Analysis and Data
Pending home sales rose 8% month-over-month and increased 13.1% year-over-year.
Mortgage application volume fell to the lowest level in almost a year and a half.
The National Home Price NSA Index reported a 14.6% annual gain in April, up from 13.3% in the previous month.
Social media and celebrities could be the key to attracting more millennial and Gen Z homebuyers, especially those who saved big during the pandemic.
College-educated homeowners are twice as likely to leave the workforce after a job loss compared to renters.
Survey finds Black Americans face greater financial and generational barriers when it comes to homeownership.
The U.S. construction industry is projected to grow by more than 15% in 2021, despite pandemic-induced challenges.
More than two-thirds of U.S. homeowners (67%) plan to tackle home improvements this year, according to the latest BMO Real Financial Progress Index.
The Federal Housing Finance Agency reported a 1.8% increase in the U.S. house price in April 2021 and a year-over-year increase of 15.7%.
The housing market shows signs of cooling down as mortgage rates continue to tick above 3% for the first time in 10 weeks.