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
October Saw New-Home Sales Fall More Than Expected
Despite being buoyed by a persistent shortage of previously owned properties on the market, high mortgage rates and reduced affordability saw sales of new U.S. single-family homes fall during October
Financing
New Record Low Mortgage Rates Bring Buyers Relief
Mortgage rates hit another new low this week, according to Freddie Mac. For 30-year fixed-rate mortgages, the most common type of loan, interest…
Jobless Claims Surged This Month, Here’s Why
As more Americans return to work, it may be concerning that applications for unemployment benefits have risen these past four weeks. During the…
More Homeowners Want Home Improvements, But Done Themselves
Analysts believe home improvement and DIY trends will become a mainstay as more Americans move to lower density areas. This means more green for…
Redfin August Report: No Slowdown for the Housing Market
For the four week period ending August 30, the housing industry saw more record breaking median home price increases and home inventory shortages…
Financing
Mortgage Demand Sees Atypical Year-Over-Year Surge of 40%
At this time of year, the housing market typically begins slowing with mortgage applications to purchase a home at single digit year-over-year…
Home Purchase Sentiment Rises, Though Still Trailing Behind 2019
Housing market confidence rose in August after a slight dip back in July, but current sentiments are nothing compared to last year’s confidence.…
Building Materials
NAHB Addresses Rising Lumber Prices, Builder Concerns
Softwood lumber prices are currently skyrocketing. NAHB is taking steps to try to minimize the effect on builders
Has the Housing Market Begun Normalizing?
Home builder LGI Homes reported a slight decline in home closings for August. The Texas-based company is regarded as a sales trend leader in the…
To Prevent a Housing Crisis, Renters Need More Than an Eviction Ban
Talks about an eviction crisis have been occurring since the beginning of the pandemic and the housing market has pleaded with Washington for help…
Younger Millennials Are Flooding the Market
Millennials took advantage of July’s low mortgage rates, especially younger Millennials. National Mortgage News describes younger Millennials as…