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A house with balloons flying in the sky Home affordability down 5% in 1Q – 10-15% by year end

GREENSBORO, N.C. – April 17, 2018 – U.S. housing became less affordable in the first quarter and the cost of carrying a mortgage could increase by the end of year – making 2018 affordability more challenging than it’s been in decades, according to the Spring 2018 edition of The Housing and Mortgage Market Review (HaMMR). …continue

Piggy bank and model house on dollars Rising rents pushing millennials to become homeowners

SANTA CLARA, Calif. – April 2, 2018 – This year, the typical spring buyer is on the hunt for a three bedroom, two-bathroom home with a garage and up-to-date kitchen, according to a new survey released from realtor.com. The survey also found that family needs and rising rents are motivating millennials to get into the market, while 55+ buyers are looking for privacy and comfort in their new home.
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A for sale sign with palm trees and a beach. NAR: Feb. pending home sales reverse course, rise 3.1%

WASHINGTON – March 28, 2018 – Pending home sales snapped back in much of the country in February, but weakening affordability and a lack of inventory restricted overall activity compared to a year ago, according to the National Association of Realtors® (NAR). …continue

A building that is being built in the middle of nowhere. FAU report suggests real estate cycle is hitting its peak

BOCA RATON, Fla. – March 13, 2018 – Current signs indicate that most U.S. housing markets are approaching a peak in the real estate cycle, but there’s little evidence to suggest prices will plummet as they have in the past, according to the latest national index produced by Florida Atlantic University (FAU) and Florida International University (FIU) faculty. …continue

A house with balloons flying in the sky Evaluating housing market since the Great Recession

IRVINE, Calif. – March 1, 2018 – A new CoreLogic® report, “Evaluating the Housing Market Since the Great Recession,” reviews the 11-year economic cycle surrounding the last U.S. housing market downturn. It takes a look at the boom and bust years between 2006 and 2011 and the ensuing recovery, with data through December 2017. …continue