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Glimmers of Hope for Housing as Pending Sales Tick Up

Glimmers of Hope for Housing as Pending Sales Tick Up

After an August stalling, pending home sales in September ticked up 0.5 percent, according to the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). Activity on an annual basis dipped 1 percent. According to the Index, activity broke through in the Midwest and West, where, from August to September, the Index tracked up 1.2 percent and 4.5 percent, respectively. Compared to September 2017, however, the Index was lower, down 1.1 percent in the Midwest and

No Gain, No Loss: Existing-Home Sales Stabilize

No Gain, No Loss: Existing-Home Sales Stabilize

August existing-home sales stabilized, ending a regressive streak, the National Association of REALTORS® (NAR) reports. At 5.34 million, activity neither decreased nor increased from July, but was down 1.5 percent from the prior year. Inventory month-over-month also steadied, at 1.92 million—a jump from 1.87 million the prior year. Activity was carried by the Midwest and Northeast, rising 2.4 percent to 1.28 million and 7.6 percent to 710,000 in the regions, respectively. The

Affordability Aside, Housing Optimism Picks Up

Affordability Aside, Housing Optimism Picks Up

The confidence consumers have in housing is picking up steam—but not because of the market outright, according to the August Fannie Mae Home Purchase Sentiment Index® (HPSI). At 88, the gauge grew 1.5 percentage points month-over-month; however, the confidence consumers have is on par with the prior year, and they are more keen on macro movements than real estate. In fact, 21 percent of homebuyers were optimistic about purchasing, and 38 percent of homeowners were optimistic

Infographic: July 2018 Existing-Home Sales

Infographic: HOME Survey June 2018

June 2018 Housing Minute

Confidence in Housing at New Record

Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey high in May, bolstered in part by a fresh record high in the net share of consumers who say it’s a good time to sell a home,” says Do

Report: Wednesday and Thursday are the best days to list your home

Report: Wednesday and Thursday are the best days to list your home

The particular day of the week homeowners choose to list their home may increase the chances of it selling faster for a couple of reasons. Using Sunday as a baseline, Wednesday and Thursday appear to have the best relative advantage for listings, according to an analysis by Redfin, a real estate brokerage. Homeowners seeking to increase their payout should put homes on the market on Wednesday, whereas those seeking to sell faster should list on Thursday, the analysis showed.

5 Ways Tax Reform Has Impacted the 2018 Housing Market

5 Ways Tax Reform Has Impacted the 2018 Housing Market

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now that the first quarter numbers are in, we can begin to decipher the actual that impact tax reform has had on the real estate market.

Confidence in Housing at New Peak

Confidence in Housing at New Peak

Confidence in housing is at a new peak, with enthusiasm among sellers soaring, according to the April Fannie Mae Home Purchase Sentiment Index® (HPSI). At 91.7, the Index plowed through its previous record, climbing 3.4 percentage points month-over-month and five points year-over-year. “The latest HPSI reading edged up to a new survey high, showing that consumer attitudes remain resilient going into the spring/summer home-buying season,” says Doug Duncan, chief economist and

Confidence in Housing as an Investment Rises

Confidence in Housing as an Investment Rises

With appreciation climbing and equity growing, homeownership is the investment to make—and according to new research, Americans believe it is a solid vehicle for wealth. Sixty-five percent of respondents to a survey by the Federal Reserve Bank of New York believe buying a home is a “somewhat good” or “very good” investment; less than 11 percent believe it is “bad.” Among buyers, the likelihood of a purchase is 63.9 percent, a slight uptick from 63.6 percent in 2017. The confi

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