The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in.
Tag: First American
Odeta Kushi from First American: Twin Market Dynamics Continue to Stifle Existing-Home Sales
The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in.
First American’s Odeta Kushi: Twin Market Dynamics Continue to Stifle Existing-Home Sales
The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in.
First American’s Odeta Kushi: More Homes for Sale Sparks Uptick in Housing Market Activity
In the housing market, the seller and the buyer are, in many cases, the same. To buy a new home, you must sell the home you already own.
First American Chief Economist Mark Fleming: An Overvalued Housing Market May Be Returning
In March, mortgage rates increased and affordability fell modestly by 0.1 percent compared with February, according to the Real House Price Index. On an annualized basis, affordability decreased by approximately 5 percent.
First American’s Odeta Kushi: Sales Activity Driven by the ‘Five Ds’ Amid Persistent Market Headwinds
The month-over-month progress is welcome news for a housing market that has struggled to gain momentum. What could be driving the uptick in sales activity?
First American’s Odeta Kushi: Sales Activity Driven by the ‘Five Ds’ Amid Persistent Market Headwinds
The month-over-month progress is welcome news for a housing market that has struggled to gain momentum. What could be driving the uptick in sales activity?
First American’s Mark Fleming–How ‘Higher for Longer’ Impacts the Housing Market
In January, mortgage rates declined and affordability improved by nearly 2 percent compared with December, according to First American’s Real House Price Index. However, on an annualized basis, affordability decreased by approximately 7 percent.
New Home Sales Grew in December
Per the U.S. Census Bureau and U.S. Department of Housing and Urban Development, sales of new single-family homes in December hit a seasonally adjusted annual rate of 664,000.
Inflation Increases Slightly in December
The headline inflation rate increased modestly during December, the Bureau of Labor Statistics reported Thursday.