Posts by John Yellig
"December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing." — NAR chief economist Lawrence...
While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban...
“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.”...
“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand." — Mortgage Bankers Association...
Board member Stephen Joyce will serve as interim CEO as the company conducts a search for a permanent...
The Swanepoel Power 200, or SP 200, annual ranking of the most-powerful and influential leaders in residential real estate has been...
At the same time, the average 30-year fixed-rate mortgage rose to 3.33%, its highest level since April 2021, the Mortgage Bankers Association...
Nationally, housing prices were also on the rise, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA...
“There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices," National Association of REALTORS® chief economist Lawrence...
The median sales price of new homes hit a new high of...