What the Federal Reserve Chair Says About Current Inflation Rates
Inflation is “notably” up, according to Federal Reserve Chair Jerome H. Powell, but he notes it’s…
Construction Excluded From New OSHA Standard
NAHB Policy Briefing | NAHB input on OSHA standard to protect workers from COVID-19; real estate values rise
Home Sales Return Strong in May to the Industry's Surprise
In an unexpected turn, home sales came back strong in May after several months of relaxing sales.…
FHA Will Change How Student Loan Debt Affects Eligibility
In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal…
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Economics
If Time Really Was Money, Homes are 50% Cheaper Than in 1980
Could housing be more affordable today than 40 years ago when the median home price was $64,600? By analyzing affordability through the lens of “…
Financials
More Than Half of Buyers Now Put Down 20% or More
Buyers hoping to distinguish themselves amongst a pool of bidders are increasingly putting down more cash and waiving inspection and appraisal…
Market Data + Trends
Has the Housing Market Reached its Peak?
The housing market remains incredibly competitive compared to pre-pandemic times, but buyers have begun to pull back, slightly cooling the market…
Financing
Some Buyers Fear the End of Low Mortgage Rates is Here
Both mortgage rates and applications to refinance a home loan increased slightly last week, reversing course of previous trends. Rates for 30-year…
Financials
Mortgage Rates Drop, But Not Enough to Boost Mortgage Applications
Mortgage application volume, refinancing applications, and mortgage rates took a hit last week compared to the previous week, reports CNBC.…
Economics
Buyers Pull Back on Mortgage Applications for Second Week
Despite lower mortgage rates, applications for a mortgage to purchase a home were lower than one year ago for the second consecutive week. High…
Market Data + Trends
New-Home Sales Take a Hit as Prices Rise
Increased building costs, lead times, and unstable supply chains are pushing home prices up and homebuyers out. New-home sales in April dropped 5.…
Market Data + Trends
A Quarter of Existing Homes Sold in April Went to All-Cash Buyers
A quarter of existing home sales in April were all cash, leaving first-time buyers with little leverage during the most competitive spring buying…
Financials
Mortgage Demand Pulls Back as Average Mortgage Passes $400,000
Higher home prices mean higher mortgages and buyers today are now applying for $411,400 mortgages on average, the highest since February. But a…
Market Data + Trends
Home Prices Increase in 89% of Markets During Quarter One
Home prices continue to rise across the country with 89% of markets posting price gains and the national median home price hitting $319,200.…
