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 »Breaking Down Local Impacts of a Home Sale
The foundation of wealth-building throughout the country for the masses remains firmly entrenched in real estate. A first-class asset, real estate now represents 17% of the country’s GDP and represents a major driver of the economy as a whole. Asking ...
Read More »Institutional Investors Reach Seven-Year High in Home Purchases
With an emphasis on the Golden State, investors in 2021 comprised the highest share of single-family home and condo sales nationwide since 2013.
Read More »Pending Home Sales Drop to Historic Low
Mortgage purchase applications are decreasing, while median asking prices of newly listed homes increased to 12.9%. Here's the data from a new housing market update.
Read More »Short Supply and Affordability to Constrict Housing Market in 2022
Fannie Mae’s ESR Group found that, despite the nation’s solid economic finish to 2021, inventory and inflation will dampen the housing forecast in 2022.
Read More »Record Low Inventory Drives Down October Home Sales
In a month where housing supply dropped 12.7% nationally, the 1.3 months’ supply of homes recorded in October tied for second-lowest in history.
Read More »Home Sales to Taper Off in 2022
A combination of increased inventory and rising rates will play a role in weakening the housing market over the next 12 months.
Read More »Home Supply to Demand Imbalance Continues
The pace of the housing market has accelerated at a time when it typically slows, as 44% more homes are pending sales than at this time in 2019.
Read More »Continued Demand Drives Prices to Record Levels
Redfin reports that in the month of March 2020, the national median home-sale price hit a record high of $353,000, up 17% from 2020, and a record high rate of growth. Regionally, median sale prices increased from over 2020 in ...
Read More »California Housing Market Ends 2020 on a High Note
Despite a myriad of obstacles stemming from two pandemic-induced lockdowns and a problematic economy that forced many residents and businesses to leave the state, California's housing market closed 2020 with a vibrant sales rate and a fifth record-high median price ...
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