Homeowners are the clear winners in the housing market, continuing to experience strong appreciation as home prices remain on a steady upward march nationwide. Some markets are still seeing double-digit gains. “Most metro markets continue to set new record highs for home prices,” says NAR Chief Economist Lawrence Yun, noting that more than 80% of metro areas saw home price increases in the first...
Housing’s share of the economy grew to 16.4% in the first quarter of 2025, according to the advance estimate of GDP produced by the Bureau of Economic Analysis. This is the highest reading since the third quarter of 2022 and is up 0.2 percentage points from the fourth quarter of 2024. Full article here: Housing’s Share of the Economy Grows Higher to Start the Year (512) 853-0110...
Existing-home sales have lagged over the past two years, while new-home sales have surged—highlighting a key dynamic: Buyer demand remains strong when inventory is available. “That may begin to shift,” says Lawrence Yun, NAR’s chief economist. “As time passes, life events—such as job changes, family transitions or financial needs—could prompt more homeowners to sell, even if it means...
A record-high 6.8 million households shared their housing with unrelated housemates, roommates or boarders in 2023. While college-age and young adults make up the largest subset of house sharers (close to 41%), this type of living arrangement is gaining popularity among older householders fastest, with the 55+ segment accounting for 30% of all house-sharing households in 2023. Full article here:...
A modest decline in mortgage rates and lean existing inventory helped boost new home sales in March even as builders and consumers contend with uncertain market conditions. Sales of newly built, single-family homes in March increased 7.4% to a 724,000 seasonally adjusted annual rate from a revised January number. Full article here: New Home Sales Rise in March (512) 853-0110...
The past year was another terrific one for homeowners. Their overall net housing equity swelled to $35 trillion in 2024. Nearly a third of that growth came in the past four years. The momentum of higher home sales was already noted in the final months of 2024. A steady boost in inventory, starting in the summer months, has brought more options and excitement to those looking to buy. And, incomes have...
Some observers even think the 2025 spring season might be one not seen in a number of years: an almost normal housing market, as close to evenly balanced between buyers and sellers as anything we’ve seen in a while. Selma Hepp, chief economist with Cotality, the real estate data provider formerly known as CoreLogic, predicts 2025 home sales to be 'slightly above' the pace set in 2024. Full article...
More single women are buying homes than ever before. According to a recent survey from the National Association of Realtors, the percentage of single women buying homes has nearly doubled nationwide over the past four decades, despite the fact that women still typically earn less than men do. Full article here: Single women account for nearly a quarter of first-time homebuyers (512) 853-0110...
Private residential construction spending increased by 1.3% in February, rebounding from a 1.2% dip in January. The growth was largely driven by higher spending on single-family construction and residential improvements. On a year-over-year basis, the February report showed a 1.6% gain, indicating a modest growth in private residential construction spending during market uncertainties. Full article...
A notable uptick in housing inventory nationwide may be pulling the real estate market out of a long winter hibernation. Total existing-home sales, which account for completed transactions for single-family homes, townhomes, condos and co-ops, rose 4.2% month over month in February. “Home buyers are slowly entering the market,” even as mortgage rates and home prices appear frozen at elevated...
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