Live News

• First-time homebuyers are being insulated by slower market conditions. Will it last? Oct. 29th 2024
  In the wake of the Sitzer/Burnett verdict, many real estate professionals were concerned about the impact on first-time buyers. Where do they stand today?

• October jobs report will influence Fed policy, mortgage rates path Oct. 29th 2024
  Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month.

• Case-Shiller home-price index slows, but rising mortgage rates could speed it up again Oct. 29th 2024
  The S&P CoreLogic Case-Shiller National Home Price Index posted a 4.2% gain year over year, slightly less than the 4.8% growth in July.

• The unexpected strength of home prices this year Oct. 28th 2024
  Given mortgage costs, weak homebuyer demand, and the year’s rising supply of unsold homes, home prices should have receded. They have not.

• Housing inventory fell last week. Have sellers called it quits? Oct. 26th 2024
  The inventory growth rate went negative last week. To see if this is impacting sellers, check the new listings data and active listings.

• 22 U.S. metros where buying a home is cheaper than renting Oct. 25th 2024
  Many renters think they’re saving money by renting, but long term, that might not be true. In some of the U.S.’s largest metros, a monthly mortgage payment is less expensive than the average rent. But there are many factors surrounding affordability—how do city dwellers make this decision? 

• New-home sales beat estimates but need a dose of reality Oct. 24th 2024
  The new home sales report beat estimates, but the last three months were revised lower in sales, without a recent spike in mortgage rates.

• Demand for distressed homes is dropping. What that means for the housing market Oct. 24th 2024
  Auction.com said that demand for distressed homes, including bank-owned properties and foreclosures, shrank for a second straight quarter.

• New-home sales continue to rise, diverging from existing-home sales Oct. 24th 2024
  New-home sales hit a seasonally adjusted rate of 738.000, which is 4.1% higher than in August and 6.3% higher year over year.

• Portrait of a pre-foreclosure peacemaker Oct. 24th 2024
  “My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.”