U.S. home prices accelerate as housing supply tightens

U.S. home prices accelerate as housing supply tightens

In October, the average American home listing price climbed 4.3% year over year, reaching a high of $312,000, according to Realtor.com’s Housing Trend Report. The company indicates this growth is partially attributed to a decline in housing inventory, which resulted...
The homebuyers are coming. The homebuyers are coming

The homebuyers are coming. The homebuyers are coming

A flood of first-time homebuyers is about to hit the market over the next three years, according to newly released analysis from TransUnion. TransUnion is currently projecting that at least 8.3 million first-time homebuyers will enter the mortgage market between 2020...
GDP Reports Strength in Housing Market

GDP Reports Strength in Housing Market

The National Association of Home Builders reported that the housing share of the GDP rose for the first time in six quarters, increasing to 14.6% in Q3 2019. The overall GDP growth slowed to 1.9%. The NAHB analysis said the gains are due to rising single-family...
Millennial Homeownership Inches Higher

Millennial Homeownership Inches Higher

The Census Bureau reports that the homeownership rate, while up fractionally in the third quarter of this year compared to Quarter 2, was essentially unchanged from one year earlier.  The Bureau’s Vacancies and Homeownership Report put the national rate at 64.8...