Housing Market News Archives

Got $157.3 Billion? Mortgage Bailouts Might Not Be Over

May 7, 2015

Profits are weakening, and Fannie Mae and Freddie Mac might be even more fiscally fragile today than they were in 2008. That means a ripple in the housing market could leave taxpayers on the hook for another bailout. For that we can blame Congress and the White House, which never got around to fixing the companies after the mortgage meltdown. That indifference could cost us as much as $157.3 billion for a second bailout if the economy goes really south.

Got $157.3 Billion? Mortgage Bailouts Might Not Be Over Read More »

Homebuyers Faced Fewer Bidding Wars In March Thanks to Surge in New Listings

May 5, 2015

Bidding wars gained steam as the spring home-buying season got under way, with 61 percent of offers written by Redfin agents facing competition from other buyers in March. That’s up from 57 percent in February, but down slightly from 63 percent in March 2014.

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This Millennial Still Won’t Buy a House, and Homeownership Rates are Falling

April 29, 2015

Homeownership fell to its lowest level since 1989, to 63.8 percent. The last time it was this low, gas cost less than $1 a gallon, Paula Abdul was topping the charts and mortgage interest rates were above 10 percent. Millennials like Sara Stevens, 28, might be one reason the rate is so low.

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Today's Housing Data: One Reason You're Stuck in Your Parents' Basement

April 23, 2015

New home sales in March were far below what most economists expected, reaching a pace of 481,000 a year instead of the anticipated 515,000, the Commerce Department reported. While newly built houses and condominiums make up less than 10 percent of the overall market, they’re important.

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Homes For Sale or Homes Gone Stale?

April 23, 2015

As of March 31, nearly 70 percent of houses on the market were stale, meaning they’ve languished unsold for more than a month. A home that’s been sitting for 30 days is more likely to be overpriced, in need of renovation or to have other problems that prevent it from selling.

Homes For Sale or Homes Gone Stale? Read More »

San Francisco Housing Market Tracker

April 16, 2015

San Francisco housing values rose 15.4 percent in March from a year ago and sales posted a meager year-over-year improvement after four straight months of decline.

San Francisco Housing Market Tracker Read More »

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