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
Mortgage Rates Drop Under 3%, Breaking New Record
Mortgage rates continue to break records as Freddie Mac announced a new low for the average 30-year fixed rate yesterday. The average 30-year…
Rising Lumber Prices May Affect Home Affordability
When construction returned in full-force, lumber mills were not prepared to meet the demand. And with heightened demand comes heightened prices.…
Home Sales Above Pre-Pandemic Levels, Mortgage Rates Drop Even Lower
Record low mortgage rates helped push homebuyer demand past pre-pandemic levels for the week ending July 5. According to Redfin, home sales are up…
Home Prices Are Steady, Market Remains Highly Competitive
Since April 2019, median home prices have increased steadily and not even a pandemic ended the streak. The pandemic has put a damper on the rate…
Homebuyer Demand Falls Back as Mortgage Rates Hit New Low
Last week, average contract interest rates dropped, total mortgage application volume grew, and homebuyer demand fell. The Mortgage Bankers…
Nobel Prize-Winning Economist Says Urban Homes Prices May Decline
City living provides easy access to restaurants, museums, and theater, but with many of those perks now locked tight behind closed doors, benefits…
What Bidding Wars Mean for Buyers and Sellers
The current housing market creates the perfect recipe for bidding wars. Housing supply is low, buyers want homes that support their shifting…
5 Housing Experts Share Predictions for Industry's Future
The housing market took an unexpected turn upward in recent months, but what is to come is still up in the air. Five housing market professionals…
The Factors Keeping the Housing Market Afloat
For several months, it appeared as though the housing market would be seeing its darkest days. But even with growing unemployment and an entire…
Majority of Buyers Face Bidding Wars in May, June
With a small number of homes up for grabs and historically low mortgage rates, more than half of homebuyers have found themselves in bidding wars…
