In the months following President Donald Trump’s executive order cracking down on institutional investors buying single-family homes, the state of real estate investing in the U.S. has taken a definite shift. First, investors began to pull out of the market, with Redfin reporting in June that investor home purchases dropped 6% year-over-year in Q1 2026…
The Mortgage Bankers Association’s (MBA) latest survey shows that buyers continue to sit on the sidelines as mortgage application loan volume decreased 5.3% from last week. The mortgage loan application volume, or market composite index, surveys mortgage purchases, refinances and other mortgage activities in the past week. The 5.3% drop this week comes after a…
As homebuilder confidence has now bottomed out to a 12-year low, the housing construction industry continues to face a series of hurdles that are severely diminishing activity. With the latest New Residential Construction report from the Department of Housing and Urban Development and the Census Bureau demonstrating another impacted month, builders are now forecasting issues…
As the housing market begins to wind down for the cold season, pending home sales are also showing the impact of elevated mortgage rates as contract signings fell across the board, according to the National Association of Realtors® (NAR). The Pending Home Sales report by NAR for September shows that sales decreased by 7.3% month-over-month,…
The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for builder confidence fell three points to 29 (out of 100) in October, marking the lowest builder confidence in the market since June 2012. NAHB attributed the historically low measure of builder sentiment to rising mortgage rates, energy and material costs, and…
The Iran War continues to weigh heavily on the economy and the housing market, with mortgage rates returning to the 7% range as inflation remains elevated. With rates now peaked at nearly a three-year high, a new report from Redfin found that housing affordability is once again being eroded and home sales are paying the…
Existing-home sales increased by 1.5% month-over-month and decreased by 2.2% year-over-year, according to the National Association of Realtors®’ (NAR) Existing-Home Sales report. The report provides the real estate ecosystem, including agents, homebuyers and sellers, with data on the level of home sales, price and inventory. Month-over-month sales increased in the South and West, held steady…
Remodeling continues to hold its own as a “stable” segment of housing construction, despite continued challenges for the industry, according to the latest data from the National Association of Home Builders (NAHB). NAHB’s Remodeling Market Index (RMI) for Q3 saw a reading of 62, up one point from Q2 and remaining above the 50-point breakeven…
New Zillow research found that where a six-figure earner lives can be the difference between renting a four-bedroom house with a yard and a 650-square-foot apartment. A $100,000 salary is a meaningful advantage in today’s rental market, translating directly into more space, more options and more financial breathing room. But earning six figures doesn’t offer…
Editor’s note: Econ Review is a roundup of the housing and economic market data reports released during the month. Typically, the real estate industry enters a slower period as the end of the year approaches. The cold seasons bring a deceleration in sales and other activity, and September ushers in the transition period between the…
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