In September, the U. S. housing market saw a slight boost in home sales. This uptick happened because mortgage rates dropped a bit, and more homes became available for buyers. The number of homes sold went up by 1. 5% compared to August. This is the fastest pace since February. However, it's important to note that this increase is not a huge surge. It just shows that...
Fannie Mae and Freddie Mac, the big names in the U. S. housing market, might soon go public. This is not new news, but it is gaining traction. These companies have been under government control since the 2008 financial crisis. Now, there's talk about making them public again, possibly by the end of 2025. These two companies are huge. They have over $7 trillion in as...
Economists and business leaders recently gathered to discuss the economic outlook for Greater Williamsburg. The conversation covered a range of topics, including the job market, housing trends, and the tourism industry. Inflation has been a major concern, with recent data showing a rise in prices. This trend is partly due to tariffs on imported goods, which have mad...
Gen Z is shaking up the housing market. Unlike their parents, they're not rushing to buy homes. Instead, they're choosing to rent, live with family, or have roommates. This shift is happening because homes and rent are too expensive. Plus, jobs aren't as easy to find as before. Gen Z is the group born between 1997 and 2012. Right now, only 26. 1% of them own their h...
The U. S. is making a bold move in the world of home loans. Fannie Mae and Freddie Mac, two big names in the mortgage game, will now consider cryptocurrencies as assets when they check if someone can afford a home loan. This is a pretty big deal because it shows that digital money is becoming more accepted in the real world. The Federal Housing Finance Agency (FHFA)...
The real estate market is feeling the pinch. In May, sales of new single-family homes took a nosedive, plummeting by 13. 7% compared to April. This drop brought the sales figure down to 623, 000 units on a seasonally adjusted, annualized basis. To put that into perspective, it's not just lower than last month but also 6. 3% below May 2024. It's also lagging behind th...
The housing market is finally showing signs of slowing down. After a wild ride during the pandemic, prices are starting to cool off. In April, home prices only went up by 2. 7% compared to the same time last year. That's a big drop from the 3. 4% increase seen in March. It's the smallest gain in almost two years. Some places are seeing prices flatline or even drop. ...
The U. S. housing market is feeling the pinch. Home sales in May barely budged, rising just 0. 8% from April. This sluggish pace is the slowest for May since 2009, a year when the market was still recovering from a major crash. Compared to last year, sales dropped by 0. 7%, showing that the housing market is still struggling. Prices are still climbing, but not as fa...
The confidence of homebuilders has taken a hit, reaching near-record lows in June 2025. This drop is largely due to higher mortgage rates and economic uncertainty. The National Association of Home Builders and Wells Fargo Housing Market Index (HMI) showed a decline in builder sentiment, falling 2 points to 32. This is a stark contrast to June 2024, when the index wa...
First-time homebuyers are facing a tough market. Prices and mortgage rates are high. This can make it hard to find a good deal. But, there are ways to make it easier. One big factor is where you choose to buy. Some places have lower prices and more options. This can make a big difference in how much you spend. A recent study looked at 180 cities in the U. S. ...