With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.
Read More »Pending Home Sales Drop to Historic Low
Mortgage purchase applications are decreasing, while median asking prices of newly listed homes increased to 12.9%. Here's the data from a new housing market update.
Read More »Housing Demands to Slow in Winter Months
Redfin reported median sale prices rose to a record high even as the number of homes for sale fell to an all-time low. Homebuyer demands is projected to slow in the coming winter months, as it may return to a ...
Read More »Home Price Gains Force Increased Affordability Concerns
Buyers may be returning to the market, but millennials and other first-time buyers continue to grapple with still-record-high prices.
Read More »Housing Report Suggests ‘Somewhat Calmer Market’
Also, supply remains short, competition continues, and steep prices have translated into a wealth gain of $45,000 for a typical homeowner.
Read More »Seasonal Decline in Sales Cools Housing Market
Median home-sale prices have increased to a record high 19% year-over-year in June, forcing more to hold back their purchases or opt for cheaper housing alternatives.
Read More »Pending Home Sales Fall 1.9% in June
Affordability remains a factor in the decision-making of home shoppers nationwide who would rather sit on the sidelines before committing to an overpriced market short on inventory.
Read More »Pending Home Sales Rise 8% in May
A new survey has found that while supply remains an issue, the housing market is attracting buyers due to mortgage rates, which continue in the 3% range.
Read More »Homebuying Demand Slips Below 2020 Levels
For the first time in 2021, the demand for homes has fallen below last year’s levels, with high prices turning many would-be buyers away from a still-completive marketplace.
Read More »Pending Home Sales Losing Momentum
Despite still being up 29% year-over-year from 2020, pending home sales are tailing off as a new report examines this downturn.
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