By the Numbers
Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey.
Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.
Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. And, according to a new study from RentCafe, that’s especially tough in Boston.
The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association.
“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun
Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.
What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.
The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.
“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi
The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders.