Housing markets

Recent existing home sales have been stronger than expected, but next year could see a market held back by the inventory shortage and higher rates.

Canada’s national pension fund struck its first partnership to build and rent out single-family homes in the U.S., joining a rush to capitalize on a housing shortage.

The U.S. Treasury Department will begin developing regulations that could expand reporting requirements for all-cash real estate purchases as part of the Biden administration’s efforts to cut down on global corruption, according to two senior administration officials.

Similarities between the current rate of appreciation and what took place between 2004 and 2006 are mitigated by changes in the housing market.

Besides making the deduction permanent, the bill doubles the income threshold for those eligible to claim it.

Acting Federal Housing Finance Agency Director Sandra Thompson and the Housing Policy Council say the new amounts are not good for affordable housing.

Though unlikely to derail a hot housing market, another surge in COVID-19 cases could cloud the outlook for economic growth, analysts said.

However, the median monthly expense associated with financing is still lower than that for a lease.

But in November, home buyer demand reached its highest level since RedFin began compiling the data in 2017.

The number of plans is less than one-fourth of what it was at its pandemic peak, and many are expiring, so the group will replace the weekly measure with a monthly one.

Average incomes for this age group increased by 24% since 2012, but housing prices jumped 86%.

Counties in the West faced the least risk from pandemic distress in the third quarter, according to Attom Data Solutions.

While September's single-family starts were unchanged from the prior month, multifamily activity fell 5%, according to government data.

The drop over the 30-day period was in line with a large number of plan expiration dates, and occurred despite the extension of an initial filing deadline for government loans.

Following the federal moratorium’s end, the number jumped, marking the highest quarterly growth on record, according to Attom Data Solutions.

The $146 million deal could indicate that volume in the asset class has gotten large enough to support programmatic activity in the pricey housing market.

The share of borrowers who thought it was a good time to buy hit an all-time low, according to Fannie Mae.

More for-sale homes hit the market than at any point this year but a turning point may lie ahead, according to Realtor.com.

The home price increases and the ongoing inventory shortage made buying conditions difficult and many think it’s only getting more challenging, according to RealtyTrac.

The decline from 4.4% in July and 6.88% a year ago brings the number much closer to pre-pandemic norms, but foreclosure starts are a different story.