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• Prices for pending home sales reach record high Apr. 22nd 2024
  After a couple weeks of big jumps for mortgage rates, we’re still seeing relatively surprising strength in the housing market. In fact, some measures of home prices are now at their all-time highs, having surpassed the previous peak of two years ago.  We’re watching a few key factors to see if homebuyers are backing off [....]

• Finally, some healthy housing inventory growth Apr. 20th 2024
  Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25%, something I couldn’t get all last year.

• Prices for luxury homes soared in the first quarter  Apr. 19th 2024
  Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1,225,000.

• Pennsylvania home sales surge in March Apr. 19th 2024
  Even as the spring homebuying season got off to a slow start across much of the U.S., one of the most populous states saw increased activity.

• Why are existing home prices rising when sales are still so low? Apr. 18th 2024
  Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.

• Elevated mortgage rates, home prices harm affordability: Redfin Apr. 18th 2024
  The median monthly housing payment for U.S. homebuyers rose to a record $2,775 during the four-week period ending April 14.

• Existing home sales retreated in March: NAR Apr. 18th 2024
  Home prices rose last month even as fewer sales occurred and unsold inventory grew

• Home prices kept climbing at a brisk pace in March: First American Apr. 17th 2024
  National prices are now 52% higher than pre-pandemic levels

• California home sales sink in March Apr. 17th 2024
  State Realtors report a slow start to the spring season, although price growth remains positive.

• Powell makes it clear: No rate cuts anytime soon Apr. 16th 2024
  Powell made statements that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong.