housing markets

Housing Starts Jumped 5.8 Percent in December

Housing starts jumped 5.8% in December compared with November and were up 5.2% compared with December 2019, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.  Starts of new homes in December were at a seasonally adjusted annual rate of 1.669 million, up from an annual rate of 1.578 million in November. A …

Read More »

Redfin: ‘December Housing Market Felt More Like Spring Than Winter’

According to a new report from Redfin, the national median home-sale price rose 13% year over year to $334,300 in December, as home-buying demand stayed strong during the run-up to the holidays. Closed home sales were up 16% from a year earlier, and pending sales were up 35%, according to Redfin. New listings were up just 14%. “The December housing market felt more like …

Read More »

November Home Prices Saw Largest Annual Increase Since March 2014

U.S. home prices increased 1.1% in November compared with October and were up 8.2% compared with November 2019, according to CoreLogic’s home price index report. It was the largest year-over-year increase since March 2014. Currently, CoreLogic is forecasting that home price appreciation will continue to accelerate through the first quarter but will slow by the fourth quarter. However, possible stimulus …

Read More »

Pending Home Sales Dipped in November But Remain Up Year-Over-Year

Pending home sales fell 2.6% in November compared with October to a score of 125.7 on the National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI). However, contract signings were up 16.4% compared with October 2019. Regionally, and month over month, pending home sales decreased 4.7% in the West, 3.3% in the Northeast, 3.1% in the Midwest and 1.1% …

Read More »

Home Prices Up 1.7 Percent in October as Pandemic Continued to Fuel Demand

U.S. home prices increased 1.7% on an adjusted basis in October compared with September, as demand increased and supply of available homes continued to tighten, according to the S&P CoreLogic Case-Shiller home price index. The index’s 10-city and 20-city composites – measuring home price growth in the largest U.S. cities – each posted an increase of 1.6%. Year-over-year, home prices …

Read More »

New Home Sales Dropped in November Due Mainly to Lack of Supply

New home sales were at an adjusted annual rate of of 841,000 in November, down 11.0% compared with October but up 20.8% compared with November 2019, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Regionally, and on a year-over-year basis, new home sales were up 28.2% in the Northeast, 24% in …

Read More »

Existing-Home Sales Dipped 2.5% in November

After increasing for five straight months, existing-home sales fell in November, dropping 2.5% compared with October to a seasonally adjusted annual rate of 6.69 million, according to the National Association of Realtors (NAR). However, existing-home sales were up 25.8% compared with November 2019. Regionally, and on a month-over-month basis, existing-home sales were down 2.2% in the Northeast, 2.5% in the …

Read More »

First American Says Housing Market Fundamentals Will Spur a Strong 2021

First American’s Potential Home Sales Model for November 2020 shows that strong underlying fundamentals shaped the housing market’s remarkable 2020 comeback story and, with a vaccine rollout under way, the stage is set for another strong year in 2021. “The housing market continues to impress, even as it enters the colder months, which is traditionally real estate’s slow season,” says …

Read More »