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Housing Market

Large golden '3%' symbol over a stock chart with rising lines and green numeric data, signaling financial growth.

Housing Market

Fannie Mae’s Home Price Index Reveals 3.0% Annual Increase in Q2 2023

The Fannie Mae Home Price Index (FNM-HPI) reading for Q2 2023 shows a 3.0% annual increase in home prices—down from the second quarter’s 4.9% revised annual growth rate—and, on a quarterly basis, a 1.9% seasonally adjusted increase from Q1 2023.

July 19, 2023

Median Homes Sales Price Increases Over $426,000 While Inventory Drops

A new Redfin report outlines the conditions of the real estate market in June, as home prices soar due to a record low number of properties for sale.

July 18, 2023

Aerial view of a hillside suburb with large houses, winding roads and many trees with pool-filled backyards nearby.

Housing Market

Top 10 Million Dollar Markets

A recent study by Point2 identified the top million dollar markets—small, mid-sized, and large—with the highest shares of homes listed above $1 million. California has four of the top five large markets with the highest shares of homes listed at over $5 million.

July 14, 2023

Meme-style collage of a woman looking confused with overlaid algebra and geometry equations and diagrams.

Housing Market

Behind the Numbers: Is Consumer Confidence Hitting a Plateau?

Fannie Mae has released its Home Purchase Sentiment Index report for June 2023, showing a monthly increase in consumer confidence of only 0.4 points to 66.0, as buyers still contend with both limited housing supply and affordability challenges.

July 13, 2023

Housing Market

3 Reasons Why Converting Office Space Won’t Solve the Housing Shortage

Here are three reasons why converting office space won’t solve the housing shortage. In the latest episode of Bloomberg’s Odd Lots Podcast, developer Joey Chilelli explains the challenges of converting vacant office buildings for residential use.

July 13, 2023

Cupped hands presenting a green upward arrow labeled HOME PRICES and an orange arrow labeled INVENTORY.

Housing Market

May Brings a New Record High for Home Prices as Inventory Stays at Record Lows

Black Knight’s May Mortgage Monitor report shows a new record high for home prices after five consecutive monthly home price gains, reversing the previous year’s pullback. Home prices climbed in 27 of the 50 largest metros with the biggest increase in Hartford, CT.

July 12, 2023

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Housing Market

Why Jim Cramer Says There’s a ‘Housing Inflation Problem’

CNBC’s Jim Cramer reacts to the Fed’s decision to hold rates steady after ten consecutive rate hikes. Pointing to housing as the issue at the epicenter of inflation, he speculates as to what it will take to end the cycle and effectively bring down inflation.

July 10, 2023

Aerial map of a suburban neighborhood with floating property cards showing addresses and prices, and a man in the foreground adjusting sunglasses.

Jealous Home Research: The Impact of Online Home Value Checking

A survey by Mphasis Digital Risk shows 66% of respondents (aged 46 and under) go online to check the values of homes owned by friends and acquaintances; nearly eight in 10 (79%) of those are bothered by what they find.

July 6, 2023

Sunset over a city skyline across a calm body of water, with rocks in the foreground.

10 Best Cities for Single-Family Rental Cash Flow

MyPerfectMortgage.com released a study on the best cities for single-family rental cash flow. Most of the top 101 are in the Midwest, Northeast, and South. California has eight of the ten worst cities for single-family rental cash flow.

July 5, 2023

Five red pennant flags on poles in the top row, five in the middle row, and three in the bottom row.

Housing Market

13 Flags that Can Make or Break a Deal in Real Estate

Learn how 13 different flags can have a major impact on the homebuyer’s decision to make an offer.

July 4, 2023

Bride and groom kiss beneath a copper-framed floral arch in a desert with tall cacti in the background, holding a bouquet of peach and pink flowers.

Housing Market

The Top Ten Cities for Newlyweds—and the Best Wedding Gift Ever!

A new report from StorageCafe reveals the top ten cities for newlyweds, based on factors that support a healthy and happy married life. And a new survey from Realtor.com and Censuswide reveals the #1 wedding gift according to 85% of the respondents.

July 3, 2023

Traffic light with red and green signals visible on a pole against a gray sky.

Housing Market

Mixed Data Complicates Macroeconomic Forecasts

Mixed data complicates macroeconomic forecasts as the June 2023 Commentary by Fannie Mae calls attention to low inventory, continued strength in the labor market, and the likelihood of recession as the Fed continues its restrictive monetary policy.

June 28, 2023