According to a new Redfin study, while nearly one in five homeowners surveyed plan to sell their home in the next year, new jobs and return-to-work mandates are forcing some to sell their home quickly, and at a loss.
Read More »New Builds Offer Renters More Options Amid Competitive Market
Midwest markets were a hot spot for renters seeking more affordability during peak rental season, dominating the top half of the nation's 20 most competitive rental markets. Renters now have more options to choose from, as the national supply of apartments experienced a slight increase compared to the same time last year, according to a new RentCafe study.
Read More »Housing Demand Outweighs Supply as Home Prices Continue to Rise
While mortgage-purchase applications fell to a 28-year low in August, the median U.S. home-sale price is up nearly 5% year-over-year. Due to a severe lack of inventory, high housing costs continue to dampen homebuying demand, according to a new report from Redfin.
Read More »San Francisco Homes Being Sold for Nearly $100k Below Purchase Price
Home price declines are causing Americans to lose money when selling their homes, according to a new report from Redfin, which showed that the typical homeowner in San Francisco who took a loss while selling sold their home for roughly $100,000 less than they bought it for.
Read More »Housing Market Activity Slowed by Fed Rate Hikes
HouseCanary's August Market Pulse report revealed depressed market activity has resulted in net new listing volume trailing behind overall contract volume, as total inventory remains down nearly 13% compared to the same time in 2022.
Read More »Pending Home Sales Get Monthly Bump, But Still Down YoY
A new report from the National Association of Realtors revealed contract signings rose in July, as pending home sales also increased for the second month in a row, according to NAR's latest Pending Home Sales Index.
Read More »YoY Rent Single-Family Rent Growth Highest in This Windy City
Annual single-family rent growth eased for the 14th consecutive month in June, according to a new report from CoreLogic, remaining near the pre-pandemic growth rate, while growth for attached homes is projected to continue to exceed their detached counterparts.
Read More »Examining 2023’s Hottest U.S. ZIP Codes for Housing
The Hottest ZIP Codes of 2023 report from Realtor.com showed that homebuyers are seeking areas with larger homes and closer proximities to work, with many Americans flocking to areas that are more affordable relative to the rest of the country and less expensive than their nearby metro areas.
Read More »‘Soft Landing’ or Mild Recession? Fannie Experts Update Forecast
As the future of the economy remains uncertain, the Fannie Mae Economic and Strategic Research Group forecasts home sales to remain constrained within a tight range regardless.
Read More »Inflated Mortgage Rates Fuel Decline in Existing-Home Sales Activity
While Americans continue to struggle with housing affordability, a new report from the National Association of Realtors showed existing-home sales fell 2.2% in July, with available inventory and 7% mortgage rates continuing to drive overall sales activity.
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