Fed raises interest rate for the fourth time in 2018

The Fed’s increase sets a target range for the federal funds rate of 2.25 percent to 2.5 percent. The increase of 25 basis points came as the “labor market has continued to strengthen and that economic activity has been rising at a strong rate,” according to a statement from the Fed.

Existing-home sales up in October, ending 6-month slide: NAR

Existing-home sales ended a six-month skid in October, climbing 1.4 percent from September. Despite the monthly gain, sales were still down 5.1 percent year-over-year.

The essential guide to thriving in a turning market

The situation in many markets across the country has begun to change: Home sales are slowing down and so too is the momentous price growth seen just a few months or years ago.

Next stop: The opportunity market

Conventional wisdom suggests the market will continue to favor sellers, at least for another year, but Douglas Elliman President Scott Durkin has another name for it: Opportunity.

Inventory is rising, home prices could flatten in 2019

Following years of steady appreciation, home prices could begin to flatten nationally in 2019, economists told Inman. Regionally, it’s a different story.

Fed raises interest rates another 0.25% in third hike this year

The Federal Reserve increased its short-term interest rate from 2 percent to 2.25 percent Wednesday, the third rate hike to take place this year. 

Existing home sales remain steady, ending 4-month slump

Sales of existing homes remained steady from July to August, ending four months of decline, according to data from the National Association of Realtors.

Housing starts soar in August but permits plunge to 15-month low

Privately owned housing starts jumped 9.2 percent month-over-month and 9.4 percent year-over-year to a seasonally adjusted annual rate of 1,282,000, according to the latest data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau. 

Home prices rise for the 72nd straight month: Case-Shiller Index

Home prices increased for the average home for the 72nd straight month, according to the latest S&P CoreLogic Case-Shiller National Home Price NSA Index.

Existing-home sales rise for the second straight month

Existing-home sales jumped 1.1 percent, climbing to a seasonally adjusted annual rate of 5.60 million. In spite of low inventory challenges that have persisted into 2018 and increasing home prices nationwide, it’s the second month in a row during which existing home sales rose, following two straight months of declines.