The National Association of Realtors’ latest Pending Home Sales Index showed transactions sliding by 31% year-over-year. Contract signings also pulled back in all four major U.S. regions, with inflated mortgage rates continuing to hinder homebuyers from purchasing a home.
Read More »Pandemic-Era Sellers’ Market Experiences Rapid Decline
As housing affordability continues its decline, the latest analysis from First American projects home price appreciation to fall further as the booming sellers’ market seen in early 2022 has now turned in favor of homebuyers.
Read More »Black and Latino Homeownership Rates Rise in Nearly Half of U.S.
While Black and Latino households have often been disproportionately affected by predatory lending practices, homeownership rates have increased nationwide for both. However, lack of affordable housing and high interest rates may pose challenges moving forward.
Read More »Home Sales Slowing as Inventory Remains Low
Home sales in September saw a significant dip compared to August, decreasing about 30% lower than the same time last year. While inventory is up just 3%, numbers remain nearly 40% below 2019 levels.
Read More »Data: October Is the Best Time to Buy a Home
A new report finds that the winter months have the lower average sales price when compared to the rest of the year.
Read More »July Home Sales Drop to Early-Pandemic Levels
Home sales showed no signs of stopping its recent descent in July 2022, as sales dropped to their lowest level since the beginning of the pandemic when the market was at a near standstill. According to Redfin, home sales dropped ...
Read More »Record Share of Homebuyers Looking to Relocate
The housing market has slowed following a pandemic-driven buying frenzy, with home sales falling and supply starting to rise due to rising mortgage rates, high home prices, inflation, and a faltering economy. According to a new report from Redfin, a ...
Read More »Inventory, Softening Demand Cooling Pace of Home Sales
According to the Realtor.com Monthly Housing Trends Report, new data suggests that the U.S. housing supply is preparing to rebound, as active listings posted the smallest year-over-year declines —down just -12.2% since December 2019. Inventory improvements were led by increases ...
Read More »Affordability, Down Payments Cited as Barriers to Homeownership
The lack of affordable homes is now firmly seated as the top reason holding potential buyers back from entering the housing market, according to a new study from the National Association of Realtors (NAR). This finding comes to us from ...
Read More »Survey: Three-in-Five Plan to Move in the Next Year
The housing market is currently in a tizzy—prices hit new records seemingly every day, while inventory sits near record lows. Even with the market in its current state, people still need places to live, and overwhelmingly, they found them. Knowing ...
Read More »