Tag Archives: Daryl Fairweather

The combination of a healthy economic recovery and continued low rates is forcing home buyers into limited options.

New dataset finds approximately 1.01 million mortgage holders remain in pandemic-related forbearance plans, accounting for approximately $188 billion in total unpaid principal balance (UPB).

After a torrid start to the year, an industry forecast predicts home price appreciation to slow and new construction to replenish the nation’s inventory in the second half of 2022.

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

Limited for-sale inventory is forcing would-be buyers back into renting, putting significant strain on the single-family rental market.

Redfin reports that while the average rent payment was up 11% in September. Mortgage payments for new homebuyers kept pace, rising 15%.

For the first time in 15 months, home sales have slowed, as 52% of homes are still selling above their list price as inventory remains restricted in most metros.  

While the market continues to favor sellers, 432,000 newly listed homes hit the market in August, with once-hotly-contested bidding wars cooling to close out Q3.

While homebuying demand has dipped slightly, pending sales remain 10% above this time last year, according to a new analysis from Redfin.

Real estate economists say the usual factors that slow down home sales each fall are happening—just very gradually.