April New Home Sales: Up 12 Percent From 2017, With the Lowest Median Price in a Year
New home sales fell 1.5 percent from March to 662,000 units (SAAR) in April but remain up 11.6 percent from a year earlier. The median seasonally adjusted price of new homes sold in April fell 6.5 percent from March to $312,700, its lowest level in a year.
Rapid Reaction: April New Home Sales
April new home sales fell 1.5 percent from March to 662,000 units (SAAR), according to the U.S. Census Bureau, and were up 11.6 percent from a year ago. Data from the first three months of the year was downwardly revised by a combined 41,000 units.
2020 Vision: Experts Say Next Recession Looms at Decade’s End
Experts largely expect the next recession to begin in 2020, in line with prior expectations expressed in the latter half of 2017. But unlike last year, experts these days are less worried that geopolitical events might tip the economy into the red, and more concerned over monetary and trade policy.
April Home Sales Forecast: Retreat From Recent Highs
New home sales have surged since the start of the year, rising in March to their second-highest level since the housing bust. We expect this three-month trend ended in April.
Oil Prices, Fed Comments Push Mortgage Rates to Five-Year High
A combination of strong data, geopolitical risk and comments from several Federal Reserve officials contributed to the jump.
Boosts in Wages, Inflation and Oil Prices Keep Mortgage Rates Aloft
Last Friday’s monthly jobs report was not stellar, but probably sufficient to keep an expected interest rate hike in June on track.
12 Places With the Most Vacation Homes
Ever visited a place where it seems like even the locals are on vacation? You might be right.
Notable Housing Numbers From April 2018
30.3 percentage points: The gap between white and black homeownership rates, which has widened since 1900. 21.6%: Share of income the typical renter in Pittsburgh -- the most affordable major rental market in the country -- pays in rent.
Mortgage Rates Touch Highest Levels in Four Years
Mortgage rates retreated late last week from the four-year highs they had touched during the previous week.
Rapid Reaction: Q1 2018 Homeownership Rate
The seasonally adjusted Q1 2018 homeownership rate was 64.2 percent, according to the U.S. Census Bureau, unchanged from Q4 2017 and up somewhat from 63.6 percent in Q1 2017.
