Fannie Mae expects housing to help stabilize U.S. economy

The U.S. economy will continue to look to a healthy residential real estate market to help offset ongoing weakness in business investment, according to the newest commentary from Fannie Mae’s Economic and Strategic Research (ESR) Group. Coupled with consumer spending — which remains the primary driver of U.S. gross domestic product (GDP) amidst the persistent […]

Redfin: African American households can’t afford 75% of listings

A startling new report from Seattle-based real estate brokerage Redfin found that a typical African American family was able to afford only 25% of the for-sale homes in major U.S. metropolitan areas in 2018. That’s down from the 39% affordable-housing share for the median-income black household in 2012. Last year, 57.5% of listings were affordable […]

Redfin: African American households can’t afford 75% of listings

A startling new report from Seattle-based real estate brokerage Redfin found that a typical African American family was able to afford only 25% of the for-sale homes in major U.S. metropolitan areas in 2018. That’s down from the 39% affordable-housing share for the median-income black household in 2012. Last year, 57.5% of listings were affordable […]

Homebuilder confidence is rising, NAHB reports

Homebuilder confidence surged in October, boosting the housing-market index from the National Association of Home Builders (NAHB) and Wells Fargo to its highest point since February 2018. The index, compiled from a monthly survey that the NAHB has been carrying out for three decades, measures builder perceptions of current single-family home sales, as well as […]

Single-family rents increase 3% in August

Monthly rents for single-family homes in the U.S. were up 3% annually this past August — a figure that was essentially unchanged year over year, according to data analytics company CoreLogic. CoreLogic’s Single-Family Rent Index was down 0.1 percentage points from August 2018, following similar scant changes that occurred from July 2018 to July 2019. […]