Trends

RE/MAX: August sales indicate a rebalancing of the housing market

Data from the RE/MAX National Housing Report suggests the housing market is on its way to rebalancing.

30-year fixed tops 6% for first time since 2008 in latest MBA survey 

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

Modern interior design remains most popular style

Modern homes are still the most popular interior design style, according to a new study from Confused.com, a financial services comparison website based in the U.K.

New-home mortgage applications drop 9% in May

On a year-over-year basis, new-home mortgage applications were down 5.9% in May, the Mortgage Bankers Association reported, citing its Builder Application Survey.

Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

Out-of-town movers reshuffling to larger, more affordable homes

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

Housing-price increases continue to gain steam

The national year-over-year gain is the highest recorded since December 2005, Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indexes, said in a press release.

JV acquiring almost 2,000 homes throughout the South for single-family rentals

Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline.

NAHB: Single-family homes help boost total residential construction spending in March

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.

Americans on the move: Houston top city for inbound migration

The COVID-19 pandemic is accelerating migration across the country, following moving patterns that began in prior years, according to a new report.

Houston ranked No. 22 most glamorous city in U.S.

A new report ranks the glamour capitals of America — as well as the glamour deserts.

Pandemic-era sellers to iBuyers: ‘No thanks’

As the housing market heated up this summer, selling to an iBuyer became a less attractive option for many profit-minded homeowners.

Bought before they’re built: Advance new home sales highest since 2005

An ongoing shortage of existing homes on the market has made newly constructed homes especially desirable.

Are condos the new bargain property?

A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.

Housing demand likely to stay high for years, according to new study

There are 5.7 million “missing” households since the Great Recession, a fact likely to boost housing demand for at least the next several years.

Homebuilders to buyers: ‘Take a hike!’

How nature and the outdoors are becoming increasingly important to the modern buyer.

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