New construction remains popular as existing home listings continue to lag
The NAHB index rose 3 points in March, its highest level since July. (iStock) Newly built homes are becoming more popular due to the low inventory of existing homes. of National Association of Home Builders/Wells Fargo Housing Market Index This index, which shows the market conditions for new home sales, rose 3 points to 51 […]
Spring homebuying season brings slightly more optimism as listings continue to rise
The home purchase sentiment index rose 2.1% in February. (iStock) The spring buying season is heating up as more homes hit the market and homebuyers are eager to make purchases now that the winter frosts have subsided. fannie mae’s Home purchase sentiment indexThe index showing home sales rose 2.1 points in February. This is the […]
Home listings are rising, but buyers aren’t buying due to high interest rates
The number of home listings recorded the largest increase in the past three years. (iStock) As of the end of February, the number of housing listings had increased by 13% compared to the previous year. According to a Redfin report. This is his biggest increase in three years. The total inventory in the market has […]
Just over 15% of home listings were considered affordable in 2023: Redfin
Housing has become unaffordable for the majority of Americans. (iStock) Mortgage rates are finally starting to come down, but large parts of the country remain unaffordable. According to a recent report from Redfin. Only 15.5% of homes listed for sale in 2023 were considered affordable to the average U.S. buyer. This is the lowest share […]