by Beth McGuire | Jun 26, 2024 | Industry News, Latest News, National, News, Premier |
As mortgage rates remained elevated, tipping over the 7% mark last month, sales of new homes fell significantly in May, down 11.3% below the revised April rate of 698,000 and 16.5% below the same activity a year ago, according to the latest data released Wednesday by...
by | Jun 20, 2024 | Agents, Brokers, Industry News, Latest News, National, News |
Construction of new U.S. homes fell 5.5% in May, dropping to the lowest level since 2020, according to data released June 20 by the Census Bureau and the Department of Housing and Urban Development (HUD). The pace of construction worsened as builders are dealing with...
by | Jun 11, 2024 | Agents, Brokers, Latest News, National, News, Politics, Premier |
A new working paper produced by Joseph Gyourko and Fernando Ferreira—two researchers at The Wharton School of Business at the University of Pennsylvania—shows that supply of housing from city to city is not dependent on the political party in power, at least at the...
by | Jun 5, 2024 | Industry News, Latest News, National, News, Premier |
In May, median list prices showed an increase of 37.5% since May 2019, with inventory down 34.2% compared to typical levels between 2017 – 2019, according to a new realtor.com® housing report, with economists saying this indicates the market remains tilted...
by | May 16, 2024 | Industry News, Latest News, National, News, Premier |
With the U.S. still experiencing a housing shortage due to construction halts from the COVID-19 pandemic, housing completions, and starts, should continue to push positive, as each showed true in April—and the need for housing remains everlasting. According to data...