The S&P/Case-Shiller national index rose a seasonally adjusted 0.5% in the three-month period ending in January, and was up 6.2% compared to a year before. The 20-city index rose a seasonally adjusted 0.8% for the month, and 6.4% for the year. MarketWatch
Pending-home sales rose 3.1% to 107.5 in February, the National Association of Realtors said Wednesday. Economists had forecast a 3.0% increase. Mortgage News Daily
It is conventional wisdom that homeownership is key to household wealth, and the National Association of Home Builders makes a convincing argument for that theory in its Eye on Housing blog.
As rent prices continue to rise, a new study shows Millennials are paying about 45% of their total income toward rent, and pay out close to $100,000 toward rent before they turn 30. Forbes
It's a seller's market, for sure, with tight housing markets across the country and home values that have risen 7.6% in the last year alone, according to Zillow. But if you're thinking of cashing in your chips and recouping some of the value you've gained in your homestead by selling it, you should know that selling a house can cost more than $18,000 The New York Times
This spring's home sales season is shaping up to be the most interesting one in years. Realtor Magazine
What is a seller's market? Simply put, it's a market where there are more home buyers than sellers. Based on basic laws of supply and demand, this means sellers have the upper hand: They will likely sell their place quickly, perhaps for over asking price, with a minimum of fuss or pushback from buyers. The Wall Street Journal
The apartment rental market softened in the first quarter, but not as much as expected given a surge in new supply. (Subscription may be required.) National Mortgage News
The New York Times
The Trump administration is attempting to scale back federal efforts to enforce fair housing laws, freezing enforcement actions against local governments and businesses, including Facebook, while sidelining officials who have aggressively pursued civil rights cases. Bloomberg
California is bracing for a high-profile fight over the state's housing crisis. It's a clash that pits Silicon Valley technology executives, who want to cut regulations that make it hard to build multi-story apartment buildings, against existing home owners and affordable housing advocates. The New York Times
Fair housing groups filed a lawsuit in federal court on Tuesday saying that Facebook continues to discriminate against certain groups, including women, disabled veterans and single mothers, in the way that it allows advertisers to target the audience for their ads. The suit comes as the social network is scrambling to deal with an international crisis over the misuse of data belonging to 50 million of its users.
Los Angeles Times
In passing a $1.3-trillion spending package, Congress didn't just avert a government shutdown. It also provided a boost to affordable housing developers who say their projects have been delayed — even killed — by recent tax law changes. HOUSING FINANCE NEWS American Banker