPI is a comprehensive collection of public house price indexes that track changes in single-family home values
The Consumer Financial Protection Bureau (CFPB) has recently proposed a rule to remove medical bills from most credit reports and prevent debt collectors from using the credit reporting system to collect debt. This new rule aims to eliminate $49 billion of medical debts that unjustly lower credit scores for 15 million people. CFPB Director Rohit
CFPB Wants to Ban Medical Bills from Credit Reports Read More »
According to ATTOM Data’s May 2024 U.S. Foreclosure Market Report, there were 32,621 U.S. properties with foreclosure filings in May. This is a 3% increase from the previous month but a 7% decrease from the previous year. The data shows that one in every 4,320 housing units nationally had a foreclosure filing in May. The
According to the most recent CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, rose by 5.3% year over year in April 2024, which is consistent with March. However, CoreLogic predicts that by Spring 2025, national price gains will slow to 3.4%, with only a few states seeing increases of more than
CoreLogic Says Single-Family Home Price Appreciation was 5.3% in April Read More »