Live News

• Real estate investors purchased 16% of homes in Q3 2024 Nov. 22nd 2024
  Redfin said the number of homes bought by investors fell 2.3% year over year in Q3 2024. Their market share was the lowest since late 2020.

• Some say Austin’s rental market might collapse. That’s not reality Nov. 22nd 2024
  Austin's rental activity for single-family homes and apartments is leveling off after a rollercoaster of post-pandemic price fluctuations.

• Fix-and-flip investors say they’re discouraged by higher mortgage rates, home prices Nov. 22nd 2024
  Kiavi survey data shows that high mortgage rates, rising home prices and more competition placed a strain on flipped homes sales in Q3 2024.

• An open letter to President-Elect Trump: A housing market in crisis Nov. 22nd 2024
  As the rest of the country waits, debates, and predicts an economic recession, the United States housing market has been languishing in a historic one for nearly 3 years. Economists and market participants love airplane analogies (soft landing, no landing) so I’ll dust off my epaulets and declare the state of housing a “crash landing.” 

• Data suggests stability ‘on the horizon’ for home insurance premiums Nov. 21st 2024
  Home insurance premiums continue to rise, but the severity of the increases have cooled in recent months, according to Matic.

• Did lower mortgage rates lead to higher home prices in October? Nov. 21st 2024
  Traditionally, home prices soften in the second half of the year but that's not what's happening. Let's look at why.

• Time for a makeover: Trade groups want a revamp of the major flood insurance program Nov. 21st 2024
  After more than 30 short-term extensions to the National Flood Insurance Program, housing industry trade groups want something more.

• Fannie Mae’s forecast for home sales? ‘Meh’ Nov. 21st 2024
  Fannie Mae released a more muted projection for existing-home sales in 2025, dropping its forecast from an 11% gain to a more muted 4%.

• Pop the champagne! Existing-home sales post first annual gain since July 2021 Nov. 21st 2024
  Existing-home sales rose to an annualized pace of 3.96 million in October, up 3.4% month over month and up 2.9% year over year.

• HousingWire’s mortgage rate forecast for 2025 Nov. 21st 2024
  Mortgage rates have stayed higher for longer than anyone anticipated three years ago. What will mortgage rates look like in 2025?