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In the first quarter of 2024, 93% of metros, or 205 out of 221, recorded home price gains, according to the National Association of Realtors’ latest quarterly report.

In the January Zonda Market Ranking, the metro area was significantly overperforming compared with its long-term historical average. Home builders are ramping up new construction, and starts activity has improved over the past six months.

Builders are reporting offering smaller homes, buying land farther from urban centers, and paring back features to help lower costs and sales prices.

Building a comprehensive website is one of the most critical tasks for any home builder. Most buyers begin searching for a new home online, and their decision to purchase occurs long before they step inside a sales center.

Existing-home sales—completed transactions that include single-family homes, townhomes, condos, and co-ops—decreased 1% from November to a seasonally adjusted annual rate of 3.78 million in December, according to the National Association of Realtors (NAR).

A survey-high 31% of consumers expect mortgage rates to go down, according to the Fannie Mae Home Purchase Sentiment Index.

2023 has been a rough ride for homebuyers. Exploding interest rates caused many potential buyers to pump the brakes on diving into homeownership.

Existing home sales dropped once again in October, according to the National Association of Realtors (NAR).

Pending home sales climbed 1.1% in September, according to the National Association of Realtors.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose to 72.6 last month. Year over year, pending transactions declined 11%

Economists share projections for a potential soft landing, an economic recession, and what both scenarios could mean for the housing market.

he Fannie Mae Home Purchase Sentiment Index remained effectively unchanged in August, with 82% still saying it’s a bad time to buy.

A greater share of remote and hybrid workers reports a willingness to live farther from the workplace, and, for potential homeowners, greater workplace flexibility increases odds of finding a home within budget.

The seasonally adjusted estimate of new-home inventory for sale remained above 400,000 for the 17th consecutive month.

The 30-year fixed-rate mortgage (FRM) surpassed 7% for the week ending Aug. 17, reaching its highest level in over 20 years, according to the Primary Mortgage Market Survey from Freddie Mac. The 30-year FRM averaged 7.09%, up from 6.96% the prior week and from 5.13% during the same week a year ago.

Single‐family housing starts increased in July, with a posted rate of 983,000. This figure is 6.7% above the revised June figure of 921,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

New-home sales remained strong through June despite the persistence of high mortgage rates in the economy, according to Zonda’s New Home Market Update report.