The cost of renting is still getting more expensive but the rate at which rent is increasing is slowing down, at least. According to a report from Yardi Matrix, the rental market is seeing a rare slowdown as national average rent had the slowest year-over year-growth in 17 months during the month of December, at 3%. That makes […]

Existing home sales bounced back in December after a slight drop in November as housing inventories fell to record lows, the National Association of Realtors said yesterday. NAR said total December existing home sales increased by 3.6% from November to a seasonally adjusted annual rate of 5.54 million. Additionally, overall sales took a significant bounce, […]

The median price paid for an existing, single-family home in the Bay Area fell in 2019 for the first full year since 2011, according to data from the California Association of Realtors. The median price, the point at which half of homes sold for more and half for less, fell to $928,000, down 2.3% from […]

Homebuilders have a lot catching up to do after 2019’s housing shortage. According to realtor.com, there will be home sales declines, not because of weak demand for homes, but largely due to a shortage of supply. And that’s not just from 2019. The report released this week suggests that builders need to act fast in order to make up […]

Homeowners may want to tap the brakes on those trendy white Carrara marble countertops if they’re looking to get a return on investment for home renovations. That’s according to a recent report from NerdWallet, which pulls from Remodeling magazine’s 2019 Cost vs. Value report when stating, “An upscale kitchen renovation recoups just 59% of its cost in added […]

What do Americans do when so few new homes are being built? Remodel, according to the latest report for Buildfax.  According to the housing data and analytics company, 2019 marked the lowest rate of mobility in the U.S. since the metric was first tracked in 1947. Only 9.8% of Americans moved last year. Though this marks […]

This week, the average U.S. fixed rate for a 30-year mortgage averaged 3.65%. While this percentage is slightly above the previous week’s average, it’s still 80 basis points below the 4.45% of the same week last year, according to the Freddie Mac Primary Mortgage Market Survey. “Mortgage rates inched up by one basis point this week with the 30-year fixed-rate mortgage […]

The foreclosure inventory rate bottomed out at 0.4 percent in October, according to new data from CoreLogic. This represented a 0.1 percent year-over-year drop, and October’s foreclosure inventory rate tied the prior 11 months as the lowest for any month since at least January 1999. CoreLogic also reported 3.7 percent of all mortgages in October were in some […]