As housing deal cancellations and home price cuts hit record highs, new data from Redfin's latest market analysis showed pending sales dropped 32% year-over-year in October, marking the largest decline since 2013.

A new study from Bank of America revealed 73% of Gen Z reported that the current economic environment has made it more challenging to save. Many respondents said inflation has created even more financial stress, while surging rents or home prices have made it harder to afford day-to-day necessities.

Residential mortgages issued in Q3 of 2022 were down nearly 19% from an estimated 2.4 million in Q2, while the volume of loans in Q3 also dipped 22% from $820 billion in the prior quarter.

A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.

As home value growth outpaced income growth throughout the country, median home values increased by 17.36% on average from 2019 through 2021, according to a new study from LendingTree.

The latest market analysis from ATTOM found that median single-family home and condo prices rose from Q2 to Q3 2022 in more than half of the nationwide Opportunity Zones analyzed—up an estimated 3% in nearly half of those regions.

As inflation begins to slow, the latest Redfin analysis showed the median home sale price rose just 3% year-over-year, the slowest sale-price growth since the beginning of the pandemic.

First-time homebuyers looking to purchase a typical home during Q3 have begun to feel the impact of nationwide housing's growing unaffordability. A new report from the National Association of Realtors revealed single-family existing-home sales prices grew in nearly every metro analyzed, as the national median home price climbed nearly 9% from 2021.

A new LendingTree analysis revealed that movers typically stick near the states that they live in, and if they move states, they often migrate to a bordering state rather than one across the country.

Joe Mellman, SVP and Mortgage Business Leader at TransUnion, said, "Considering that homeowners had a cumulative total of $604 billion in non-mortgage debt, [HELOCs allow homeowners to] use their available home equity to pay off more expensive debt while keeping their existing low interest rate mortgage in place.”