Housing markets

Issuances decreased over 10% annually, while at the same time, builders are still seeing shortages of many materials, according to the National Association of Home Builders.

Single-family property values during the year's final three months rose 9.2% year-over-year, but that bump fell below the 13.1% annual rise in the prior quarter.

The value of New York City's 1.1 million properties is projected to rise 6.1% for the next fiscal year, boosted by single-family home prices.

The most attractive cities this year count more homes selling under their listing price rather than over it.

While supply was up by over 54% compared to a year earlier, new home listings decreased, according to Realtor.com.

Among current investors in the market, 7% are between 18 and 29 years old, while 15% of those looking to make their first purchases also belong to the same age group, according to a new study.

Declining mortgage rates and home prices drove more positive views compared to the prior month, but December's overall outlook remained negative, Fannie Mae said.

Increases in values were more likely to stick across the Central U.S, while pandemic boomtowns experienced the biggest declines in median housing costs, according to Realtor.com.

Prices were up by less than 9% year-over-year, according to CoreLogic's report.

House hunting activity also slowed in December, with home tours declining 69% from the start of the year, a Redfin report found.

The laws will go on the books later next year as part of an effort to provide builders with new tools to deal with the California's lack of land for new residential construction.

Special purpose credit programs, down payment assistance and potential mortgage insurance premium cuts came into focus over the past year.

Sales of high-end homes fell 38.1% year-over-year, per a Redfin report.

The National Association of Realtors index of contract signings to purchase previously owned homes decreased 4% last month to 73.9, the lowest outside of the pandemic in data back to 2001, according to a release Wednesday.

Prices fell 0.5% from September, the fourth consecutive monthly decline for a seasonally adjusted measure of home prices in 20 large cities, according to the S&P CoreLogic Case-Shiller index.

Prospective borrowers can secure significant square footage for often below $300,000 in these mostly Midwest cities, according to industry veterans.

A mid-month retreat in 30-year mortgage rates back below 7% along with an increase in builder incentives may have helped support demand.

Mortgage-purchase applications were 4.6% higher in December from a month ago, per a Redfin report.

The Federal Housing Finance Agency said it would heed the recommendation from a report by its Office of the Inspector General released this week.