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Yahoo FinanceToll Brothers predicts a decline in mortgage rates will coincide with the spring selling season
The builder is also leaning on spec homes at lower prices to drive sales.
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Texas housing loses its luster after pandemic boom
Year over year, sales volume in the state dropped 14.2% in September.
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Pending home sales drop to lowest level in over 20 years
Home sales under contract dropped 1.5% from the month before, according to the National Association of Realtors. The 71.4 index reading is the lowest since the index was originated in 2001.
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Homebuyers backed away from new homes in October, spooked by higher mortgage rates
Sales of new homes decreased 5.6% to a seasonally adjusted rate 679,000 units last month from September’s seasonally adjusted annual rate of 719,000.
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Home sale scams ramp up amid a housing market short on inventory
In 2022, the FBI received 11,727 real estate-related complaints with losses of over $396 million, an 86% increase versus 2020 levels.
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Buying and renting are so much more expensive now — but one is still cheaper almost everywhere
Rents have risen to 26% of median US household income from 23%, while the ratio of mortgage payments to income has increased to 32% from 19%.
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The hefty commissions home sellers pay to real estate agents may soon disappear
A recent lawsuit verdict and pending cases could dismantle the traditional commission practice of sellers paying their own real estate agent and the buyer's.
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Housing starts and permits increase in October, but more activity is needed
New residential construction, including single-family and multifamily homes, increased 1.9% in October from the month before.
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Housing costs should show 'more disinflationary pressure' going forward, expert says
The shelter component of the Consumer Price Index rose 0.4% over the previous month.
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America's love for home remodeling cools off amid higher interest rates
Total spending on home improvement and repairs is projected to drop 7.7% over the next four quarters to $452 billion.
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Mortgage rate ‘uncertainty’ underpins homebuilder D.R. Horton’s guidance
The company's head of investor relations expects "challenging market conditions to persist."
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Goldman Sachs expects home prices and mortgage rates to come in higher than originally forecasted
The team now expects home prices to appreciate 2% on a seasonally adjusted basis for the year and the rate on the 30-year mortgage to end at 7.6%.
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Housing activity unexpectedly perked up last month with pending sales posting an upside surprise
Home sales under contract gained 1.1% in September from the month before.
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Housing analysts: Mortgage rates remain the biggest question mark for homebuilders
This week, PulteGroup, NVR, Taylor Morrison Home Corp., Century Communities and Tri Pointe Homes all report third quarter earnings.
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Housing: Existing home sales sink in September as mortgage rates keep buyers and sellers in place
Sales of previously owned homes dropped 2% from August to a seasonally adjusted annual rate of 3.96 million.
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Housing costs again frustrate the Fed’s efforts to curb inflation
The shelter index was the largest contributor to the monthly increase in inflation for all items, accounting for more than half of the increase.
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Real estate groups implore the Fed to stop rate hikes as housing activity deteriorates
The Mortgage Bankers Association, the National Association of Realtors, and the National Association of Home Builders are urging Fed Chair Jerome Powell to stop raising interest rates.
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Bank of America analysts see 'turbulence' but no housing crash like in 2008
The housing market today is largely dealing with the fallout from tight monetary policy — similar to 1980, analysts say.
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Goldman Sachs calls an audible: Mortgage rates going up, after all, in 2023
In January, Goldman Sachs housing economists predicted mortgage rates would land at 6.5% by the end of this year. Now, the firm sees rates running higher — to around 7.1%.
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Latino homebuyers are a major force in the housing market
There are about 65 million Latinos in the US, and that is expected to reach 100 million in the next 20 to 25 years.
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