Zillow Acquiring $1 Billion Mortgage Originator
A company that originates in the range of $1 billion annually is being acquired by Zillow Group Inc. The deal is expected to create opportunities with real estate brokers.
Short Supply Continues to Drive Up Home Prices
There is no stopping U.S. home prices from rising thanks to ongoing housing supply shortages. Gains in San Francisco and Las Vegas are beginning to rival appreciation in Seattle.
Northeast Leads Rise in Pending Home Sales
After two months of weakening activity, more single-family properties went under contract than a month earlier -- though supply continues to be an albatross for the market. Out front of the improvement was the Northeast.
Tariffs, Trade War Dampen New Home Sales
New house sales turned sharply lower last month, and home builders blame escalating trade tensions for the weak showing. Still, sales in the Northeast soared.
Weak Supply Again Restrains Existing Home Sales
For the third month in a row, the sale of pre-owned residential properties has moved lower, and the drop was again blamed on a tight supply. The West took the biggest hit.
Midwest Leads Drop in Home Construction, Permits
Midwest and multifamily properties led a country-wide decline in new housing permits and new home construction. The West, meanwhile, kept the pace of completed construction from slowing nationally.
Home Builder Confidence Holds, Buyer Traffic Up
Despite an improvement in buyer traffic for new residential properties, a decline in the outlook for the rest of this year kept home builder confidence from improving.
Fed Conducts Stress Test on U.S. Households
A report from the Federal Reserve Bank of New York indicates that while the household sector is still vulnerable to severe home-price declines, it has recently become less risky.
Rising Home Prices Exacerbated by Tariffs
Just as relief was in sight for rapidly escalating home prices, new tariffs from the Donald Trump administration added more fuel to the fire.
Surge in South Drives Up U.S. New Home Sales
The sale of new single-family properties turned North last month, and it was the South that was responsible for most of the gain. A shift in pricing patterns was detected.