In an effort to help first-time homebuyers facing affordability headwinds, Pulte Group is ramping up production of homes priced for entry-level shoppers.
Overall mortgage application volume was up 6.6 percent year-over-year last week, but dropped 7.3 percent over the previous week, per the latest index data from the Mortgage Bankers Association.
According to the Department of Commerce, sales of new homes were up 4.5 percent month-over-month in March at a seasonally adjusted annual rate of 692,000
New economist analysis of market conditions says that housing in 2019 is likely to have more activity than was previously anticipated, with stronger home sales and price appreciation.
Greenwich, Conn. is one of the wealthiest towns in the nation, but home sellers are "routinely selling for less than they paid," The Wall Street Journal reports.
In California's five most populous cities, renters earning the median income can afford a home sized between 333 and 640 square feet, according to a new study.
The "sister trends" of chilling home value growth and overall inventory gains are tied more to demand changes than supply, according to the latest market report from Zillow.
In a new market forecast, Grant Thornton chief economist Diane Swonk writes, "housing will tread water in 2019 as supply constraints and affordability problems offset any gains from slightly lower mortgage rates."
Existing-home sales were lower than experts anticipated in March, with distinct pressures on both the high- and low-ends of the market, according to the latest data from the National Association of Realtors.
Experts say that to help alleviate the chronic affordability crisis in California, single-family homeowners should be allowed to convert their garages into accessory dwelling units (ADUs).
