Even with more existing-home inventory on the market than last year, today’s potential home buyers face one of the least affordable markets in history due to record-high and still-rising home prices and elevated mortgage rates.
Tag: Odeta Kushi
Pending Home Sales Drop Again in May
Pending home sales slipped 2.1% in May, the National Association of Realtors reported Thursday.
Odeta Kushi from First American: Twin Market Dynamics Stifling 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.
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.
Jobs Report: 272,000 Added in May
The U.S. Bureau of Labor Statistics announced nonfarm payroll increased by 272,000 and the unemployment rate was at 4% in May.
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.
Jobs Report: U.S. Economy Adds 175,000 in April
Total nonfarm payroll employment increased by 175,000 in April, per the Bureau of Labor Statistics.
Housing Starts Fall in March
Housing starts fell 14.7% month-over-month and 4.3% year-over-year in March, per the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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?