Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity.
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Category: Mark Fleming
NAR: Existing-home sales dip 1.5% in December
House prices, however, continued to rise, marking the 130th consecutive month for price gains, the longest streak on record, the National Association of REALTORS® said.
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NAR: Pending-home sales drop 10.2% in September
September is the fourth month in a row to see declining sales activity.
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Overvalued markets increasing as mortgage rates rise
Rising mortgage rates have led to a substantial increase in the number of markets considered overvalued.
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Rising interest rates could bring balance to the housing market
While rising interest rates may lead to more reductions in the housing supply, it may also bring some much-needed balance to the market.
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Housing affordability falls to lowest level since 2008
Housing affordability fell to its lowest level since 2008 in October as home prices rose 19.6% from last year.
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Home prices more affordable than the 2006 housing peak
Housing affordability has changed across all 50 top markets, proving to be more affordable than it was during the previous housing peak, according to First American Financial’s latest Real House Price Index.
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Home prices are 40% more affordable than at housing boom height
Income levels and mortgage rates gave homebuyers in June 129% more house-buying power than they had in 2006, according to First American Financial Corp.’s June Real House Price Index.
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Home prices are 40% more affordable than at housing boom height
Income levels and mortgage rates gave homebuyers in June 129% more house-buying power than they had in 2006, according to First American Financial Corp.’s June Real House Price Index.
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Housing affordability falls for a third straight month
Affordability declined in 49 of the 50 major markets according to the May 2021 First American Real House Price Index.
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