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Existing home sales retreated in March: NAR Apr. 18th 2024
Home prices rose last month even as fewer sales occurred and unsold inventory grew
Home prices kept climbing at a brisk pace in March: First American Apr. 17th 2024
National prices are now 52% higher than pre-pandemic levels
California home sales sink in March Apr. 17th 2024
State Realtors report a slow start to the spring season, although price growth remains positive.
Powell makes it clear: No rate cuts anytime soon Apr. 16th 2024
Powell made statements that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong.
As inflation heats up, mortgage rates also rise Apr. 16th 2024
Even with more available homes for sale, higher borrowing costs are likely to limit sales growth
Do housing starts show we’re going into a recession? Apr. 16th 2024
Housing leads the U.S. economy into and out of a recession, as housing starts fall into a recession and rise when we are recovering.
The new-home market is losing momentum Apr. 16th 2024
Even with a drop in housing starts, the new-home market will likely continue to outperform the existing-home market over the near term.
Coastal California metros were the priciest in March: Zillow Apr. 15th 2024
Competition for listings is set to ramp up in May and June
High mortgage rates are fueling strong inventory growth Apr. 15th 2024
Higher mortgage rates have forced available inventory to climb all year. How will homebuyers and sellers react?
Nevada governor urges Biden to act on affordable housing Apr. 15th 2024
Joe Lombardo submitted a letter to President Biden asking for curbs to federal spending in addition to affordable housing action in the Silver State