Two maps that show where the housing market is struggling
Grades on market conditions for both the resale and new-home markets show that sentiment among agents and builders is souring.
Housing Market Data
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More home sellers and home sales in May
The risk for this market is mortgage rates going higher. Even as the stock market has rebounded, the bond market has kept rates high.
Home sales disappoint at the end of April
Weekly single-family home sales came in 8% below the same time last year, and condo sales came in 19% fewer.
Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
The typical homeowner saw their property tax bill rise 2.7% last year
Attom said the average tax bill rose to $4,172, up 2.7% from 2023. That increase was smaller than the 4.1% hike seen the year before.
Did recent wild mortgage rate swings impact housing data?
Until the markets gain some clarity on the tariffs, the economic data is taking a back seat. Mortgage rates and purchase apps are up.
First American: Home sales are weaker than they seem
First American’s Mark Fleming said the slowdown is tied to the mortgage rate lock-in effect and older homeowners who choose to age in place.
Florida’s housing affordability crisis is reaching a breaking point
Cotality’s study reveals a state at a crossroads. Early signs mirror California’s housing collapse that triggered a mass exodus of residents.
Barry Habib shares 2025 mortgage forecast at Housing Economic Summit
Barry Habib’s highly anticipated 2025 housing market forecast premiered during HousingWire‘s Housing Economic Summit on Wednesday in Dallas. Habib, the CEO of MBS Highway, kicked off his by presentation by referencing his 2024 forecast, telling the crowd of 250-plus that he hit the mark for home price appreciation and predicted lower numbers than expected for […]
DOGE accessed confidential HUD data on housing discrimination, report says
Elon Musk’s Department of Government Efficiency (DOGE) has accessed U.S. Department of Housing and Urban Development (HUD) confidential data related to housing discrimination, according to a report from non-profit investigative journalism outlet ProPublica. ProPublica said its findings are based on information obtained and confirmed through HUD sources.