According to a new report from Redfin, the average sale price for U.S. luxury homes nationwide climbed 1.6% year over year to $1.63 million in the fourth quarter of 2019, a rebound that marks the largest gain since the third quarter of 2018.
Based on a new report from the Mortgage Bankers Association, and new data from their Mortgage Credit Availability Index, U.S. mortgage credit availability decreased in January 2020.
The local housing market kicked off the new decade with home prices and sales increasing from the same time last year, but giving back gains made in December 2019.
14.5 million residential properties in the United States were considered equity-rich. Highest Equity Levels Remain in San Francisco Bay Area in Q4, 2019.
Mortgage applications increased 5.0 percent from one week earlier. The previous week's results included an adjustment for the Martin Luther King Jr. holiday.
U.S. home prices rose both year over year and month over month. Home prices increased nationally by 4% from December 2018. On a month-over-month basis, prices increased by 0.3% in December 2019.
According to data gathered by Precise Security, the global smart home market revenue is expected to reach $158 billion value in the next four years.
The National Association of Home Builders' latest 55+ Housing Market Index is reporting this week that U.S. builder confidence in the single-family 55+ housing market dropped four points to 68 in the fourth quarter of 2019.
Tornadoes, hurricanes, floods and wildfires typically bring an increase in mortgage delinquency rates across the U.S., taking 12 or more months before normalizing to pre-disaster rates.
According to the National Association of Realtors, pending home sales in the U.S. fell in December 2019, taking a step back after increasing slightly in November 2019.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending Jan 24, 2020, U.S. mortgage applications increased 7.2 percent from one week earlier.
According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. declined 0.4 percent to a seasonally adjusted annual rate of 694,000 units in December 2019.
U.S. apartment production has returned to pre-recession levels and vacancies are low, but more new apartment homes are needed. Young people are eager to move out of their parents' homes, and growing families want to move into a larger home or apartment.
According to new data from The American Institute of Architects, U.S. demand for design services in December 2019 increased for the third month in a row.
According to ATTOM Data Solutions' Year-End 2019 U.S. Home Sales Report, home sellers nationwide in 2019 realized a home price gain of $65,500 on the typical sale, up from $58,100 last year and up from $50,027 two years ago.
According to the National Association of Realtors, existing U.S. home sales grew in December 2019, bouncing back after a slight fall in November 2019. Although the Midwest saw sales decline, the other three major U.S. regions reported meaningful growth last month.
The National Association of Home Builders latest Remodeling Market Index (RMI) posted a reading of 58 in the fourth quarter of 2019, up three points from the previous quarter.
CoreLogic's latest Single-Family Rent Index (SFRI) shows a national rent increase of 3% year over year in November 2019, unchanged annually.