A new report on Realtor.com shares the results of the Fall 2023 Wall Street Journal/Realtor.com Emerging Housing Markets Index, highlighting the top 20 emerging markets for the season.
Fannie Mae, CoreLogic, and Zillow are forecasting year-over-year increases in home values in the coming year, while Moody’s Analytics and Morgan Stanley are predicting single-digit national home price declines.
With rates at 8%, a new Redfin report shows a housing market poised to finish 2023 with about 4.1 million home sales nationwide—the fewest since 2008. Byron Lazine shows how the potential for earning is still high for skilled and motivated real estate agents.
A new Redfin report shows homebuyers now need a household income of $115,000 to afford a median-priced home. That’s roughly $40,000 more than the typical U.S. household earns.
Byron Lazine shares his perspective on a recent RFK Jr Tweet with the president-hopeful’s idea for fixing the U.S. housing affordability crisis, along with some comments on the Tweet and a response from HW’s Logan Mohtashami.
Realtor.com® has identified the ten Hottest ZIP Codes of 2023. And while housing affordability (or the lack thereof) is still a major issue driving buyer activity, this year’s list shows it’s not the only one.
A new Redfin report on affordability near schools shows the typical U.S. teacher can afford only 12% of the homes for sale within commuting distance of the school where they work—down from 17% last summer and 30% in 2019.
The Fannie Mae Home Purchase Sentiment Index® saw a slight increase in July as consumer sentiment on job security and household income improved or remained high. But 82% of respondents believe it’s a bad time to buy a home—up from 78% in June.
Black Knight released its August 2023 Mortgage Monitor Report, showing a record high home price index (HPI), with new highs in 60% of U.S. markets. Annual home price growth rose to +0.8% in June, driving up homeowner equity to within 3% of 2022 peaks.
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.
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.
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.
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