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80% of Metros See Double-Digit Price Gains in 2Q

NAR: Median home prices in the second quarter were up 14.2%, but Fla. saw bigger gains. Of the top 10 U.S. metros for home-price increases, Fla. had 7 ranking cities.
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NAR’s Yun: Any Economic Downturn Likely Mild

The chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown. …continue

NAR: March Existing Home Sales Slip 2.7%

Year-to-year, total U.S. home sales fell 4.5%. NAR’s chief economist says sharply rising mortgage rates and higher inflation is beginning to impact the market. …continue

Feb. New-Housing Starts Surpass Expectations

A disappointing dip in Jan. new-home starts was followed by a surprise surge in Feb. Economists expected about 3.2% growth but starts rose by 6.8%. …continue

January: Housing Starts Down, Building Permits Up

While the number of housing starts declined 4.1% compared to Dec., the number of building permits – indicators of future housing-start numbers – rose 0.7%. …continue