Sales in every month of 2022 fell short of the previous year, according to a new RE/MAX report, which shows home sales were down an overall 38% from 2021, while the number of homes for sale was up nearly 70%.
Read More »Housing Market Continues to See Increase in Inventory
According to the Realtor.com Monthly Housing Trends Report for December, inventory closed out the year up by 55% but remains below historic levels.
Read More »Home Sales Increase Amid Market Cooldown
According to First American’s Potential Home Sales Model for November 2022, potential existing-home sales increased to a 5.24 million seasonally adjusted annualized rate, representing a 2.5% month-over-month increase.
Read More »Examining 2023 Housing and Economic Predictions
In a new study from LendingTree, experts predict the average interest rates on 30-year fixed mortgages to be between 5.5% and 6.5% by the end of 2023.
Read More »Share of Homebuyers Migrating From Home Metros Nears Record High
According to a new report, the share of Redfin users moving away from their home metro is nearing a record high as 6%-plus mortgage rates and inflation continue to cut into homebuyers' budgets.
Read More »Study: Miami Is America’s Most Competitive Rental Market
A new report from RentCafe showed Miami was 2022’s hottest U.S. market as two-thirds of renters renewed their lease. Here are the latest findings.
Read More »Will Projected Price Declines Drive Pandemic Homebuyers Underwater?
According to a new Redfin analysis, a projected 3% of pandemic homebuyers could fall underwater with next year’s estimated 4% home price decline, with metros such as Sacramento and Phoenix at a higher risk.
Read More »People of Color Less Likely to Own Their Homes Than Whites
According to the Joint Center for Housing Studies at Harvard University, in the past two years, a growing number of for-profit and non-profit lenders have created special purpose credit programs (SPCPs) that aim to address some of the longstanding policies ...
Read More »Housing Inventory Posts Record Increase as Rates Drop
New data from Redfin’s Homebuyer Demand Index showed that on average, some 6% of homes for sale each week had a price drop, down sharply from 7.5% in November and up nearly 3% from a year earlier.
Read More »No Housing Market Relief in Sight for Aspiring Homeowners
According to Realtor.com's 2023 Housing Forecast, homebuyers will face home price increases throughout the nation’s 100 largest U.S. markets in 2023. However, those who can afford to purchase a home will find more available inventory than in 2021.
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