In San Jose, December 2018 and the first few weeks of 2019 brought new lows for home-price growth and bidding wars. The median home price in the San Jose metro area was down 8 percent annually to $975,000 for the month ending on January 20. That continues a trend that began in December when local […]
San Jose Home Prices Down 8% From Last Year, Falling for First Time Since 2012 Read More »
The prospect of making a down payment and securing a mortgage became even more difficult for federal employees who have gone without a paycheck for the last five weeks and remain in financial limbo with the temporary reopening of the government. Roughly 800,000 federal workers around the country were either furloughed or working without pay
Although the number of homes for sale is increasing rapidly in some markets, the number of affordable homes for sale is falling. We have written a lot recently about rapid growth in the supply of homes for sale in many markets such as San Jose and Seattle. But with both home prices and interest rates
Sales of new homes in all four major US regions dropped in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December. Here’s a look at the annual drop in single-family new-home sales (seasonally adjusted) across the country in the final
New-Home Sales Saw Double-Digit Drops to Close Out 2018 Read More »
December home sales fell 11 percent as prices turned in their smallest gain in over six years. Boston and San Jose both saw prices decline year over year. As predicted by CEO Glenn Kelman in early November, the housing market ended 2018 not with a bang, but a whimper. U.S. home-sale prices increased just 1.2
Home Prices and Sales Ended 2018 Not With a Bang, But a Whimper Read More »
35-44 year olds were hit hardest by the housing bust just as they reached prime first-time homebuying age Less than half of homebuyers and sellers between the ages of 35 and 44 believe that real estate is a better long-term investment than the stock market, according to a survey Redfin commissioned in December of more