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California Home Sales Close 2018 on Downward Trend

California Home Sales Close 2018 on Downward Trend

According to the California Association of Realtors, California home sales declined for the eighth straight month in December 2018, and a stagnating market for much of the year pushed sales lower in 2018 for the first time in four years. Read More »


Lower Mortgage Rates Boost U.S. Builder Confidence in January

Lower Mortgage Rates Boost U.S. Builder Confidence in January

U.S. builder confidence in the market for newly-built single-family homes rose two points to 58 in January 2019 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Read More »

Silicon Valley Hottest Housing Market in 2019, Orlando Ranked Second

Silicon Valley Hottest Housing Market in 2019, Orlando Ranked Second

This is the second year in a row that Silicon Valley earns that distinction even as the winds are shifting in the nation's priciest housing market. Meanwhile, the South is drawing new residents seeking affordability and jobs in some up-and-coming tech markets. Read More »

Mortgage Applications in U.S. Spike 13 Percent in Mid-January

Mortgage Applications in U.S. Spike 13 Percent in Mid-January

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 11, 2019, U.S. mortgage applications increased 13.5 percent from one week earlier. Read More »


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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated January 18, 2019 8:15 AM ET

North America Residential News Property News

Many of the US's largest operators of single-family rental homes are working with their residents affected by the government shutdown to accommodate their needs.

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates dropped significantly across the board in early January 2019.

According to ATTOM Data Solutions new 2019 Rental Affordability Report, renting a three-bedroom property in the U.S. is more affordable than buying a median-priced home in 442 of 755 U.S. counties analyzed for the report -- 59 percent.

According to the newly released 2018 Zillow Group Report on Consumer Housing Trends, the median income for a first-time buyer in the U.S. is $72,500, compared with the national median household income of $60,700.

Since the start of the U.S. Government shutdown on December 21, 2018, all aspects of the federal housing, mortgage, and programs of the real estate industry have been impacted.

Mortgage applications increased 23.5 percent from one week earlier. This week's results include an adjustment for the New Year's Day holiday. The Market Composite Index increased 23.5 percent.

The recent cooling trend continued through December 2018 for the local housing market, with stable home prices, fewer properties changing hands and more homes on the market than one year ago.

According to Zillow research, the U.S. housing market is more valuable than ever, worth a cumulative $33.3 trillion in 2018. Since the market hit its lowest point in 2012, it has gained $10.9 trillion in value, and is now worth $4 trillion more than it was at the peak of the housing bubble.

Based on Freddie Mac's latest Primary Mortgage Market Survey the first week of January 2019, the New Year started with lower mortgage rates across the board in the U.S. Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending December 28, 2018, U.S. mortgage applications decreased 9.8 percent from two weeks earlier.

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates continued their downward trend to end the week and 2018 lower. Rates continued their two-month slide and are currently hovering around the same level as the early summer.

According to the National Association of Realtors, pending U.S. home sales overall slipped in November 2018, but saw minor increases in the Northeast and the West. The Pending Home Sales Index decreased 0.7 percent to 101.4 in November.

Home-value growth in the U.S. is slowing, home price cuts are more common and for-sale inventory is up. Sounds like relief is imminent for home buyers, right? Not so fast. Mortgage rates have been steadily climbing for the past two years.

Based on a new report by the California Association of Realtors, California home sales remained on a downward trend for the seventh consecutive month in November 2018 as prospective buyers continued to wait out the market.

Total Miami-Dade County Florida home sales increased 7 percent year-over-year in November 2018, marking the market's fifth consecutive month of year-over-year transaction gains.

According to a new housing market report by the New York State Association of Realtors, statewide in New York, the median home sales price continues to trend on a positive note, rising sharply in November 2018.

According to Zillow's November Real Estate Market Report, after nearly four years of annual declines in inventory, the number of homes for sale has now increased year-over-year for three straight months.

According to the National Association of Realtors, Existing-home sales in the U.S. increased in November 2018 for the second month in a row. Three of four major U.S. regions also saw gains in sales activity last month.


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