“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi

The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.

Days on market rose 7.1% from August, and the median price of houses sold slid 1.8% to $638,000, according to RE/MAX’s National Housing Report. 

Climate change will negatively impact the already-stunted housing inventory in the U.S., according to a recent Redfin report.

Despite low inventory and the competitive nature of the current market, buyers are well-prepared and ready to make offers, according to a recent report by Coldwell Banker Bain.  The housing shortage continued to be a problem as the third

It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.

While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report.  Consistent with the past three

As remote work becomes the new norm for many homeowners, real estate professionals are encouraging clients to consider implementing insurance-based smart home technology into their homes. 

Overall, September’s housing market statewide remained robust, according to a new report from the Northwest Multiple Listing Service, but low inventory is still problematic. With single-family homes and condominiums combined, there were slightly more new listings last month (11,373)

Median rents in the mid-sized port city currently run about $1,280 for a one-bedroom apartment and $1,680 for a two-bedroom — a rise of nearly 19% year over year.

Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.

Mortgage rates rose quickly last week. The 30-year fixed mortgage rate hit 3.01%, up 0.13% from the week prior.

Housing affordability has changed across all 50 top markets, proving to be more affordable than it was during the previous housing peak, according to First American Financial’s latest Real House Price Index.

All four geographic regions saw increases, led by the Midwest, which clocked a 10.4% rise from July, and the South, where sales rose 8.6%. Pending transactions rose 7.2% in the West and 4.6% in the North.