Home-Value Growth Slowing in Several Hot Markets (July 2018 Market Report)
The median U.S. home value climbed 8 percent over the last year to $218,000, but growth is slowing in 20 of the 35 largest U.S. housing markets, with Seattle and Tampa, Fla., reporting the greatest slowdowns.
Mortgage Rates Steady, Awaiting Fed’s Annual Meeting in Jackson Hole
Mortgage rates held steady this week and remain almost exactly where they stood a month ago.
Nearly $10K a Year: Taxes, Insurance, Other Homeowner Costs
U.S. homeowners can expect to spend almost $9,400 a year on costs associated with owning and caring for a home. That’s about $780 a month on top of a monthly mortgage payment.
Home Sales Forecast: July 2018
Home sales should rebound modestly in July after a disappointing June, but only barely.
Price Cuts Becoming More Common, Especially at the High End
The share of pricier homes available for sale at a discount from their original list price is growing, even as sellers of less-expensive homes seem somewhat less willing to consider a price cut.
Mortgage Rates Lower on Turkey Turmoil
Mortgage rates fell last week after the collapse of the Turkish lira prompted financial market fears.
They Don’t Build Them Like They Used To: The New Construction Shortage
If permits were issued at historic rates (defined on a per incremental capita basis) over the last 10 years, there would have been some 2.3 million more single-family homes built nationwide.
List of $1M (Home Value) Cities Could Grow by 23 in the Next Year
Only 197 cities of more than 10,000 analyzed have a median home value of $1 million or more. Another 23 cities are expected to join the list in the coming year.
Mortgage Rates Fall on Weak Jobs Data
After trending higher last week, mortgage rates dropped slightly this week in response to an unexpectedly weak July jobs report.
