July Case-Shiller Results and August Forecast: Autumn Chill
A slight autumn chill has fallen over the housing market, and after an incredibly hot past few years, it’s probably fair to say the cooldown is a welcome development for many would-be home buyers.
August Existing Home Sales: Rapid Reaction
The housing market certainly isn't frozen – its long summer is far from over – but there’s a definite chill in the air.
Rents Flat Year-Over-Year for First Time Since 2012 (August 2018 Market Report)
Annual rent appreciation has slowed for six straight months and remained below 3 percent for the past 27 months.
Mortgage Rates Continue September Surge, Approach Five-Year High
A relatively quiet end to August has given way to a September in which rates have flown out of the gate — a surge that many analysts view as past due.
The Decade-Long Growth in Rentership Is Reversing
A decade-long surge in rentership came to an abrupt end in 2016, according to an analysis of data from the U.S. Census Bureau’s Homeownership and Housing Vacancy Survey.
August Housing Starts: Rapid Reaction
August housing starts were up 9.2 percent from July and 9.4 percent from a year ago, according to the U.S. Census Bureau.
Forecast for New and Existing Home Sales (August 2018)
Summer 2018 is poised to post a weak string of existing and new home sales when August data are released over the next two weeks: We expect both series to show month-over-month declines for the third month in a row.
Robust Jobs Data Push Mortgage Rates to Highest Levels in More Than a Month
Mortgage rates rose for the third consecutive week, riding an exceptionally strong jobs report to their highest levels in over a month.
Lower-Income Renters Pay Almost 2/3 of Their Income on Even Modest Apartments
Mortgage affordability – the share of median household income needed to afford a typical U.S. home – reached 17.5 percent in the second quarter 2018, higher than it’s been in nine years.
Strong Economy, Tax Cut News Push Mortgage Rates to Highest Levels in Weeks
Mortgage rates rode strong manufacturing data and news of potential tax cuts to their second straight week of gradual gains, reaching their highest levels in almost a month.
