On a regional basis compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South, and West.
Read More »CFPB Further Cracks Down on ‘Junk Fees’
After proposing a new rule last week to close a junk fee loophole, the Consumer Financial Protection Bureau has proposed a new rule to stop junk fees at the time of payment.
Read More »Home Price-to-Income Ratios Continue to Rise
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income—higher than at any point on record, dating back to the early 1970s.
Read More »Pending Home Sales Make Biggest Jump in Two Years
Month-over-month, pending home sales rose 4%, the biggest increase in over two years. A new report breaks down the latest, including the resurgence of bidding wars.
Read More »December Home Sales Fall Over 6% YoY
Existing-home sales faded 6.2% in December over the same month in 2022 while the median existing-home sales price rose 4%.
Read More »Desire for Luxury Homes Driving Market Optimism
Luxury consumers brought fresh energy to the housing market in 2023 as their ability to pay cash for a home and ignore the lock-in effect increased, according to a new Coldwell Banker Global Program report.
Read More »Dropping Rates Should Boost Home Sales in 2024
Fannie Mae’s Economic and Strategic Research Group predicts a gradual return to a more “normal” housing balance in 2024.
Read More »CFPB Aims to Close Overdraft Loopholes
Overdraft fees—colloquially known as “junk fees” in most circles—cost Americans billions of dollars a year, but a proposed rule from the Consumer Financial Protection Bureau would close one avenue of racking up these charges.
Read More »Gen Z Homeownership Rates Stagnate; Other Cohorts Post Gains
In 2023, Redfin found that Gen Zers were tracking ahead of where their parents were at the same age, but their homeownership rates still trailed behind compared to those of previous generations.
Read More »Q4 Single-Family Home Prices Increased More Than 7%
Quarterly, home prices rose a seasonally adjusted 1.7% in Q4 2023, a deceleration from 2.1% growth in the third quarter.
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