Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic
Are Fed Rate Hikes a Thing of the Past?
The Federal Reserve held rates steady again in December and forecasts three rate cuts in 2024
What's in Store for the National Housing Market in 2024
According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge
Market Data + Trends
August Existing Home Sales Hit 14-Year High
August became yet another record breaking month for the housing market. Tight home supply pushed home prices up 11.4% annually, a new record high…
Home Equity Jumps, Relieving Properties from Negative Equity
Homes gained a value of $9,800 more during the second quarter. The change in home equity comes from the insatiable demand for homes and record low…
Market Data + Trends
Home Prices, Sales Continue Upward in September
Active listings were the only key housing market measurement that decreased during the four-week period ending September 13. Compared to this time…
Government + Policy
Is There a Connection Between Political Party and Housing Market Activity?
To see if there are connections between political party and housing market activity, Redfin categorized US counties as blue, red, or swing then…
Financing
Should Buyers Wait for Lower Mortgage Rates?
With mortgage rates fluctuating over the past six months, dipping down to record lows, it makes sense why some buyers would be unsure of when to…
Home Prices Increase by Highest Rate in 6 Years
The national median home price increased by 11% in August, but buyers don’t seem to mind. This is the largest annual increase since February 2014…
What Can Buyers Expect from the Remainder of 2020?
To make predictions for the remaining months of the year may seem impossible because of lingering uncertainties, but one real estate pro took a…
California Home Prices Rise By 34%
Home prices are rising and listings are decreasing across the country but, arguably, nothing like in California. Since January of this year, the…
Affordability
Home Affordability Dropped Slightly in July
The National Association of Realtors reports that the median household income increased in July, but median home prices advanced at a higher rate…
Is the American Dream Becoming Less Achievable?
As home prices continue on an upward track, housing inventory only stretches thinner, and as the economy remains weak, this may not be the ideal…
