Housing markets

U.S. home prices jumped 19.8% in August, the latest in a string of massive gains in the pandemic real estate market.

The inventory shortage is a likely driver of an increased willingness to consider a house where suspected paranormal activity occurred.

Average incomes for this age group increased by 24% since 2012, but housing prices jumped 86%.

No city exemplifies the mania of the COVID-era U.S. housing market better than Boise, Idaho, where prices have surged by more than 30% in the past year. But in a sudden reversal, buyers are now the ones with power.

Seasonal patterns are also playing a part in the slowdown in buyer demand, the company said.

The median selling price of an existing house rose 13.3% in September from a year ago, the smallest annual price increase since the end of 2020.

Counties in the West faced the least risk from pandemic distress in the third quarter, according to Attom Data Solutions.

Taking a consistent, equitable and borrower-friendly approach could go a long way toward compliance, but mortgage companies and attorneys expect the devil will be in the details.

Listing times, price appreciation and inventory of for-sale homes all made incremental gains in favor of buyers, according to Zillow

While September's single-family starts were unchanged from the prior month, multifamily activity fell 5%, according to government data.

The company blamed its decision to stop new acquisitions for the rest of the year on the labor shortages roiling the U.S. economy.

Cities in Texas and the South issued the largest number for single-family housing, with all regions seeing consistent yearly growth.

Inflation, supply chain issues and labor shortages will lead to a tightening by the Fed sooner rather than later.

The lack of inventory pushed the median housing price to double-digit annual growth for the 14th straight month, according to Redfin.

The drop over the 30-day period was in line with a large number of plan expiration dates, and occurred despite the extension of an initial filing deadline for government loans.

Following the federal moratorium’s end, the number jumped, marking the highest quarterly growth on record, according to Attom Data Solutions.

The increase stops just short of restoring what was effectively a cut to the annual limit for 2021 under the Trump administration.

Home buyers on the coasts paid the highest amount in fees, led by D.C. residents.

The $146 million deal could indicate that volume in the asset class has gotten large enough to support programmatic activity in the pricey housing market.

Genesis, based in Sherman Oaks, California, has originated more than 12,000 loans since 2014.