Housing

According to Redfin Corp (NASDAQ: RDFN) data, a record number of houses are being delisted as sellers confront a significant reduction in interest. During the three months ending Nov. 20, 2% of houses for sale were delisted without being sold, according to Redfin. This compared to 1.6% a year...

Back in 2011, Amazon.com, Inc (NASDAQ: AMZN) founder Jeff Bezos invested in Airbnb Inc’s (NASDAQ: ABNB) Series B through his personal venture-capital firm, Bezos Expeditions. According to Pitchbook data, the round totaled $112 million in fundraising for Airbnb, with investments from...

If the U.S. residential housing market were a vehicle, it would be stuck in park right now. And while some opportunities may be coming that would allow investors to shift back into drive, the overriding consensus is to keep the car in the driveway for now.  Home prices are too high to appeal...

A homebuyer must earn $93,684 to afford the $2,342 monthly mortgage payment on the typical U.S. home. That's down 14.51% from one month ago, and up 21.37% from $73,668 a year ago. This is owing to mortgage rates more than doubling in the last year, along with consistently high property prices....

Homebuilders are increasing incentives just as they did before the COVID-19 pandemic to entice potential buyers of newly constructed homes amid slowing sales. These factors include rising mortgage rates, increased pricing and shifting consumer perception. What Happened: Data from...

The baseline conforming loan ceiling for mortgages sponsored by Fannie Mae and Freddie Mac in 2023 will be $726,200, up 12.21%, or $79,000, from 2022, according to a report issued Tuesday by the Federal Housing Finance Agency (FHFA).What Happened: The federal government will support mortgage loans...

According to data issued on Tuesday by Mortgage News Daily, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell for a third week in a row, from 6.67% to 6.49%. While this is good news for potential buyers holding off on making a purchase, analysts...

The Housing Affordability Index, measured by the National Association of Realtors, determines whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data. An index above 100...

Homebuyers who were fortunate enough to purchase in 2021 and earlier this year were able to lock in incredibly low mortgage rates. However, given the sharp rise in rates since then, individuals who currently have lower rates may be feeling the "lock-in effect," which some experts...

In recent months, tens of thousands of tech workers in positions that were previously considered to be secure and well-paying have been forced to move on, which might put strain on local communities that are already under pressure from the general housing market. What Happened: The layoffs, which...

According to a Redfin Corp (NASDAQ: RDFN) analysis, investor home purchases nationally decreased by 30.2% year over year in the third quarter, the biggest drop since the start of the pandemic. The Data: With the exception of the beginning of the pandemic, the quarterly decrease in investor...

Researchers at Morgan Stanley (NYSE: MS) expect the housing market to take a dive in 2023, blowing cold air on those who purchased a home in 2022. What Happened: Morgan Stanley anticipates a 4% year-over-year gain in U.S. home prices by the end of 2022 as determined by the Case-Shiller Index....

High mortgage interest rates may prompt a prospective buyer to look for non-loan options for buying a property. And, while the competition for a new home may not be as fierce as it was in 2021, you may still need to put in some extra effort to beat out the competition for the appropriate home. An...

Zillow Group Inc (NASDAQ: ZG) is out with its home value and sales index for the month of November, which forecasts a pullback in both sales and values. Here’s what you need to know if you’re a potential buyer. What Happened: According to Zillow's prediction, home value growth will...

According to a Redfin Corp (NASDAQ: RDFN) analysis issued this month, newly built single-family homes made up roughly one in three U.S. home sales in the third quarter. The third-quarter share was the largest ever recorded, up 25% over the previous year. The rise in "pandemic boomtowns,...