Tag Archives: Potential Homebuyers

"Rents have registered steady declines for the past four months and, while they remain well above pre-pandemic levels, when you factor in the impact of record-high mortgage rates and high home prices, it's understandable that many would-be homebuyers are choosing to remain on the sidelines," said Danielle Hale, Chief Economist at Realtor.com.

According to a new report from the National Association of Realtors, home sales declined an overall 22% from a year ago, while the inventory of unsold existing homes rose 1% from February.

“The steep annual decline in market potential was largely a result of higher mortgage rates, which prevent both buyers and sellers from jumping into the market,” said Mark Fleming, Chief Economist for First American Financial Corporation.

CoreLogic anticipates that annual price changes will move into negative territory by the spring of 2023 before rebounding to near 2% to 3% growth in the fall.

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.

The market, which hit new highs over the last year, tanked affordability in many areas. However, those sidelined by prices still view homeownership as a top priority.

Housing market potential sagged to its lowest point since May 2020 in September, falling from August to an estimated 5.38 million at a seasonally adjusted annualized rate.

CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest year-over-year appreciation recorded since April 2021, partially reflecting cooling buyer demand due ...

First American Financial Corporation has released the latest Potential Home Sales Model for the month of July 2022, which uses proprietary data to measure what the healthy market level of home sales should be based on economic, demographic, and housing ...

The lack of affordable homes is now firmly seated as the top reason holding potential buyers back from entering the housing market, according to a new study from the National Association of Realtors (NAR).  This finding comes to us from ...