According to the November 2023 ICE Mortgage Monitor Report, purchase-mortgage applications declined nearly 50% below pre-pandemic levels, with annual home price growth experiencing the weakest monthly gain since January. Read on to learn how sky-high mortgage rates continue to make life difficult for would-be homebuyers.
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Amid a larger inventory drought and increasing mortgage rates, Realtor.com reported that October home prices held steady from the previous month. But is the number of homes actively for sale following suit?
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The newest S&P Dow Jones Indices (S&P DJI) S&P CoreLogic Case-Shiller Indices, which is the one of the most highly regarded measures of U.S. home prices, for June 2023 has revealed that all of the top-20 markets reported monthly price increases, the fourth such consecutive month of rising prices.
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While the nation’s housing marketplace continues to experience instability, a new report from Point2 has found stability in the price, demand, sale, and inventory levels in luxury properties through the first half of 2023.
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