The oldest Millennials, who will turn 40 in 2020, have lived through a turbulent decade of housing marked first by the initial recovery from the Great Recession, then the extraordinary home value growth of recent years.
According to new research from CBRE, U.S. retailers and shippers this 2019 holiday season will handle more returns than ever of goods bought online, illustrating a costly drawback to e-commerce's growth that the industry is working hard to contain.
Demand for design services in November 2019 increased at a modest pace for the second month in a row. During November, both the new project inquiries and design contracts scores were positive, posting scores of 60.9 and 52.9 respectively.
There were 49,898 U.S. properties with foreclosure filings in November 2019, down 10 percent from October 2019 and down 6 percent from a year ago. Nationally, one in every 2,713 properties had a foreclosure filing in November 2019.
According to a new report from Redfin, ten percent of offers written by Redfin agents nationwide on behalf of their homebuying customers faced a bidding war in November 2019, down from 29% a year earlier and hovering at the 10-year low for the 5th consecutive month.
According to CoreLogic's latest Home Price Index for October 2019, U.S. home prices rose both year over year and month over month. Home prices increased nationally by 3.5% from October 2018. On a month-over-month basis, prices increased by 0.5% in October 2019.
The National Association of Realtors is reporting this week that pending home sales in the U.S. retreated in October 2019, taking a slight step back after two prior months of increases.
More than 55 million U.S. travelers are making plans to kick off the holiday season with a trip of 50 miles or more away from home.
According to the National Association of Realtors, existing-home sales rose in October 2019. The four major U.S. regions were split last month, with the Midwest and the South seeing growth, and the Northeast and the West both reporting a drop in sales.
According to new data from the U.S. Housing and Urban Development and Commerce Department, total housing starts increased 3.8 percent in October 2019 to a seasonally adjusted annual rate of 1.31 million units.
According to Redfin, U.S. home-sale prices increased 5.4% year over year in October to a median of $313,200. The increase was the largest since July 2018, although current strength may be overstated given the weakening housing market a year ago.
According to Redfin, new-home sales prices in the U.S. dropped 1.5 percent year over year to a median of $370,300 in the third quarter. This marks the biggest decline since at least 2012 and the third consecutive quarter of declines.
According to a new report from Redfin, the typical American homeowner has spent 13 years in their home, up from eight years in 2010.
The average sale price for luxury homes in the U.S. rose 0.3 percent year over year to $1.6 million in the third quarter of 2019. It marks the first time luxury prices did not drop after three straight quarters of decline.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged 3.78 percent in late October 2019. Purchase activity continues to show strength, indicating obvious homebuyer demand.
According to real estate data provider Yardi Matrix, regionally across the U.S., the areas of growth were relatively distinct. Urban areas in the Pacific Northwest grew by nearly 32%, adding a total 112 properties and 19.8 million square feet.
According to a new report from the U.S. Housing and Urban Development and Commerce Department, due to a decline in multifamily housing starts, total housing starts fell 9.4 percent in September to a seasonally adjusted annual rate of 1.26 million units.
According to Yardi Matrix, as part of a seasonal respite, the national average residential rent in the U.S. decreased for the first time since February 2017, dipping by -0.1% ($1) from last month to $1,471.