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Housing Headlines Archives for 2018-03

Get ready for most competitive spring home buying season since the Great Recession
Spring is here — and with it comes the most popular time of year to shop for a home. But if prospective home buyers don't prepare properly, they could be in for an agonizing search.
ABC News (AP)
US new-home sales dipped in February, but demand is solid
Sales of new U.S. homes slipped 0.6 percent in February, a third straight monthly decline. But year to date, sales are up 2.2 percent in a sign that buyer demand remains solid.
Existing-home sales snap back in February even as inventory slides to a fresh low
Existing-home sales ran at a seasonally adjusted annual pace of 5.54 million in February, the National Association of Realtors said Wednesday.
Forget big-city living: More millennials are transforming small-town America
Everybody knows the deal: Millennials want to be in the biggest cities, in the center of all the trendiness, all the job growth, and, generally speaking, all the action. Right? Well, not so fast.
The New York Times
2018: A tough year for first-time buyers
Tax law changes, low inventory and tight credit may present extra hurdles this year for people buying their first homes.
Homebuyers are not bothered by higher rates or taxes, but sellers are
Home sales rebounded more strongly than expected in February, and the National Association of Realtors says they could have been even higher if there were more homes for sale.
The Wall Street Journal
The next housing crisis: A historic shortage of new homes
America is facing a new housing crisis. A decade after an epic construction binge, fewer homes are being built per household than at almost any time in U.S. history.
Fox Business
A new housing crisis emerging?
Home construction is approaching its lowest level in decades as fears emerge that a new, different industry crunch could be emerging.
The New York Times
California housing problems are spilling across its borders
A growing homelessness crisis. Complaints about traffic congestion. Worries that the economy is becoming dominated by a wealthy elite.
This is why millennials have yet to flood housing market
Millennials are the largest living generation, however, according to Freddie Mac's March Insight report, they are falling short of dominating the housing market.
The Wall Street Journal
Retirees reshape where Americans live
Americans are relocating to retirement hot spots scattered around the country and returning to suburbia, according to Census Bureau figures released Thursday. (Subscription may be required.)
The Washington Post
Retailers are hiring more people. One reason: Home renovations.
The nation's unemployment rate remained unchanged in February, but there was one bright spot many economists weren't expecting: an influx of retail jobs.
Fannie Mae: Fewer lenders easing credit standards
Fewer lenders are choosing to ease their credit standards, despite their negative profit margins, according to Fannie Mae's Q1 2018 Mortgage Lender Sentiment Survey.
National Mortgage News
Is this Jeb Hensarling's last stand?
Rep. Jeb Hensarling, R-Texas, has less than a year left in office — and he seems to be spoiling for one last fight. (Subscription may be required.)
USA Today
Affordable housing is at risk from tax cut law
On 1st Street in Santa Ana, not far from where authorities recently cleared a tent encampment along the Santa Ana River near Angel Stadium, developer Caleb Roope wants to build nearly 1,000 apartments that will be affordable for low-income seniors and families.

Some U.S. homeowners are getting started early. Really early.



Nearly 100,000 members of Generation Z own a home (they're 23 and younger)

Some U.S. homeowners are getting started early. Really early. Benjamin Ulloa, a 19-year-old real estate broker who lives with his parents in Oregon, purchased a home in Hoquiam, Wash., two years ago.


Here's what you need to earn to buy a home in these big cities

Record-low inventory is causing home prices to rise across the U.S., so higher salaries are now required to afford monthly housing payments, according to SmartAsset.

The Wall Street Journal

New York housing is getting (gasp!) more affordable

What will New Yorkers do if they can't bemoan the cost of housing at every cocktail party and youth-soccer match? Signs are emerging that the city's perpetual housing worries may be easing. (Subscription may be required.)

National Mortgage News

12 cities where homes for sale are dwindling

As housing demand continues outpacing supply, tight inventory is plaguing potential buyers and putting upward pressure on home prices. But supply in some housing markets worse off than others.





Over a million Americans may have just lost their shot at refinancing

Interest rates have surged in the opening weeks of 2018, raising uncomfortable questions about how much higher they can go before home purchases become unaffordable.

The Wall Street Journal

Spring home sales could be the weakest in years

The economy is booming, take-home pay is rising and millennials are getting married and having children. Despite all those homebuying catalysts, this could one of the weakest spring selling seasons in recent years. (Subscription may be required.)

The Wall Street Journal

Mortgage rates at a four-year high threaten to roil housing

U.S. mortgage rates have hit their highest level since 2014, a new challenge for a housing market that has been central to the economic recovery but remains vulnerable to even modest headwinds. (Subscription may be required.)


U.S. adds 313,000 jobs in February in biggest gain in a year and a half

The U.S. added 313,000 new jobs in February, the biggest gain in a year and a half and clear evidence that a strong economy has plenty of room to keep expanding.



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