The Inman Handbook on existing-home sales

This is the third installment of a new Inman series digging into, and explaining, routine real estate economic metrics and how they’re used to illuminate the current housing market and inventory crises. Don’t miss part 1, The Inman handbook on pending home sales, and part 2, The Inman handbook on new-home sales. While pending-home sales … Read more

Home affordability drops for first time in more than 2 years

Houses were less affordable in March than a year ago, as home prices climbed faster than household income and mitigated the benefit of low interest rates, according to an index that measures housing affordability. It’s the first decline in the First American Real House Price Index — which adjusts for the impact of income and … Read more

Recovering economy is driving housing market’s potential: Study

Potential existing-home sales rose to an adjusted annual rate of 6.31 million in April, up 1.3 percent from March, according to First American Financial’s Potential Home Sales Model. Listings may be in short supply, but an index measuring the housing market’s potential was up nearly 30 percent from a year ago in April, thanks to … Read more

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