Home Prices up 3.4 Percent in June
Mon, 22 Jul 2019 11:58:32 GMT
U.S. home-sale prices rose for the third consecutive month in June, growing 3.4 percent year over year to a median of $321,200 across the metros Redfin tracks.
Hispanics Buyers Are Gaining Ground
Mon, 22 Jul 2019 11:57:57 GMT
Hispanics are posting the largest homeownership gains of any ethnic group, new Census Bureau data shows.
More Homes for First-Timers
Mon, 22 Jul 2019 11:57:15 GMT
Home builders say they are stretching their focus beyond higher-priced homes for move-up buyers. A greater inventory of affordable homes that cater to newbie buyers is coming.
Mortgage Rates Inch Up, But Buyers Are Still Getting Deals
Fri, 19 Jul 2019 11:56:53 GMT
After three weeks of mostly staying steady, average mortgage rates rose this week. However, rates still remain at multiyear lows, keeping borrowing costs low for those shopping for homes this summer.
Slight Gain in Homebuilding Isn’t Enough
Fri, 19 Jul 2019 11:56:16 GMT
More construction for single-family homes was underway last month, possibly offering a small relief to markets experiencing an ongoing housing shortage. Most economists, however, say it’s not nearly enough to keep up with buyer demand.
Oregon To Ban Single-Family Zoning
Fri, 19 Jul 2019 11:55:39 GMT
Oregon is coming close to becoming the first state to ban single-family-only zoning in most areas, a move that could potentially add an entire summer’s worth of new listings and nearly triple housing supply in the Portland metro.