Illinois stands out for affordability as sales stay competitive. HW Data’s Oct. 3 report shows a statewide median list price of $317,000 with 16,108 active listings. The Market Action Index continues to lower and about 36% of active listings recorded a price reduction during the week. New supply totaled 1,810 listings while 2,103 homes moved […]
Illinois offers affordable entry points for first-time buyers Read More »
Rent prices remain high as for-sale supply expands. HW Data shows median rent holding at $2,295, while the for-sale side offers more room to maneuver. The median list price is $444,900 and active inventory stands at 863,972 homes nationwide, giving buyers more choice than earlier in the year. For-sale market edges toward balance HousingWire’s national
High rents and growing inventory create room to convert renters Read More »
As the federal government shutdown continues, the consequences for the housing market and the broader economy grow more serious by the day. Real estate accounts for nearly 20% of the U.S. economy, touching every community and driving millions of jobs. Each additional day of uncertainty threatens programs that help buyers, sellers, and property owners navigate an
The longer the shutdown continues, the greater the impact on housing Read More »
As Fannie Mae and Freddie Mac inch toward a possible release from federal conservatorship, industry leaders on Tuesday discussed potential paths for the government-sponsored enterprises (GSEs), emphasizing the need for market stability and competition. The GSEs’ possible release and the timing of a change is the topic of much speculation. Recent commentary from U.S. Department
Is it possible for the GSEs to exit conservatorship without market disruption? Read More »
Texas home sellers are facing a slower fall market as listings spend longer on the market and inventory rises across the state. More than 137,000 single-family homes are now active statewide, equal to about 3.7 months of supply. Prices and inventory The median list price in Texas is $377,558, with new listings entering slightly lower
Texas housing inventory grows as sellers trim prices Read More »
Homeowners in California might be facing a steep increase in their insurance costs. The California FAIR Plan, the state’s insurer of last resort, is seeking an average rate hike of 35.8%. If granted, this would be the largest hike recorded by the FAIR Plan in several years. This proposed rate hike would be the largest
California FAIR Plan seeks insurance premium hike of nearly 36% Read More »
As the mortgage banking landscape evolves, industry leaders shared their approaches to playing offense as they try to balance new technology and a complex lending environment. At HousingWire’s Mortgage Banking Summit on Tuesday, Misti Snow, SVP of operations at Better and Sasha Stair, Xactus‘ chief marketing officer, shared that as the mortgage sector is experiencing
Better, Xactus executives on balancing innovation with consumer needs Read More »
With mortgage rates lingering above 6%, buyers with ready cash continue to dominate both the lowest and highest ends of the housing market. Roughly one-third of all home sales in the first half of 2025 were completed entirely with cash, according to a new report from Realtor.com. That figure represents only a 0.6% decline from
All-cash home sales hold strong as high mortgage rates persist Read More »
Florida sellers are making adjustments this fall as homes spend longer on the market. As of Oct. 3, 44% of active single-family listings in the state show a price cut, according to HW Data. The median markdown is 4%, reflecting seller efforts to meet buyers in a slower, higher-cost market. Prices and inventory Florida has
Florida homes take longer to sell as price cuts rise Read More »
The fall housing market is sending a clear message that sellers are adjusting expectations. The latest HW Data shows 42% of active single-family listings nationwide include a price cut. The median markdown is 4%, showing that many sellers are trimming just enough to bring buyers back to the table without significantly resetting market values. Prices
How much are sellers cutting home prices? Read More »