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Housing Market

What First-Time Buyers Need to Earn to Afford a Home Today

A new Redfin report reveals first-time buyers in the U.S. need about 13% more income to afford a starter home compared to one year ago, largely due to a combination of higher mortgage rates and low inventory keeping home prices high, despite lower demand.

August 1, 2023

Open-plan living room with white sofas, a glass coffee table, and a linear fireplace, plus large windows and a mirrored wall.

Housing Market

The 10 Best Cities for Spacious Living—and the 10 Worst

StorageCafe published a report ranking the 50 largest U.S. cities by spacious living potential, based mainly on median square footage for homes and residential lots. Raleigh, NC, is number one for spacious living, while Philadelphia and Chicago come in dead last.

July 28, 2023

Man in a suit at a podium, resting his chin on his hand, during a conference or press event with a blue rising-arrow graphic in the background.

Housing Market

Boom, Bust, or Neither: Robert Shiller Predicts the Looming Trend in Home Prices

This week on the Hot Sheet, Byron Lazine broke down the newest home price indices from Case-Shiller and the Federal Housing Finance Agency (FHFA), as well as a housing market prediction from Robert Shiller.

July 28, 2023

Person holds a set of keys toward the camera with a large red downward-arrow graph in the foreground, suggesting falling housing prices or a downturn.

Housing Market

Few and Far Between: Home Turnover for 2023 Is at Its Lowest in Over a Decade

A new Redfin report shows only 1% of U.S. homes—about 14 of every 1,000—have changed hands during the first half of 2023. That’s the lowest national turnover rate in at least a decade.

July 20, 2023

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

Housing Market

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

Man in a suit gesturing while speaking, with a large suburban house in the background.

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.

Housing Market

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

What First-Time Buyers Need to Earn to Afford a Home Today

The 10 Best Cities for Spacious Living—and the 10 Worst

Boom, Bust, or Neither: Robert Shiller Predicts the Looming Trend in Home Prices

Few and Far Between: Home Turnover for 2023 Is at Its Lowest in Over a Decade

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

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

Top 10 Million Dollar Markets

Behind the Numbers: Is Consumer Confidence Hitting a Plateau?

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

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

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

Jealous Home Research: The Impact of Online Home Value Checking

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