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Articles of Interest

Rising Mortgage Rates Hitting U.S. Home Buyers' Budgets

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December 28, 2018 9:02 AM

According to Zillow, home-value growth in the U.S. is slowing, home price cuts are more common and for-sale inventory is up. Sounds like relief is imminent for home buyers, right? Not so fast. Mortgage rates have been steadily climbing for the past two years and could approach 6 percent by the end of 2019, dulling those factors.

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U.K. Luxury Country Home Prices Slip in Late 2018

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December 28, 2018 8:12 AM

According to international property consultant Knight Frank, the annual change in prices in prime regional housing markets in England and Wales fell for the first time in 18 months in 2018, according to Knight Frank figures.

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California Home Sales Continue to Sputter in November

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December 27, 2018 8:14 AM

Based on a new report by the California Association of Realtors, California home sales remained on a downward trend for the seventh consecutive month in November 2018 as prospective buyers continued to wait out the market.

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Miami Home Sales Continue to Enjoy Monthly Gains in November

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December 26, 2018 9:01 AM

Total Miami-Dade County Florida home sales increased 7 percent year-over-year in November 2018, marking the market's fifth consecutive month of year-over-year transaction gains.

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New York State Home Prices Rise 10 Percent Annually in November

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December 26, 2018 8:12 AM

According to a new housing market report by the New York State Association of Realtors, statewide in New York, the median home sales price continues to trend on a positive note, rising sharply in November 2018.

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For Third Straight Month U.S. Housing Inventory Grows

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December 21, 2018 8:03 AM

According to Zillow's November Real Estate Market Report, after nearly four years of annual declines in inventory, the number of homes for sale has now increased year-over-year for three straight months.

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U.S. Home Sales Uptick in November, Second Consecutive Month

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December 20, 2018 8:27 AM

According to the National Association of Realtors, Existing-home sales in the U.S. increased in November 2018 for the second month in a row. Three of four major U.S. regions also saw gains in sales activity last month.

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Home Buying in U.S. Softens in Late 2018, Says NAR

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December 19, 2018 9:04 AM

According to a new survey by the National Association of Realtors show that despite a favorable view on the economy and the direction of U.S. home prices, the sentiment on home buying continued to diminish at the close of 2018.

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Residential Mortgage Applications Dip in Mid-December

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December 19, 2018 8:21 AM

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 14, 2018, U.S. mortgage applications decreased 5.8 percent from one week earlier.

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U.S. Builder Confidence Index Dives in December

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December 18, 2018 9:02 AM

The National Association of Home Builders is reporting this week that U.S. home builder confidence for newly-built single-family homes fell four points to 56 in December 2018, based on the National Association of Home Builders/Wells Fargo Housing Market Index.

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Orlando Housing Inventory Rises for First Time in 3 Years

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December 18, 2018 8:18 AM

The inventory of homes available for purchase in the Orlando area has experienced its first year-over-year increase since July of 2015. The overall inventory in November 2018 is 1.7 percent higher than in November 2017.

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Property Millionaires on the Rise in Ireland in 2018

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December 17, 2018 9:16 AM

According to Daft.ie's 2018 Wealth Report, the number of homeowners in Ireland whose property is worth €1m or more - making them "property millionaires" - has surpassed 5,000. The total number of property millionaires now stands at 5,305, a change of 452 or 9% since June of this year.

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Millennials Most Likely to Put Less Than 20 Percent Down Payment

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December 17, 2018 8:07 AM

According to new Zillow research, forty-three percent of U.S. homebuyers nationally put down 20 percent or more. Atlanta and Phoenix had the smallest share of buyers -- at just over 30 percent -- putting that much down.

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Global Home Price Growth Slows to 2-Year Low Pace in Q3

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December 14, 2018 9:04 AM

According to International property consultant Knight Frank, the average value of residential property across 57 countries and territories worldwide increased by 4.9% in the year to September 2018, the index's lowest annual rate of growth for two years.

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U.S. Mortgage Rates Drop to 3 Month Low in December

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December 14, 2018 8:09 AM

According to Freddie Mac's latest Primary Mortgage Market Survey for the second week of December 2018, U.S. mortgage rates dropped significantly after several weeks of moderating.

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Mortgage Refi's in U.S. Plummet 21 Percent, Lowest Levels in 18 Years

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December 13, 2018 9:01 AM

681,455 refinance mortgages in the U.S. secured by residential property (1 to 4 units) were originated in the third quarter, down 15 percent from the previous quarter and down 21 percent from a year ago to the lowest level as far back as data is available -- Q1 2000.

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New Home Sales in U.S. Dive 9 Percent in October

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December 13, 2018 8:12 AM

According to the U.S. Department of Housing and Urban Development, sales of newly built, single-family homes in the U.S. fell to a seasonally adjusted annual rate of 544,000 units in October 2018, after an upwardly revised September report.

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Homeless Rate in U.S. Down 13 Percent Since 2010 Market Crash

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December 12, 2018 8:58 AM

Zillow is reporting this week that rising residential rents across the U.S. are burdening financially limited renters, and contributing to higher rates of homelessness in many of the nation's least affordable housing markets.

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Mortgage Applications Uptick in Early December

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December 12, 2018 8:04 AM

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 7, 2018, mortgage applications rose 1.6 percent from one week earlier.

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Most Americans Believe the U.S. Has a Nationwide Housing Affordability Crisis

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December 11, 2018 9:04 AM

Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well.

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