Analysis and Data
The California Association of Realtors reports that the median home price rose 7.7% year-over-year.
March’s single-family housing starts came in at 1,022,000, per the U.S. Census Bureau
17% of Black homebuyers used their 401k and pensions, higher than any other group.
Rates climbed up for the second consecutive week, posting a 3.3% increase.
Quarterly, home prices rose a seasonally adjusted 1.7% in Q1 2024, essentially the same as the growth in Q4 2023.
First American's March HPI makes monthly gain of 0.9%
Latest data breaks four-month period of gains for HMI Index
Mortgage applications for new home purchases increased 6.2% year-over-year, but only 1% month-over-month.
Redfin report shows less renter confidence from a year ago
Realtor.com's survey shows fewer prospective sellers feel locked in by their low interest rate.