Real Estate News

New Home Sales in U.S. Dip in April

New Home Sales in U.S. Dip in April

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April 2019 after a sharp upwardly revised March 2019 report. Read More »

U.S. Home and Apartment Construction Starts Spike in April

U.S. Home and Apartment Construction Starts Spike in April

Total U.S. housing starts rose 5.7 percent in April 2019 to a seasonally adjusted annual rate of 1.24 million units from an upwardly revised reading in March 2019. Read More »

Record Setting 22 Percent of all Millennials in U.S. Still Live with Mom

Record Setting 22 Percent of all Millennials in U.S. Still Live with Mom

More people age 23-37 are living with their moms in the U.S. than at any time this century. Nearly 22% of American millennials - more than 14 million in total - live with their mom or both parents, the highest share for this age group since at least 2000. Read More »

Mortgage Applications in U.S. Uptick in Early May

Mortgage Applications in U.S. Uptick in Early May

Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 3, 2019, mortgage applications in the U.S. increased 2.7 percent from one week earlier. Read More »

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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 May 24, 2019 8:04 AM ET

Seattle Property News

A wide range of factors contribute to why millennials decide to move to certain areas, remain for an extended period or choose to relocate shortly after their arrival

Nearly 45 million people in the U.S. will reach the typical age for first-time home buyers in the next 10 years - 3.1 million more than the past decade - creating more demand in an already challenging market for those looking to get into their first home.

A total of 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago to the lowest level since Q1 2008.

Home sellers in the United States spend $20,851 on average to sell their homes. This includes closing costs, but also the improvements and other projects made when people are preparing their homes for sale.

According to new research from CBRE, the average age of U.S. adults at their first marriages has risen to historical highs.

According to the National Association of Realtors, existing-home sales in the U.S. rebounded strongly in February 2019, experiencing the largest month-over-month gain since December 2015.

According to Zillow's February 2019 Real Estate Market Report, residential rent prices grew at their fastest rate in 10 months in February 2019, reaching 2.4 percent year-over-year appreciation.

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes held steady at 62 in March 2019.

Sales of new single-family homes fell 8 percent year over year in January 2019, the fifth consecutive month of year-over-year declines in new-home sales. But the size of the drop was smaller than in December in all regions except the West.

After falling for nearly four consecutive years, housing inventory has turned a corner, growing on an annual basis in four of the past five months. U.S. for-sale home inventory grew 1.2 percent year-over-year.

Redfin is reporting this week that St. Louis is now the most affordable U.S. metro for millennials as of the end of 2018.

According to new research by Zillow, U.S. homebuyers have long earned more than twice as much money, on average, as renters -- a gap that's remained relatively stable for more than a decade.

According to Freddie Mac's latest Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. remained unchanged for the third consecutive week in late January 2019.

Sales of new homes in all four major U.S. regions significantly declined in the last two months of 2018. The year-over-year trend was especially drastic in the Northeast, where new-home sales fell by 16.1 percent in December.

Annual U.S. home value growth slowed in more than half of the nation's largest housing markets since this time last year. Seattle and San Jose, Calif., saw the biggest declines in appreciation over the past year.

According to JLL's latest research, Flexing Their Muscles: Markets to Watch in 2019, the U.S. office market is poised to take on significantly more office flex space in the coming year.

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.

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.

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