By the Numbers

NAR: Pending home sales slide in April on tight inventory
NAR: Pending home sales slide in April on tight inventory

Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.

Mortgage applications drop 4% on higher rates in latest MBA survey
Mortgage applications drop 4% on higher rates in latest MBA survey

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

New home sales slide in April as prices continue to rise 
New home sales slide in April as prices continue to rise 

The median sales price of new homes sold in April was $372,400, up from $334,200 in March and $310,100 a year ago. 

S&P CoreLogic Case-Shiller: Atlanta home-price gains accelerate yet again 
S&P CoreLogic Case-Shiller: Atlanta home-price gains accelerate yet again 

Nationwide, the seasonally adjusted housing index rose 2% month over month in February and 13.2% year over year, up from a monthly increase of 1.2% in February. 

Half of homes sold above asking price last month, but some wonder if demand has peaked
Half of homes sold above asking price last month, but some wonder if demand has peaked

Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.

Rising home prices wipe out affordability gains brought on by low interest rates, higher income
Rising home prices wipe out affordability gains brought on by low interest rates, higher income

Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.  

NAR: Existing-home sales slide 2.7% in April on short supply
NAR: Existing-home sales slide 2.7% in April on short supply

The short supply continued to drive increases in the price of homes, with the median existing-home price for all housing types rising 19.1% year over year to $341,600.

RE/MAX: Recordbreaking median home sales price climbs again in April
RE/MAX: Recordbreaking median home sales price climbs again in April

The limited inventory that has plagued the housing market continued, although at an abated pace

NAHB: Builder confidence stays strong in May despite concerns about materials costs
NAHB: Builder confidence stays strong in May despite concerns about materials costs

Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

Atlanta Housing Scorecard: Housing starts surge in April
Atlanta Housing Scorecard: Housing starts surge in April

Housing inventory in the Atlanta area, meanwhile, remained significantly below year-ago levels in April.

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