Economists: Expect Buyer’s Market by 2023
A majority of housing economists expect the nation’s housing market to swing “firmly” in buyers’ favor before the end of 2023.
US Economy Is Sending Mixed Signals: Here’s What It All Means
Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month.
Redfin, Compass Announce Major Layoffs
Two of the biggest-name brokerages that sought to challenge the established hierarchy of residential brokerages announced major layoffs Tuesday as buyer frenzy cooled nation-wide.
RE/MAX CEO: Home Prices Can’t Keep Up Double-Digit Gains
The U.S. housing market is slowing as would-be buyers struggle with rising borrowing costs and a persistent shortage of properties for sale.
Dallas Fed Researchers Warn of Housing ‘Bubble’
A team of researchers at the Federal Reserve Bank of Dallas issued a stark warning last week that American home prices “are again becoming unhinged from fundamentals.”
How to Survive Shifts in the Housing Market
The coronavirus pandemic has suddenly filled the housing market with uncertainty. Will hot areas bounce back? Or will everything slip into a slowdown?
US Housing Construction Jumps 16.9 Percent in December
Construction of new homes surged in December to the highest level in 13 years, capping a year in which falling mortgage rates and a strong labor market helped lift the prospects of the housing industry.
July CT Single-Family Home Price Reaches Six-Year High
Connecticut single-family home sales edged lower in July as the median sale price reached a six-year high for the month, according to the latest report from The Warren Group, publisher of The Commercial Record.
Amplifying the Argument for Housing Production
A 25-year homebuilder and outspoken advocate on housing policies, Torrington-based T&M Building Co. President Greg Ugalde is taking a leadership role on the national stage as the 2019 chairman of the National Association of Home Builders.
Is Trump’s Tax Overhaul Impacting Real Estate?
A new report from the New York Federal Reserve sheds a little light on a question that’s been hanging over the American real estate market: Has the massive tax overhaul adopted by Congress in late 2017 had any effect on whether consumers want to buy or sell homes?
Wealthy Supercommuters Attracted to Fairfield County
The number of people who commute 90 minutes or more to work are on the rise in Fairfield County, according to a new study.
Five Key Economic Takeaways from 2018
Wall Street started 2018 strong, buoyed by a growing economy and corporate profits. It isn’t ending that way.
Freddie Mac: Significant Interest Rate Jump Could Stall Housing Market
The housing market could stall if interest rates spike by more than 1.5 percent, according a recently released analysis from Freddie Mac.
Freddie Mac: Housing Market On Record-Setting Pace
Despite some recent bumps, the U.S. housing market remains on track to exceed last year’s best-in-a-decade levels for housing starts and home sales, according to a Freddie Mac June outlook report released last week.
April Home Prices Rise Nationally, Sales Hit Fastest Pace Since 210
A home typically went under contract in 40 days last month, 10 days faster than a year earlier, according to a recent report from Redfin.
Reuters Poll: US House Prices To Rise; Analysts Wary Of Deregulation
The U.S. housing market will rise steadily and contribute significantly to economic growth in the coming year, according to a majority of analysts in a Reuters poll who nearly all agreed that further stimulus was not required.
NAR Reports National Housing Market Continued Its Recovery In 2016
The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.
US Housing Starts Surge To Nine-Year High In October
U.S. housing starts surged to a more than nine-year high in October as builders ramped up construction of both single and multifamily homes, offering hope that housing will contribute to economic growth in the fourth quarter.
