Active listings surged 33.5% year-over-year to the highest level since 2020, while the median list price grew by 13.3% in October. New data from Realtor.com's October 2022 Monthly Housing Market Trends Report reveals how these numbers are shifting.
Read More »Slowdown in Supply and Demand Force Sellers to Improvise
As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.
Read More »Pending Home Sales Drop in September
The National Association of Realtors’ latest Pending Home Sales Index showed transactions sliding by 31% year-over-year. Contract signings also pulled back in all four major U.S. regions, with inflated mortgage rates continuing to hinder homebuyers from purchasing a home.
Read More »First-Time Buyers More Likely to Take Financial Risks
American homebuyers persevered through high prices and fierce competition in 2021 and 2022, but few landed their dream home as 80% reported compromising on their priorities, according to a new report from Anytime Estimate. First-timers paid a median of $77,500 over ...
Read More »As Prices Rise, Homes Staying on the Market Longer
With costs continuing to rise and buyers increasingly priced out of their local markets, a Redfin report examines how long houses are remaining up for sale before purchase as a result.
Read More »Pending Home Sales Rise Slightly From April
Pending home sales inched higher in May, ending a six-month streak of declines, according to the National Association of Realtors. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year ...
Read More »Housing Affordability Hits 15-Year Low
Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing ...
Read More »Redfin Reports Buyers Are Finding More Power
Homebuyers are beginning to take back the wheel from homesellers, who have mostly prevailed over the last two years. Redfin reports that more sellers are dropping the price of their homes amid rising interest rates and growing affordability concerns.
Read More »Housing Inventory Grows for First Time in Three Years
New data suggests the U.S. housing market may have hit a turning point in its supply struggle in May, as active inventory recorded the first year-over-year increase since June 2019, according to the latest Realtor.com Monthly Housing Trends Report for ...
Read More »Closed Sales Slip in Q1 from 2021
Home prices across the United States rose in Q1 at an annualized rate of 12.8%, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company. The Radian HPI also ...
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