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...
Existing home sales in February increased to the second highest level since March 2024, according to the National Association of Realtors (NAR). This rebound suggests buyers are slowly entering the market as inventory improves and mortgage rates decline from recent high in January. Full article here: Existing Home Sales Increased in February (512) 853-0110...
Overall housing starts increased 11.2% in February to a seasonally adjusted annual rate of 1.50 million units. Within this overall number, single-family starts increased 11.4% to a 1.11 million seasonally adjusted annual rate, the highest pace since February 2024. Full article here: Single-Family Housing Starts Hit 12-Month High in February (512) 853-0110...
Adults ages 60 to 78 appear to be brushing off current housing challenges more easily than other age groups. Find out what baby boomers—and other age groups—are expecting from their agents to help them succeed in today’s housing market. Full article here: Flexing Their Equity, Baby Boomers Are Driving the Housing Market (512) 853-0110 or robert@AustinTxHomeSales.com If you are...
The continued shortage of existing homes for sale has helped to keep new single-family construction growing across all regions, according to the latest National Association of Home Builders release of the Home Building Geography Index (HBGI). Despite persistent factors that continue to affect housing affordability, including a limited supply of buildable lots, rising construction costs, and a shortage...
When you think about housing-related investments, homebuilder stocks should come to mind. These companies turn the dream of new housing into reality. They buy up land, design communities, and build homes that make the dream possible. The next homebuilder boom could already be underway. And the eventual upside could be massive in the months ahead. Full article here: Homebuilder Stocks Could Jump...
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