April Case-Shiller: Growth Slows Somewhat, but Remains Stable
April Case-Shiller data indicate a slight but widespread slowdown in home price growth compared to March, with all three major indices growing less quickly than expected, though at a pace still very much in line with the past few months.
A Crack in the Code: Why Even Some Tech-Employed Renters Can’t Find Affordable Housing
Just because the average tech renter is doing OK, we shouldn’t think everyone in the field is having an easy time making ends meet.
May 2016 Market Report: Bottom-Tier Volatility and Top-Tier Stability Reveals A Tale of Two Markets
Rapid and accelerating growth in entry-level U.S. home values, and the affordability squeeze it’s causing for the market’s core, has gained a lot of attention lately. But flying largely under the radar has been an almost year-and-a-half-long stabilization in home value growth among top-tier U.S. homes.
Key Takeaways from the May New Home Sales Report
May new home sales fell 6 percent from April, to 551,000 units at a seasonally adjusted annual rate (SAAR), in line with expectations (figure 1). Compared to a year ago, May new home sales were up 8.7 percent.
Rapid Reaction: May New Home Sales
May new home sales fell 6 percent from April to 551,000 units (SAAR), according to the U.S. Census Bureau. New home sales were up 8.7 percent from May 2015.
Key Takeaways from the May Existing Home Sales Report
May existing home sales increased largely in line with expectations, up 1.8 percent from April to 5.53 million units at a seasonally-adjusted annual rate (SAAR), according to the National Association of Realtors.
Rapid Reaction: May Existing Home Sales
It's encouraging to see another month of growth, the third in a row, in today's May existing home sales report. But beyond that, it offers buyers little good news to grasp onto.
May Home Sales Forecast: Trends Point to Continued Upward Climb
May home sales should continue their recent upward trajectory. Existing home sales are poised to extend a recent string of consecutive monthly gains, while sales of new homes look set to fall a bit from April’s high-water mark but remain up from a year ago.
Condos, Colonials and Cabins: Popular Listing Descriptors for Urban, Suburban and Rural Areas
The U.S. landscape changes dramatically as we move from our bustling urban centers to the sprawling suburbs and on to the vast open spaces of rural America. And as the landscape changes, so too does the way we describe homes listed for sale in these different regions.
Rising rents, low interest rates and strong expected home value growth make buying a home instead of renting it an increasingly attractive financial option for those who can afford to do so.
