While many homebuyers remained on the sidelines, home sales and competition leveled off in February, as the median U.S. home sale price fell 1.2% in February, marking the first year-over-year decline since 2012.
Read More »Home Prices Breach Negative Territory
The average, median-priced home declined a bit more than 0.5%—the first annual drop recorded since 2012.
Read More »Housing Inventory Making Quick Recovery
Buyers in some locations have been met with better-than-expected inventory numbers as inventory has recovered nearly 70% year-over-year.
Read More »Home Price Growth Stalls After Rate Increases
According to a new report from HouseCanary, signs of a market rebound earlier this year retreated in February.
Read More »Debt, Inflation Keeping Millennials Out of Purchase Market
With 80% of millennial homebuyers in debt, a new study from Real Estate Witch revealed more than 90% cited inflation as impacting their homebuying plans, as many remain unable to afford downpayments and mortgage payments.
Read More »Affordability Decreases for First-Time Buyers
While many in the housing market are predicting a shift in power to buyers' favor, that switch may not be coming anytime soon to according to a recent NerdWallet report due to tempered demand due to higher mortgage rates. In ...
Read More »Report: Housing Market Cooldown to Last Through Fall
HouseCanary, Inc. has released its latest monthly Market Pulse report, covering 22 listing-derived metrics and comparing data between August 2021 and August 2022, which found that the housing market cooldown that appeared earlier this year continued into the traditional end of ...
Read More »New Listings Prop Up June Inventory
The nation’s inventory levels were boosted by new listings in June, contributing to a third consecutive month of supply growth.
Read More »Cost of Homes Adjusting to a New Market Equilibrium
Prospective buyers thwarted by record-high prices and inflationary issues may find relief in the coming weeks as Realtor.com notes softening demand and rising supply may give way to more buying opportunities.
Read More »Is a Market Cooldown Imminent?
In May, the HouseCanary Market Pulse reported the first signs of a potential softening in the housing market as a litany of external influences exerted pressure on the housing market. A challenging environment for weary homebuyers exists today as increasing ...
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