Builders Say New Tariffs Are Devastating
Optimism within the home-building industry remained at its lowest level in 12 months, and pessimism is setting in as a result of a new round of tariffs.
CoreLogic Expects a Monthly Drop in Home Prices
While the country's home values continued to escalate, CoreLogic Inc. expects that when last month's final numbers are tallied, values will be lower than in the preceding month.
Short Supply Pushes Home Buyers To Tipping Point
An ongoing inadequate supply of residential properties for sale has pushed prospective homebuyers to a tipping point and driven down year-over-year listings seven months in a row.
Home Prices Gains Led by Sin City, Silver State
U.S. home prices continued to escalate thanks to historically low interest rates and a persistently tight supply of properties for sale. Las Vegas and its host state saw the biggest gains.
1-in-4 Seattle Homeowners Skip Mortgage
Seattle, which is one of the most expensive housing markets, has seen its population of homeowners without a mortgage balloon.
NE Plunge Drives New US Home Sales to 9-Month Low
With the sale of new homes in the Northeast sinking by more than half on a month-over- month basis, national sales dipped to a nine-month low. Sales in the Midwest and West, however, were stronger, while the U.S. inventory reached a nine-year high.
NE Leads Existing Home Sales Lower
Existing home sales fell to the slowest monthly pace in at least two years, with the Northeast seeing the biggest decline. The West, however, saw an increase.
Judgment Against RE Agent Impacts Mortgage Firms
A recent decision in a federal lawsuit has a real estate agent liable for negligently passing on fraudulent wiring instructions. The case has implications for mortgage lenders.
Construction Permits Up, Completed Constr Down
Even though the volume of housing permit issuance was up last month, the pace of completed construction slowed. Construction starts were little changed.
Builder Confidence Sinks to Nearly 1-Yr Low
As buyer traffic weakened, home builders grew more pessimistic about the new home market. Many continue to worry about the impact from decreasing affordability.