Real Estate

Pending home sales recorded the second-lowest monthly reading in 20 years as pending transactions dropped by nearly 40% year-over-year, while contract signings also slipped from October.

As home prices and mortgage rates fall from their peak, the typical homebuyers’ monthly housing payment declined nearly $300 from October, according to a new report from Redfin.

However, November’s total of starts still trails highs seen in June 2022 and remain well below pre-pandemic levels.

Despite declining home prices, affordability worsened in the fourth quarter of 2022. Click through to find out what this means for the market’s future.

According to the FHFA’s Q3 2022 Foreclosure Prevention and Refinance Report, the Enterprises completed 69,362 foreclosure prevention actions within the quarter, helping troubled homeowners nationwide to stay in their homes.

CoreLogic reports that the Miami metro region continued to lead the nation in rent price growth in October, posting nearly double the national increase.

"Sellers and buyers are each able to negotiate, with neither having a built-in upper hand," said Nick Bailey, RE/MAX President and CEO, "...but it seems like the market is shaking off the last vestiges of the 2021 overheating. Balance seems to be returning—as it usually does."

Wendy Lee of Sagent explains how to properly refine talent during this tough 2022-23 mortgage cycle.

The GSE’s Economic & Strategic Research Group predicts the economy will experience recessionary conditions starting during the first quarter of 2023. Here’s what else their latest forecast suggests.

According to a new report, the share of Redfin users moving away from their home metro is nearing a record high as 6%-plus mortgage rates and inflation continue to cut into homebuyers' budgets.