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Get the latest news that affects the real estate industry in general and your business in particular, so that you can knowledgeably discuss questions at the forefront of the industry.

IN THE NEWS

Newsroom

September 22, 2023

Market Watch

Construction of new U.S. homes fell 11.3% in August—falling short of Wall Street expectations—as builders scaled back new projects to focus on completions.

September 15, 2023

Realtor.com

The most common reason homebuyers say they haven’t purchased a home is that they’re waiting for prices to drop.

September 12, 2023

CoreLogic

U.S. home prices began rebounding on an annual basis in July, rising by 2.5%.

September 6, 2023

Redfin

Investor home purchases fell 45% from a year earlier in the second quarter, outpacing the 31% drop in overall home sales.

September 5, 2023

Yahoo Finance

One of the biggest problems in today's housing market is the inventory shortage, with demand far outstripping supply.

August 31, 2023

CNBC

From hurricanes to wildfires and flooding, more homes are at risk from climate change, and home insurers and policyholders face a fast-changing market.

August 29, 2023

Market Insider

Zillow is offering prospective homebuyers the option to put just a 1% down payment on a home purchase amid an ongoing affordability crisis sparked by soaring mortgage rates.

August 22, 2023

CNBC

Mortgage rates hit the highest level since the end of 2000, and that is crushing affordability for potential homebuyers.

August 21, 2023

The Guardian

A wave of young adults bought their first home with the help of student loan pauses and remote work – but will the boom last?

August 18, 2023

Yahoo Finance

Elevated mortgage rates and declining homebuyer traffic is putting a squeeze on the U.S. housing market. 

August 17, 2023

Yahoo Finance

Builders’ confidence dipped for the first time in 2023 in August to a neutral sentiment due to rising mortgage rates and stubbornly high shelter inflation. 

August 15, 2023

Fox Business News

Home price growth slowed for the 12th straight month in May, CoreLogic reported. Still, home prices increased 1.4% year-over-year. 

August 14, 2023

The Hill

Maine has the highest vacant housing rate in the country, according to a new analysis from real estate website LAHomes. 

August 11, 2023

Yahoo Finance

The shelter index was the largest contributor to overall inflation, accounting for over 90% increase for all items.

August 10, 2023

Fox Business News

U.S. mortgage rates topped 7% for the first time in nine months after Fitch downgraded the nation's credit score, dampening demand among would-be buyers. 

August 8, 2023

KTLA TV

The trend of Californians looking to leave the Golden State in hopes of finding more affordable housing options elsewhere seems to be alive and well, according to a study from Redfin.

August 7, 2023

Realtor.com

Millennials are getting priced out and outbid by older, all-cash buyers, real-estate group says.

August 2, 2023

9 to 5 Mac

In 2019, Apple announced a $2.5 billion plan to help address the housing crisis in California in partnership with the state government.

August 1, 2023

National Association of REALTORS®

Foreign buyers purchased 84,600 properties, down 14.2% from the prior year and the fewest number of homes bought since 2009.

July 31, 2023

Berkeleyside

Berkeley approved nearly 900 new homes in 2022, in what the city’s mayor is calling "the biggest boom we’ve seen since the '60s."

July 26, 2023

USA Today

The Fed raised its key interest rate by a quarter point, opened the door to another hike. Inflation has eased but officials worry it could spike again.

July 18, 2023

Yahoo Finance

Homebuilder confidence hit its highest level since June of last year, reflecting enthusiasm in the market for new homes as mortgage rates hover around 7%.

July 12, 2023

National Assn. of REALTORS®

An NAR Member Profile report's findings clearly show that the lack of housing inventory is impacting REALTORS®' ability to find buyers a home. 

July 11, 2023

Cap Radio

A new research paper found homeownership fell 10 percentage points among Californians aged 35 to 45, to less than 40%. 

July 10, 2023

Yahoo Finance

The biggest case for a housing market rebound is coming from the new home construction market.

July 7, 2023

CalMatters

New research pinpoints how the California Environmental Quality Act collides with another state law to make housing construction difficult.

July 6, 2023

Newsweek

The Fed's decision to pause its rate-hiking program could help unlock more homes for sale in California, a market which is struggling with supply.

July 5, 2023

CBS News

Mortgage rates might be high for a while. Fortunately, there are ways to get around them if they do.

July 3, 2023

Market Watch

A survey of American consumer confidence jumped to a 17-month high in June, reflecting a slowdown in inflation and more confidence about the future of the economy.

June 28, 2023

National Assn. of REALTORS®

Americans living in walkable communities report a higher quality of life.

June 27, 2023

KTLA

Even with mortgage rates hovering around 15-year highs, home prices in California edged higher for the fourth consecutive month in May.

June 22, 2023

MarketWatch

Construction on new U.S. homes rose 21.7% in May, the Commerce Department said Tuesday. 

June 20, 2023

CALIFORNIA ASSN. OF REALTORS®

California’s housing market rebounded in May as home sales surged to the highest level in eight months and the statewide median price notched above $800,000 for the second straight month.

June 19, 2023

Freddie Mac

Even with elevated interest rates and high prices, more lower-income households are finding ways to purchase a home — a bright spot in the midst of a challenging market.

June 16, 2023

UnidosUS

HOME will address multifaceted challenges Latinos face in trying to buy a home by expanding market opportunities and providing potential homeowners with the resources they need to navigate the home-buying process.

June 15, 2023

National Mortgage Professional

Competition among buyers over few available houses has made this home shopping season unusually hot.

June 14, 2023

Federal Reserve holds rates steady

Yahoo Finance

The Federal Reserve held interest rates steady Wednesday, but officials signaled they are prepared to raise rates again this year to tame stubborn inflation.

June 13, 2023

Mortgage credit availability decreases in May

Mortgage Bankers Association

Mortgage credit availability decreased for the third consecutive month, as the industry continued to see more consolidation and reduced capacity as a result of the tougher market.

June 6, 2023

Two lenders offer 1% down loans but should you use a bargain mortgage?

Realtor.com

Two of the nation's largest lenders are now offering mortgages that require just 1% down. Experts warn that might not be a good thing.

June 5, 2023

Hidden costs of homeownership can add up to $15k annually

Zillow Research

The everyday expenses of owning a home are higher than ever, according to a new analysis from Zillow® and Thumbtack.

June 2, 2023

Home price declines may be over

CNBC

Nationally, home prices in March were 0.7% higher than March 2022, S&P CoreLogic Case-Shiller Indices said.

June 1, 2023

State Farm will no longer insure homes in California due to wildfire risk

USA Today

State Farm will no longer provide home insurance to new California customers because of wildfire risks and an increase in construction costs.

May 31, 2023

Lenders roll out 1% down payment mortgages

Bankrate

As affordability challenges mount, the nation’s two largest mortgage lenders have rolled out 1% down payment loans.

May 30, 2023

Bakersfield one of 10 top U.S. cities for new college grads

NBC Bay Area

Report found that the second-largest markets across the U.S. can offer college graduates a higher quality of life and an accessible cost of living.

May 26, 2023

Homeownership rate hits lowest level in decades in 2020

The Hill

The U.S. homeownership rate hit its lowest level in five decades in 2020, falling by 2 percentage points in 10 years’ time, according to Census Bureau data.

May 25, 2023

How to take advantage of rising home prices

CBS News

Home prices are rising in many parts of the U.S. Here's how to take advantage.

May 24, 2023

Want a 5% mortgage rate? Buy a newly built home

Yahoo Finance

While the average mortgage rate remains stuck above 6%, buyers of new homes are getting a much better deal.

May 23, 2023

Higher mortgage rates and low housing inventory restrain California home sales in April
 

CALIFORNIA ASSN. OF REALTORS®

A surge in mortgage interest rates and a shortage of homes for sale suppressed California home sales in April.

May 22, 2023

New home construction rises in April

CNBC

U.S. home building unexpectedly rose in April, climbing 2% from March, as low inventory in the existing home market boosts interest in new homes.

May 17, 2023

CA is losing population and building new housing

CalMatters

A California exodus unfolded for the third straight year in 2022. What does that mean for the state’s housing crisis?

May 16, 2023

FHFA ends debt-to-income ratio mortgage fee

USA Today

Homebuyers win after Federal Housing Finance Agency cancels plans for an upfront mortgage fee based in debt-to-income ratios in August.

May 11, 2023

Good news for buyers: mortgage rates poised to fall

Realtor.com

Mortgage rates are poised to begin coming down as inflation is slowing and the Federal Reserve doesn't want to exacerbate the banking crisis.

May 9, 2023

Housing confidence jumps by largest amount in two years

Yahoo Finance

Fannie Mae’s housing sentiment index jumped 5.5 points in April to 66.8, its highest level since May 2022 and the largest monthly gain in two years. to face another large mortgage rate jump after the Fed indicated it intends to pause interest rate increases.

May 8, 2023

Homes Sell Quickly as Drop in Listings Fuels Competition Among Buyers

Redfin

Buyers and sellers are unlikely to face another large mortgage rate jump after the Fed indicated it intends to pause interest rate increases.

May 4, 2023

New mortgage fees explained

Money

A new fee structure for government-backed loans could be a barrier to homeownership for many middle-class Americans.

May 2, 2023

First-time buyers pinched by high prices, low inventory

WKRC

Buyers are likely to face stiff competition and limited housing options for entry-level homes.

April 26, 2023

New home sales unexpectedly increase to 1-year high

OC Register

An easing in mortgage rates is likely helping the housing market find some footing.

April 24, 2023

Middle-income homeowners gain wealth over past decade

April 10, 2023

Housing affordability for all Californians deteriorates

April 7, 2023

CalHFA to Pause the Dream For All Shared Appreciation Loan

April 5, 2023

Lack of home listings taking toll on market

March 30, 2023

California Dream for All program helps first-time buyers

March 27, 2023

Baby boomers overtake millennials as largest generation of homebuyers

March 23, 2023

C.A.R. responds to Gov. Newsom’s State of the State letter

California Assn. of REALTORS®

California REALTORS® urge Gov. Newsom to fully fund California Dream for All down payment assistance program.

March 23, 2023

February 2023 U.S. real estate home search traffic update

SimilarWeb

Among the real estate industry’s search sites for buying and selling homes, Homes.com grew traffic, and Rocket Homes declined.

March 21, 2023

U.S. home sales surge, ending 12-month streak of declines

National Assn. of REALTORS®

Existing-home sales surged 14.5 percent in February, reversing a yearlong trend of falling transactions from one month to the next.

March 20, 2023

Banking woes cause financing concerns for homebuilders

Market Watch

Concerns over the stability of the U.S. banking system is spilling over into the housing sector as experts worry about credit drying up for home builders.

March 15, 2023

More Latinos are becoming homeowners

National Assn. of Hispanic Real Estate Professionals

A new report from NAHREP found that Latinos formed more new households than any other demographic group in 2022 while also increasing their homeownership rate.

March 15, 2023

Drop in investor home purchases could be good for homebuyers

Fox Business News


Investors have retreated from the housing market, with purchases declining nearly 50% as they wait and see how low home prices will go.

March 13, 2023

Homeowners who have 3% mortgages becoming accidental landlords

Yahoo Finance

99% of borrowers have a mortgage rate lower than 6% and some are choosing to rent out their homes instead of selling.

March 13, 2023

Yahoo Finance

The failure of Silicon Valley Bank caused mortgage rates to unexpectedly drop, which could offer an opening for homebuyers and homeowners who have been waiting for an opportunity to lock in a lower rate.

March 13, 2023

What’s changing in home appraisals to reduce racial bias

NPR

New recruiting and technology aims to change how home appraisals are done and by whom.

March 12, 2023

Weak spring homebuying season could change soon

Barron's

If inflation continues to slow, mortgage rates are likely to retreat, which could bring prospective home buyers off the sidelines.

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