North America Residential
Real Estate News

Miami Home Sales Spike 35 Percent Annually in September

Miami Home Sales Spike 35 Percent Annually in September

According to a new report by the Miami Association of Realtors, total Miami-Dade County home sales in September 2018 surged 35.7 percent last month a year after Hurricane Irma brought minimal damage and stalled hundreds of sales in September 2017. Read More »


California Home Sales Continue to Dip September

California Home Sales Continue to Dip September

California's housing market posted its largest year-over-year sales decline since March 2014 and remained below the 400,000-level sales benchmark for the second consecutive month in September. Read More »

U.S. Home Sales Dip Again in September, Lowest in 3 Years

U.S. Home Sales Dip Again in September, Lowest in 3 Years

According to the National Association of Realtors, U.S. existing-home sales declined in September 2018 after a flat month in August 2018. All four major regions saw no gain in sales activity last month. Read More »

Home Rents in U.S. Decline Annually, First Time in 6 Years

Home Rents in U.S. Decline Annually, First Time in 6 Years

Based on a new report by Zillow, U.S. home rents declined nationwide on an annual basis in September 2018, for the first time in more than six years. Read More »


Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated October 23, 2018 9:05 AM ET

North America Residential News Property News

Zillow is reporting this week that U.S. home buyers' monthly housing costs are growing rapidly as mortgage rates have risen significantly since the beginning of the year.

The Mortgage Bankers Association expects to see $1.24 trillion in purchase mortgage originations in the U.S. during 2019 - a 4.2 percent increase from 2018. MBA anticipates refinance originations will continue to trend lower next year, decreasing by 12.4 percent to $395 billion.

U.S. builder confidence in the market for newly-built single-family homes rose one point to 68 in October 2018 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June 2018.

According to the Mortgage Bankers Association's latest Mortgage Credit Availability Index, U.S. mortgage credit availability decreased in September 2018.

U.S. mortgage applications for new home purchases increased 8.2 percent compared to September 2017. Compared to August 2018, applications decreased by 9 percent. This change does not include any adjustment for typical seasonal patterns.

According to a housing and economic forecast released today by the California Association of Realtors, a combination of high home prices and eroding affordability is expected to cut into housing demand and contribute to a weaker housing market in 2019.

A total of 177,146 U.S. properties with foreclosure filings in the third quarter of 2018, down 6 percent from the previous quarter and down 8 percent from a year ago to the lowest level since Q4 2005.

According to the Mortgage Bankers Association's newest Weekly Mortgage Applications Survey for the week ending October 5, 2018, mortgage applications in the U.S. decreased 1.7 percent from one week earlier.

Based on new research by Zillow, housing affordability across the U.S. is especially tough in the nation's urban areas, but in the country's largest metros it's often the suburbs that are the least affordable.

Over 57,002 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion are at potential risk of storm surge damage from Hurricane Michael.

According to Freddie Mac's Primary Mortgage Market Survey for early October 2018, the 30-year fixed-rate mortgage in U.S. dropped slightly for the first time after five weeks of increases.

According to a new report by Zillow, value of U.S. homes that were foreclosed on during the Great Recession are appreciating rapidly, up 10.3 percent over the past year, while the typical U.S. home is appreciating 6.5 percent annually.

According to the Greater Las Vegas Association of Realtors, after a sluggish 2018 summer, Southern Nevada home prices bounced back in September to hit $300,000 for the first time in more than 11 years.

Based on ATTOM Data Solutions newly released Q3 2018 U.S. Home Affordability Report, U.S. home prices in the third quarter of 2018 were at the least affordable level since Q3 2008 -- a 10-year low.

According to the Mortgage Bankers Association's most recent Weekly Mortgage Applications Survey for the week ending September 28, 2018, U.S. mortgage applications remained unchanged from one week earlier.

Buying a home is one of the most expensive transactions someone will ever make, and home shoppers can expect to spend $40,000 on average in one-time fees on the typical U.S. home.

According to Freddie Mac's most recent Primary Mortgage Market Survey for late September 2018, U.S. mortgage rates in the past week surged to their highest level in over seven years.

According to the 3rd annual Zillow Group Report on Consumer Housing Trends, Millennials - the largest group of home sellers - are the most likely to make concessions.


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