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
Average Down Payment Varies Greatly By Market
A 20 percent down payment is no longer the standard. According to Realtor.com, the average down payment on mortgages…
Fluctuating Mortgage Rates Drop This Week
Rates for 30-year fixed mortgages steadily declined to under 3.5 percent over the first 10 months of 2016, but shot up nearly one…
Texas, Nevada, Florida, And Other States With No Income Tax
Most U.S. residents have to pay federal and state income taxes every year. Not people in Alaska, Florida, Nevada, South Dakota, Texas,…
Flattening Rent Rates May Soften Buyer Demand
The median home value rose 6.8 percent over the past year as of December. Rent prices, though, have leveled off, remaining unchanged…
Latest LIRA Revises Remodeling Spending Estimates
National spending on home remodeling and repairs over the last few years has been a bit overstated, according to the latest Leading…
Monthly Mortgage Payments Swell In Coastal Markets
Since many of the most expensive U.S. housing markets are along the coasts, it makes sense that monthly mortgage payments are rising…
Optimistic Brokers See Home Sales Growth Doubling In 2017
Survey finds that sales growth is expected to reach 7.6 percent or better
Consumer Credit Grew Nearly 8 Percent Over The Month Of November
Through figures from the Federal Reserve Board, NAHB Eye on Housing reports that consumer credit increased by a…
Mississippi Is Home To The Most Affordable Beach Towns
With a short coastline along the Gulf of Mexico, Mississippi isn’t really known for its sandy beaches. Maybe that’s why houses near the…
Foreclosure Filings Hit 10-Year Low
Only 933,000 foreclosure filings were made in the U.S. last year, the lowest in 10 years and a 14 percent drop from 2015.
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