A monthly update of housing market supply, demand, and prices.
The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere else in the country. And in McAllen, TX, supply jumped 25%. Housing supply is soaring because both states have been building a lot of homes, which is limiting home price […]
Home Prices Stagnate in Florida and Texas as Supply Soars Read More »
Housing supply is finally rebounding as sellers get used to elevated mortgage rates, but it’s not rebounding enough to curb home price growth. High housing costs mean many house hunters remain hesitant to commit. New listings jumped 3.8% month over month on a seasonally adjusted basis in February—the biggest increase in six months—to the highest
New Listings Rose to the Highest Level in 17 Months in February Read More »
New listings dropped for the first time since June and pending sales growth slowed; stagnating mortgage rates and the biggest home-price jump in over a year caused the market to lose momentum. Housing market activity stalled slightly in January as mortgage rates stopped falling, housing costs climbed and buyers and sellers grappled with worse-than-expected winter
Homebuyers came out of the woodwork as mortgage rates posted the biggest monthly decline since 2008. Sellers also came off the sidelines, but not with as much force; new listings rose 0.1% to the highest level since September 2022. Prices jumped 4%, the most in over a year, as buyers competed for a still-limited pool
Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years Read More »
More homes are changing hands as mortgage rates drop and buyers and sellers see more eye to eye on price. Still, deals are falling through at the highest rate on record due to lingering economic uncertainty, and some metros continue to see price declines. New listings and pending home sales both climbed to the highest
New listings were near their six-month high in October, helping drive an increase in pending sales, though buyers backed out of deals at the highest rate on record. The recent drop in mortgage rates could give sales another boost in November. U.S. pending home sales rose 1% month over month in October to the highest
Pending Home Sales Rise to Highest Level in a Year Read More »