Tag Archives: Chuck Fowke

For the third consecutive month, single‐family houses rose, as buyers cash in on low rates before a predicted hike in the coming months.

Month-over-month, contract signings fell 2.3% in September from August, and slid 8% year-over-year, as NAR reports nominal house price growth has been outpacing house-buying power with rates on the rise.

A new analysis from Redfin found that, for the fifth consecutive month, bidding wars declined, despite continued demand fueled by an ongoing shortage of homes for sale.

Supply chain issues for builders has contributed to a severe lack of inventory, which restricted home sales in September.

Demand continues to be high, but supply issues concerned many builders in April.