Sales of previously owned US homes fell in March to the lowest since June, showcasing the challenges facing the housing market as it heads into the key spring selling season. Processing Content Contract closings decreased 3.6% to an annualized 3.98 million, according to National Association of Realtors data out Monday. That was below the median […]
Existing-home sales fall to nine-month low as prices rise Read More »
Inflation related to the Iran conflict caused the panel of economists surveyed by Wolters Kluwer to moderate their views on growth and short-term rate cuts. Processing Content The April survey for the Blue Chip Economic Indicators took place before the ceasefire announcement, let alone Friday morning’s release of Consumer Price Index data. The Bureau of
War, oil and inflation: What it means for rates Read More »
The effective tax rate for U.S. properties hit its highest mark since 2020 last year, with a decline in housing prices offset by rising bills, according to new analysis from Attom. Processing Content Single-family homeowners across the U.S. a cumulative total of $396.8 billion in taxes on more than 89.6 million properties in 2025. The
Property tax bills jump despite declining home values Read More »
With mortgage rates spiking over the last few weeks, many homeowners are unwilling to give up their current rate, a new industry report showed. Processing Content Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, and 47% said they couldn’t afford current rates,
Rate lock-in: 1 in 3 owners won’t budge at any price Read More »
San Francisco’s median house price jumped to a record $2.15 million in March, up 18% from a year earlier as wealth generated by artificial intelligence startups flooded the city, according to brokerage Compass Inc. Processing Content Condo prices also surged, rising 27% to $1.36 million, Compass said in a report. That was just below the
San Francisco house prices hit record $2.15 million on AI Read More »
Improved affordability and increased inventory helped the spring homebuying season get off to a strong start, but the recent rise in mortgage rates has pushed some buyers out of the market, according to ICE Mortgage Technology’s latest mortgage monitor report. Processing Content “Mortgage rates bottomed near 5.95% early this year, pushing affordability to its best
Spring’s hot housing market just ran into a problem Read More »
Millions of Americans are paying thousands of dollars in homeowners association and condo fees, an often overlooked cost when buyers budget for a mortgage, new industry data found. Processing Content Almost 18 million homeowners in the 100 largest United States metros paid HOA or condo fees in 2024, including 2.6 million who paid $500 or
2.6M homeowners pay $500-plus in monthly HOA fees Read More »
While housing affordability has improved year-over year in all of the 50 markets tracked by First American, the sizes of the gains have varied across that universe. Plus, on a comparative basis, home prices remain higher than prior to the pandemic. Processing Content A recent analysis from the company quantifies these differences. Consumers’ house-buying power
Some markets thawing in time for spring homebuying season Read More »
Home-price growth continued to slow to start 2026, two new industry reports found, diminishing the real value of homes as inflation rises. Processing Content Home prices rose 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index. Both points were down from December, when prices increased 1.1% annually
Real home value falls as price growth cools, inflation rises Read More »
Property tax revenues collected by local and state jurisdictions surged nearly 5% at the end of last year and continued an ongoing nine-quarter stretch of increases. Processing Content The $210.7 billion generated in the fourth quarter reflected a seasonally adjusted 1% uptick from $208.5 billion three months earlier, according to a National Association of Home
Property tax revenues jumped 5% in 2025 Read More »