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Tag Archives: median asking price

Buyer Purchasing Power Up as Share of For-Sale Homes Improves

"We are seeing increases in inventory and, importantly, gains in newly listed homes for sale indicating sellers are more ready to make moves," said Danielle Hale, Chief Economist of Realtor.com. "Time on market fell, signaling that buyers are ready to make offers on these new options."

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Frozen Out: House-Hunters Stay Home in Face of Harsh Weather

According to Redfin's latest Housing Market Update, inclement weather that froze parts of the U.S. slowed overall homebuying activity recently. Conversely, agents in warmer regions report that buyers and sellers remain active, despite mortgage rates remaining in the high-6% range.

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2023 U.S. Foreclosure Activity Snapshot

A new report notes that 2023 foreclosure filings were up from 2022 but still below pre-pandemic levels. "Reflecting on 2023, we see the recent rise in foreclosure activity as a market correction rather than a cause for alarm. It signals a return to more traditional patterns after years of volatility," said Rob Barber, CEO at ATTOM.

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