Blog Archives

New-Home Sales Still Weighed Down

July new-home sales were still weighed down, dropping 1.7 percent to 627,000, according to the Commerce Department. Inventory in July was 309,000, representing 5.9-months’ supply, and the median price was $328,700. “Although this month marks the lowest sales pace since last October, we continue to see solid housing demand due to economic strengthening and positive […]

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Buyers Lured to Midwest:

Buyers are eyeing the Midwest, where, compared to the coasts, there are more practical prices, according to the latest ranking by®. July’s hottest housing markets, based on days on market and online views, were: 1. Midland, Texas Age of Inventory (Median): 29 days 2. Fort Wayne, Ind. Age of Inventory (Median): 34 days 3. […]

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NAHB: Affordability Hits Lowest in 10 Years

Affordability has hit its lowest in 10 years, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunities Index (HOI) for the second quarter of 2018. Approximately 57 percent of homes sold in the second quarter were affordable based on income (the median, nationally, is $71,900), down from roughly 62 percent in the […]

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Homes by the Millions ‘Missing’ Thanks to Underbuilding

With building halted in the recession and construction at insufficient levels since, there is a 6.3 million deficit in the housing stock, according to an analysis newly released by Zillow. From 2008 on, there have been 1.9 approved building permits (single-family) per 1,000 people—but, historically, the number has been 3.9. According to the analysis, if […]

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Confidence in Housing Teeters

After a positive start to the summer, the confidence consumers have in housing is teetering, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) for July. At 86.5, the Index sunk 4.2 percentage points month-over-month, and 0.3 percentage points year-over-year. Twenty-four percent of homebuyers were optimistic about purchasing—a four-percentage point dip from June—and 41 […]

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Affordability Challenges Keep Millennials on the Sidelines

Affordability is fading fast—and although millennials are eager to enter the market, and succeeding, they’re bearing the brunt of the challenge, according to recent research. Sixty-three percent of millennials under 29 are challenged by the cost of homeownership, according to a CoreLogic and RTi Research study. The expense, in fact, is their No. 1 reason […]

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Inventory: Is the Drought Easing?

When it comes to the housing market, the conversation has been dominated by pricey properties and short supply—but, under the radar, there has been an improvement in inventory, according to®’s recently released July 2018 Monthly Housing Trend Report. The easing, however, is not at the entry level, but in the high-priced tier. In July, […]

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Case-Shiller: Housing Market Pressured by Prices

Affordability is beginning to drag on housing, and there is little price relief in sight, according to the latest S&P CoreLogic/Case-Shiller Indices, which found May prices rising steadily, at 6.4 percent year-over-year. “Not only are prices rising consistently; they are doing so across the country,” says David M. Blitzer, chairman and managing director of the […]

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