National News

Homeowners face record supply shortages entering 2022

Despite the record low number of homes for sale, prices and pending sales continue to rise.

Homeownership remains cheaper than renting in majority of U.S.

Homeownership remains a cheaper option than renting in the majority of areas, according to a new study by ATTOM Data Solutions.

America’s Most Trusted® study: Which homebuilders topped the list for 2022?

Taylor Morrison topped Lifestory Research’s annual list of America’s Most Trusted® Homebuilders — for the seventh consecutive year.

Mortgage applications fall during last two weeks of 2021

At the same time, the average 30-year fixed-rate mortgage rose to 3.33%, its highest level since April 2021, the Mortgage Bankers Association said.

Inflation has buyers and sellers rethinking their plans

Inflation concerns are influencing plans for homebuyers and sellers, according to a recent Redfin survey.

S&P CoreLogic Case-Shiller: National home prices continue their climb 

Phoenix, followed by Tampa, Fla., and Miami, claimed the largest price gains among the 20 metro areas in the index. according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. 

Pending-home sales return to negative territory in November

“There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices,” National Association of REALTORS® chief economist Lawrence Yun said.

New-home sales soar 12.4% in November

The median sales price of new homes hit a new high of $416,900.

NAR: Existing-home sales post third monthly gain in a row

The median existing-home sales price for all housing types rose again on an annual basis, marking 117 consecutive months of gains.

Houston housing market maintains momentum in November

“The market is roaring along, with only half the seasonal slowdown we typically see from October to November.” — RE/MAX LLC President Nick Bailey

Zillow, Down Payment Resource partner to provide down-payment assistance to homebuyers

The partnership will help potential homeowners find down-payment assistance programs to make homeownership more attainable, especially for first-time buyers.

LoanSnap closes home loan in less than 24 hours

LoanSnap said it used  its innovative AI technology, affectionately called Nell, to close the loan in the record-breaking amount of time.

New-home construction ramps up in November as demand stays high

“November’s housing starts report signals strength for the housing market.”  — First American deputy chief economist Odeta Kushi

NAR: 2022 to bring rising interest rates and slower inflation, home-price growth

In unveiling its predictions, the National Association of Realtors also released its top 10 housing-market “hidden gems” for 2022.

Builder confidence rises again in December despite inflation fears, production bottlenecks

“While 2021 single-family starts are expected to end the year 24% higher than the pre-Covid 2019 level, we expect higher interest rates in 2022 will put a damper on housing affordability.” — NAHB chief economist Robert Dietz

Mortgage applications rise in latest survey, as rates decline for the first time in a month

The decline in mortgage rates prompted an uptick in refinancing, with government refinances increasing more than 20% over the week, MBA associate vice president of economic and industry forecasting Joel Kan said in a press release.

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