Tag Archives: Rising Rates

According to Redfin, the typical starter home sold for an eye-watering record of $243,000 in June 2023, up 2.1% year-over-year and up 45% from before the pandemic.

Despite economic conditions, a new report from TD Bank has revealed more than one-third of homebuyers planning to purchase a home reported that now is a good time to buy, as 54% of respondents said their level of financial preparedness has improved over the last two years.

Redfin reports investor home purchases dropped 30% in Q3 2022, the largest decline reported since the Great Recession aside from Q2 2020, at the outset of the pandemic.

Active listings surged 33.5% year-over-year to the highest level since 2020, while the median list price grew by 13.3% in October. New data from Realtor.com's October 2022 Monthly Housing Market Trends Report reveals how these numbers are shifting.

Home sales in September saw a significant dip compared to August, decreasing about 30% lower than the same time last year. While inventory is up just 3%, numbers remain nearly 40% below 2019 levels.

With many households unable to afford necessary expenses as a result of rising rates and inflated home prices, a recent study from LendingTree revealed that many American homeowners report being worried about or likely to leave their home due to foreclosure in the next two months.

It’s no secret that the combination of rising home prices along with a trend of increasing interest rates have made buying the typical single-family home much more expensive, if not completely unaffordable for many.  According to Joint Center for Housing Studies ...

Based on a Policygenius study of 8,698 active home insurance policies quoted for renewal between May 2021 and May 2022, home insurance prices are rising at a faster rate than inflation, as costs are up nationwide since last year.  According ...

Natural disasters occurred in every state over the course of 2020 in the tunes of thousands of these events sprinkled across the states. While one would expect California or Florida to lead in the amount of natural disasters that occur every year, though in reality the states with the highest ...