• A silver lining: Most Americans still view housing as a good investment
    by jguerin@housingwire.com on May 22, 2019 at 9:24 pm

    A majority of Americans – 65% – think it is still a good idea to invest in a home, according to the latest survey of consumer expectations of housing by the Federal Reserve Bank of New York. While this hasn’t changed much from last year, the attitudes of younger Americans have. […]

  • This is how much you need to earn to live in America’s most expensive cities
    by jguerin@housingwire.com on May 22, 2019 at 8:29 pm

    The most expensive cities to live in are – you guessed it – in California. But how much, exactly, do you have to make in order to afford to live there? A recent study by HSN.com revealed the least and most affordable U.S. cities and what salary you’d need to pull in to live there, and this is what it found. […]

  • April’s dip in home sales may portend “significant gain” in May, economist says
    on May 22, 2019 at 7:21 pm

    Housing economists were left scratching their heads this week over a NAR report showing U.S. existing home sales fell in April. In the prior month, pending home sales climbed to an eight-month high and were up by nearly 4% from the prior month. You sign a contract and a month or two later you buy the home. That’s the way it’s supposed to work. So what gives? […]

  • This is how Amazon’s presence is transforming Arlington’s housing market
    on May 22, 2019 at 6:58 pm

    When Amazon announced plans to open its second headquarters in Arlington, Virginia, concerns regarding the local housing market began to manifest. Now, Redfin indicates Amazon’s presence has impacted the area – by increasing home prices nearly 18%. […]

  • April’s depreciating home prices could signal the market reached its peak
    on May 22, 2019 at 5:37 pm

    In April, the median U.S. home depreciated 0.1% in value from the previous month, marking the first monthly decline in seven years, according to Zillow’s latest housing market report. Zillow Director of Economic Research Skylar Olsen said the likelihood that home values have peaked in several local markets is real. […]

  • Hey, Mr. President, what about removing lumber tariffs to make homes affordable?
    on May 21, 2019 at 9:16 pm

    Canadian softwood lumber used to build U.S. homes currently carry tariffs of about 20%. That adds $9,000 to the price of a typical new home and more than $3,000 to the cost of a multifamily unit, NAHB said. At a time when all eyes are on U.S. housing affordability issues, the trade dispute with Canada is “needlessly driving up housing costs,” Greg Ugalde, chairman of NAHB, said in a statement. […]

  • WSJ: That wave of Millennial homebuyers may never come crashing
    by jguerin@housingwire.com on May 21, 2019 at 8:16 pm

    The housing market has been in a bit of a slump, and a number of industry players are banking on a coming wave of Millennial homebuyers to prop it back up. But according to a recent article in The Wall Street Journal, those young buyers may never come knocking. […]

  • NAR: Monthly existing home sales fall 0.4% in April
    on May 21, 2019 at 2:08 pm

    In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said he is not overly concerned about April’s 0.4% dip in sales and expects moderate growth very soon. […]

  • Mortgage Tech Rundown: Calyx Software, Finastra and Optimal Blue
    on May 20, 2019 at 7:02 pm

    This week’s mortgage tech rundown highlights the latest news in mortgage technology, featuring product updates, integrations and announcements. […]

  • Want to make more money selling your home? Don’t move out
    on May 20, 2019 at 5:32 pm

    Redfin says America’s vacant homes are not only selling for less money, but they’re also spending more time on the market. In fact, Redfin’s data indicates the average vacant home now sells for $11,306 less and spends six more days on the market than comparable occupied homes. […]