Home Value Growth Continues Steady Normalization as Inventory Creeps Up (July 2019 Market Report)
The annual pace of U.S. home value growth slowed for the seventh straight month in July as the market continues to normalize and slowly find more balance between home buyers and sellers.
Mortgage Rates Slip Slightly Despite Dizzying Week For Markets
Developments in trade discussions between the U.S. and China again took center stage this week, eventually pushing bond yields to multi-year lows after a dizzying stretch of sharp inclines and declines.
People Want A/C More Than They Want to Be Near Family and Friends
More than three-quarters (76%) of home buyers say air conditioning is “very” or “extremely” important, and two-thirds (66.4%) of renters agree. A far smaller share of each group says it’s similarly important to be near family or friends: 46.7% of buyers and 36.2% of renters.
Trade Battle Sinks Mortgage Rates
Rates fell sharply after the U.S. and China each took steps to escalate their months-long dispute.
Musicians Struggle to Afford Housing in ‘Music City’ Nashville
Nashville is known as Music City, but many homes on both the for-sale and rental market remain out of reach for musicians and singers. In the entire Nashville metro area, musicians could afford the monthly mortgage payment in about three-quarters of ZIP codes, thanks to low mortgage interest rates. But the typical musician could afford rent in just five of the Nashville metro area ZIP codes.
Mortgage Rates Due to Slide After Fed Guidance Catches Market Off Guard
Despite strong economic releases, unexpectedly weak home construction data and concerns about international trade relations tempered mortgage rate increases over the past seven days.
802,555 Homes at Risk of 10-Year Flood Inundation by 2050
In a third of all coastal states, new housing is being built faster in 10-year flood risk zones than in non-risk zones.
Homeownership Up Among People Under 35 (Q2 2019)
In a surprising turn, while their older peers have apparently been pulling back, the homeownership rate in the under-35 age bracket increased.
