Current Market Data

Surprise surge in new-home sales in May as median price falls 

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

Median existing-home price tops $400,000 for first time in May 

Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®. 

Housing demand expected to return to pre-pandemic levels

Realtor.com’s updated 2022 forecast sees housing demand returning to pre-pandemic levels.

Denver home sales rise 3.3% year over year in May

Nationwide, sales fell 8.5% annually and rose 5.8% monthly, as rising interest rates and home prices weighed on homebuyers’ purchasing power, RE/MAX said.

Housing starts plunge in May amid uncertain economic conditions 

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

Mortgage lending plummets in first quarter of 2022

Mortgage lending took a nose dive across the U.S. in the first quarter of 2022

Flattening homebuyer budgets indicate price growth will begin to slow

Redfin economists say they expect the cooldown in budgets to lead to a cooldown in price growth over the next few months. 

Mortgage application rates fall to lowest level in more than 20 years

Worsening affordability challenges are affecting first-time homebuyers

May marks turning point in housing frenzy, homebuyers starting to regain control

The shift comes at a great cost as rising mortgage rates continue to keep buyers out of the market.

Denver home prices show no signs of slowing in March S&P CoreLogic Case-Shiller Index 

Nationally, the index posted its highest annual increase ever.

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