December New Home Sales: A Disappointing Stumble
After a string of blockbuster reports, December's new home sales data was a disappointing stumble right at the finish line of what was otherwise a very strong year.
Mortgage Rates Hold Steady Near 3-Month Lows
Mortgage rates continued to hold in the narrow range where they’ve existed for all of 2020 thus far, near their lowest levels in three months.
December Existing Home Sales: Saving the Best for Last
December existing home sales rose 3.6% from November and 10.8% from a year ago, to 5.54 million -- the highest level of 2019.
For-Sale Housing Inventory Falls to New Lows With No Signs of Slowing (December 2019 Market Report)
The housing market at the end of 2019 looked markedly different than the end of 2018, with inventory gains giving way to the lowest levels on record.
December Housing Starts: Capping Off the Best Year Since 2007
December housing starts rose 16.9 percent from November and 40.8 percent from a year ago, to slightly more than 1.6 million (SAAR) -- the highest level since December 2006.
Recovery Riches: The U.S. Housing Market Gained $11 Trillion in Value in the 2010s
The combined value of every residential home in the United States was $33.6 trillion at the end of 2019, up 3.4% ($1.1 trillion) from a year ago and 51% ($11.3 trillion) from the start of the decade.
Mortgage Rates Largely Shrug Off Jobs Report, Trade News
Mortgage rates stayed within a narrow range and ended the week slightly lower, largely unmoved by significant economic data releases and major geopolitical headlines.
There are 218 Million-Dollar Cities in the U.S., But the Stream of New Entrants is Running Dry
There are 218 cities with a typical home value of at least $1 million. More than half of these cities are in the San Francisco, New York and L.A. metros.
Why The Most Favorable Markets for Tech Expansion Aren’t Where You Might Think
Widely recognized tech hubs like San Francisco and Seattle are not the obvious spots for tech companies to expand and/or for new startups to set up shop.
Mortgage Rates Driven Almost Entirely by U.S./Iran Tensions
Mortgage rates fell to their lowest levels in a month this week before recovering slightly, driven down by increased tensions between the U.S. and Iran.
