Trends

The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year spike in home prices, with the national median sale price... Keep Reading....
The National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) recorded a reading of 66 for the second quarter, up 11 points from the previous quarter
The National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) recorded a reading of 66 for the second quarter, up 11 points from the previous quarter.   All three components of the 55+ single-family HMI posted increases from the previous quarter: Expected sales for the next six... more
Rising rents in the nation's major metro areas has created a new crisis level in homelessness, according to research released by Zillow
Rising rents in the nation's major metro areas has created a new crisis level in homelessness, according to research released by Zillow.   Looking ahead for the next year, Zillow forecast that a five percent increase in New York City’s rents would force almost 3,000 more people into homelessness,... more
Average mortgage rates showed relatively little movement over the past week, according to new data from Freddie Mac
Average mortgage rates showed relatively little movement over the past week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.93 percent for the week ending Aug. 3, up from last week when it averaged 3.92 percent. The 15-year FRM this week averaged 3.18... more
Homebuyers in search of a new residence should investigate whether there is a Trader Joe’s grocery store nearby, according to a new analysis from ATTOM Data Solutions
Homebuyers in search of a new residence should investigate whether there is a Trader Joe’s grocery store nearby, according to a new analysis from ATTOM Data Solutions.   For reasons that are probably more entertaining for discriminating foodies than serious property purchasers, ATTOM determined... more