Housing markets

In a reversal of 2021 trends, inventory is increasing and price reductions are occurring across cost levels, though less often among the least expensive homes, according to reports from Zillow and Redfin.

New U.S. home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in inventory.

Despite some moderation in overall supply prices, concrete products are running consistently higher.

A gauge of U.S. homebuilder sentiment declined for an eighth-straight month, marking the worst stretch since the housing market collapsed in 2007 amid higher borrowing costs and elevated prices.

Approximately 8% of listings on the market each week are getting a price cut, while the share of offers facing bidding wars fell below 45% in July, the brokerage's latest report found.

In actuality, the law establishes the procedure for setting the maximum limits; in principle, the director could set the limits below these maximum levels, argues a former principal economist for the Federal Housing Finance Agency.

The affordability crisis is expanding as Americans move back to big cities and some areas suffer a housing shortage.

The nation's capital leads in live-work-play rental construction while interest rates are pricing out young potential buyers from the market.

It is a reversal of too little inventory that plagued the past two years.

The number of active listings nationwide jumped 31% from a year earlier, a record-high increase for a third straight month, according to a report Tuesday by Realtor.com. 

While a growing share of consumers expect housing costs and interest rates to decrease over the coming year, uncertainty is also leading some to see it as an inopportune time for both purchasing and selling, Fannie Mae reported.

The city remains one of the most unaffordable and as tech companies continue to work remotely, there is little appetite to pay millions to live in the area.

July marked the first month this occurred, suggesting that the small reversal in the upward trend of financing costs wasn't enough to change the downward trajectory in homebuyer activity.

But the overall employment picture was bright in July, returning to a level last seen before the pandemic, the Bureau of Labor Statistics data found.

Even with the cooling housing market, the percentage of equity-rich properties will keep increasing.

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Housing values remain historically healthy, but the year-over-year slowdown seen during the month was the most severe seen since at least the 1970s, according to a new Black Knight analysis.

As soaring inflation and turbulence in public equities weigh on private markets, cash-hungry startups have raised capital through convertible notes, in part because they delay the need to lock in a fresh valuation.

At the same time, homes bought with FHA-backed loans accounted for the smallest share since 2007, according to an Attom sales report.