According to a new report, the market will continue to be characterized by highly competitive buyers trying to snap up any and all available inventory.
Read More »Survey Finds American Dream Still Alive Despite Inflation, Mortgage Rates
A new survey from Falls & Co. finds that Americans still have not soured on the idea of owning a home despite challenging current market conditions.
Read More »U.S. Homeowners Remain Financially Disincentivized to Sell Their Homes
According to a new study from First American, some 90% of homeowners remain discouraged by the idea of selling their homes. Will that change if mortgage rates were to decline in 2024? Here’s what experts predict about the ongoing “sellers’ strike.”
Read More »Mortgage Balances, Delinquencies Up in Q3
Home equity could be ‘viable solution to ease debt pressures,’ experts say as mortgage balances nationwide grew in the third quarter according to TransUnion.
Read More »Fannie Mae Forecast: Economy Will Pick Up in 2025
Home sales are likely to weaken in the near term and will likely bottom out sometime early next year, according to new commentary from Fannie Mae’s Economic and Strategic Research Group.
Read More »American Incomes Lag Behind Home Prices
Millennials face significantly higher homebuying hurdles than preceding generations. A new report shows how big the disparity between costs and incomes has become.
Read More »Home Prices Hit New Peak as ‘Supplier’s Strike’ Continues
October sale prices indicated that the lack of housing supply is constraining market and frustrating homebuyers, according to First American's October Home Price Index report, with sellers continuing their "suppliers' strike" and further hampering already insufficient inventory levels.
Read More »Share of Home Sellers Offering Concessions Up From Pandemic Lows
As homebuyers continue to back out of the housing market, home sellers are providing concessions to help reduce the buyers’ total cost of purchasing the home, according to a new Redfin report, offering some house hunters a sense of financial relief in hopes to sell their homes quickly.
Read More »Median Homebuyer Household Income Jumps to $107K
NAR reports that homebuyer income has seen an annual increase of 22% in 2023, as down payments have jumped to the highest percentage in over two decades.
Read More »Rental Market Moderates as New Inventory Gets a Boost
A new Redfin report revealed the share of rental vacancies has increased as more inventory enters the market, causing median asking rents to flatten nationwide from their record high reached in August 2022.
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