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Housing Market

Monthly Market Update

Homebuying Demand Ticks Up, Mortgage Rates Tick Down

More homeowners are putting their houses on the market, with new listings increasing for the second week in a row after five straight months of declines.  U.S. pending home sales rose 2.7% year over year during the four weeks ending April 26, the biggest increase in six weeks. Mortgage-purchase applications have risen to their highest […]

More Than 50,000 Home-Purchase Contracts Fell Through in March

13.4% of home-sale agreements that went under contract in March were canceled. House hunters are getting cold feet as costs stay high and economic uncertainty is in the air.  Contract cancellations are most common in big-time buyer’s markets like San Antonio and Orlando, where home searchers have a lot of options.  They’re least common in […]

U.S. Home Prices Inched Up 0.1% in March

Home prices ticked up 0.1% month over month on a seasonally adjusted basis.  Prices rose 1.7% on a year-over-year basis–the slowest growth rate on record.  On a local level, prices fell in 13 major metros month over month, with the biggest declines in Texas and the biggest increase in San Francisco.  U.S. home prices inched […]

Late April Is the Best Time to List a Home For Sale

Aziz Sunderji, housing economist and founder of data visualization consultancy Home Economics, also provided data and analysis for this report.  Late April is a sweet spot for sellers; nationwide, homes listed during that period have the highest chance of selling fast and fetching more than the asking price. This is from a Redfin and Home […]
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