#housing-market

#housing-market

The rise in foreclosure rates across the United States, particularly in states like Nevada and Florida, is a concerning trend driven by economic challenges, including the impact of the tourism industry and stagnant wages. While some areas have seen a slight decrease in foreclosure completions, the overall numbers are still on the rise, according to a new report by ATTOM.

Nearly 57% of workers from households earning less than $50,000 report delaying or canceling a major purchase. That compares with 48% of households making $50,000 to $100,000 and 35% of those earning more than $100,000. Among renters, nearly half (49%) say they were holding off on major purchases compared with 27% of homeowners. Roughly a third (32%) of respondents say their job security had no impact on their purchasing decisions.

NAR's chief economist Lawrence Yun attributes this slight increase to improving affordability. Wage growth is now comfortably outpacing home price growth, and buyers have more choices. Condominium sales increased in the South region, where prices had been falling for the past year, Yun said in a statement. The median sales price for existing homes in July was $422,400, up just 0.2% annually. However, this does mark the 25th consecutive month of annual price increases.

His annual shareholder letters are dissected for wisdom, and his quarterly SEC 13F filings trigger market speculation. When ) latest filing revealed new stakes in a trio of homebuilders Berkshire Hathaway's ( )( echoing his foray into the space in 2023, many investors were surprised. Although this repeat play suggests confidence in the industry's recovery, with housing signals flashing bright red, many wonder if Buffett is misreading the market thiss time - or is this a contrarian masterstroke?

It's a big change that would hit long-term owners hardest and create a cliff-edge at £1.5 million. While headline gains look substantial, they're often the result of decades of ownership. For households who don't need to move, this could be a strong disincentive to sell, dampening transactions and potentially weighing on house price growth and Treasury revenues alike.

Mortgage rates are just about 10 basis points lower than they were a year ago, but the median home price nationally hit a new record high in June.

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,428,000, which is 5.2 percent above the revised June estimate. Meanwhile, permits hit a cycle low at 1,354,000.

Housing starts jumped in July, with multi-family starts surging for a second straight month, while single-family starts showed a modest rebound after four months of declines.

Lennar has launched the Lennar Investor Marketplace, allowing investors to browse new homes and make informed, data-driven decisions, amidst rising unsold inventory.

In July 2025, new single-family home sales were estimated at a seasonally adjusted annual rate of 685,000 units, a 2.7% increase from June's 667,000.

Affordability remains the primary hurdle in the housing market, compelling homebuyers to await lower mortgage rates before making purchasing decisions. The continuous high prices inhibit market movement.

The New Home Lot Supply Index climbed to 68.4 in Q2 2025, indicating a greater supply of vacant developed lots than the historic low of 35.8 in Q2 2022.

Homeowner loss ratios have increased from 75% in 2021 to 85% in 2023, with forecasted elevated ratios due to anticipated hurricane activity in 2024.

In the South and West regions, newly built homes are more affordable than existing ones, averaging $218.66 per square foot compared to $226.56.

James Jannard has re-listed his Beverly Hills megamansion for $65 million, down from $68 million, showing a trend of wealthy sellers adjusting prices in a challenging luxury market.

We've experienced the most significant decline in home sales ever when mortgage rates soared from 3% to 7%. Weekly Housing Market Tracker data improves when rates move from 6.64% toward 6%.

During the second quarter of 2025, Opendoor recorded $1.6 billion in revenue, up 4% annually, and a net loss of $29 million, an improvement over its $92 million net loss record in Q2 2024.

Investors now own 87,928 of Orange County's single-family houses, accounting for 16% of the market, according to recent data. Statewide, investors own 19%.

Nvidia made early investors rich, but a new class of 'Next Nvidia Stocks' could perform even better in the current market environment.