Housing markets

As many homebuyers' spending power is diminished, home price growth in the Bay Area has slowed, fewer homes are selling above listing price and more sellers are asking for less.

Decline was largely driven by a large dip in cash-out refinance locks.

Fannie Mae's sentiment index is at its lowest point since October 2011, as more consumers think prices will go down than those that expect them to rise.

But that was not enough to offset the fourth consecutive monthly decline in total nonbank industry jobs, according to the Bureau of Labor Statistics.

While most would consider where their next house will be due to natural disasters, only two in five would move from their current property, Freddie Mac said.

The number of sellers discounting their original listing grew by over 83% year over year, according to HouseCanary.

Buyer interest waned as mortgage rates increased in the same month this year, CoreLogic found

While intercompany relationships are established in any environment, activity seems to pick up when business declines.

Sales of co-ops and condos dropped 3.7% in the third quarter from the previous three months and more than 18% from a year earlier, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Tuesday.

Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, Black Knight Inc. said in a report Monday.

The tempering of growth is a result of mortgage rates jumping and inflation, a report found.

The rise in rates over the past six weeks pushed the borrower's monthly disbursement up $337, Redfin said.

The partnership is starting off small but ultimately aims to sell real estate through non-fungible tokens on a broader scale than others have in the past.

U.S. pending home sales fell in August for the seventh time this year, extending the housing market's downturn as high borrowing costs sideline prospective buyers.

U.S. sales of new homes unexpectedly rose in August, representing a break in an otherwise rapid descent this year for a housing market still at risk of further deterioration as mortgage rates climb.

The decline was "widespread" impacting eight of the nine U.S. census divisions, according to the Federal Housing Finance Agency.

The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs and inflation going forward as the shift becomes permanent, according to research from the Federal Reserve Bank of San Francisco. 

When voters in Oakland, Berkeley and South San Francisco receive ballots in the mail next month, they'll be asked whether their cities should be allowed to help build more desperately needed affordable housing.

Mortgage rate shock and increased choice continued to drive more than 15% of homebuyers to back out of deals in the latest month's numbers.

These refinance transactions are being driven by the homeowner's need for cash, according to Black Knight