Industry News

Home prices make their biggest jump in 4 years

Tom Oslund

It is a seller’s market, undeniably. The supply of homes for sale is low, demand is high, and now prices are heating up even more. But sellers today see more reasons to stay put than to profit.

Home prices jumped 7.1 percent annually in May, according to a new report from CoreLogic. That's the biggest jump in four years. Annual price gains had been shrinking slightly, as mortgage rates...

Housing Starts Reach Post-Recession High in May as Permits Soften

Tom Oslund

Total housing starts rose 5% in May to a seasonally adjusted annual rate of 1.35 million units, according to newly released data from HUD and the Commerce Department. This is the highest housing starts report since July 2007.

While housing production numbers rose, overall permits dropped 4.6% to 1.3 million units: Single-family permits fell 2.2% to 844,000 while multifamily permits fell...

Reaching Out to First-Time Home Buyers

Tom Oslund

During National Homeownership Monthin June, the housing industry celebrates the important role that home plays in our lives and the benefits of homeownership to households, communities and the national economy.

It’s also an exciting opportunity to help open the door of homeownership to a rising tide of first-time home buyers.

As we’ve previously reported, recent data from the...

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