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 ...
Read More »Rising Rates Create Stressful Environment for Aspiring Homeowners
HouseCanary, Inc. has released its latest Market Pulse report, — a continuous review of proprietary data and insights from Housing Canary — covering 22 listing-originated metrics and comparing data between April 2021 and April 2022. New housing inventory remained negative in the ...
Read More »Home Prices Jump 20% From February 2021
CoreLogic released the CoreLogic Home Price Index (HPI) and HPI Forecast for February 2022, revealing home price growth recorded a year-over-year increase of 20% nationwide in February, another series high and marking 12 months of consecutive double-digit gains. The CoreLogic ...
Read More »Median Home Listing Price Balloons to $405k
Another day, another housing record broken. Realtor.com has released new information showing that home prices have hit another record high—$405,000—for the first time in March 2022. But as prices rise, demand is beginning to moderate according to Realtor.com. In addition ...
Read More »First-Timers Zero in on Markets Rich in Supply
First-time home buyers with remote work flexibility are focusing on markets where the inventory of homes for sale is nearly two times more than the national average.
Read More »Housing Demands to Slow in Winter Months
Redfin reported median sale prices rose to a record high even as the number of homes for sale fell to an all-time low. Homebuyer demands is projected to slow in the coming winter months, as it may return to a ...
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