NAHB: The latest data shows remodeling remains strong for the residential construction market, reflecting sustained consumer demand and industry confidence.
More homebuyers may be ready to enter the market now – figuring out debt-to-income ratio, interest rates, budget considerations and other factors are key.
The government’s spending and investment grew at a 9.3% annual rate in Q1 while consumer spending growth slowed to 1.6%. Q1 covered about a month of the Iran war.
Real estate Q&A: A new survey found the overlap, not uncommon as property lines don’t always match assumptions. Confirm the results first, then talk to the neighbor.
Realtor.com April report: U.S. home prices fall for 6th straight month, but fewer price cuts indicate that sellers are entering the market with realistic expectations.
Open houses can generate traffic, widen the pool of potential buyers, shorten the decision window and support stronger offers, plus reinforce buyer trust.
Thoughtful planning can help would-be home buyers prepare for the experience. A clear look at finances and budget is a good place to start.
Prices rose 3.5% compared to a year ago, pushing inflation further away from the Fed’s 2% target, likely leaving interest rates on hold at least for now.
Ending a 3-week slide, it’s up from 6.23% last week, but lower than the 6.76% a year ago. The 15-year FRM rose to 5.64%; it was 5.58% last week and 5.92% a year ago.
Housing production bounced back in March as builders increased starts despite headwinds. Overall starts rose 10.8% to a seasonally adjusted pace of 1.5 million.
