Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing ...
Read More »Listing Prices Drop, Mortgage Payments Surge
The share of homes for sale with price drops jumped to a seven-month high of 16% during the four-week period as early-stage homebuying demand is on the decline.
Read More »Inventory, Softening Demand Cooling Pace of Home Sales
According to the Realtor.com Monthly Housing Trends Report, new data suggests that the U.S. housing supply is preparing to rebound, as active listings posted the smallest year-over-year declines —down just -12.2% since December 2019. Inventory improvements were led by increases ...
Read More »More Than Half of U.S. Homes Sold Above List Price
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate remained at a 12-year high of 5.1%. “Rising mortgage rates are taking ...
Read More »Pending Home Sales Fall for Third Month
NAR found that pending sales lagged again in January, and predicts a volatile market moving ahead in 2022.
Read More »Home Sellers Continue to Cash in on Record Demand
While homebuying demand has dipped slightly, pending sales remain 10% above this time last year, according to a new analysis from Redfin.
Read More »Measuring Pending Home Sales and Affordability
While affordability has been decreasing across the country, a recent study takes a look at how pending home sales have been impacted.
Read More »The See-Saw of Home Sales and Inventory
The scarcity of housing supply has made the U.S. housing market a tough one for buyers. Click through to find out how evolving housing trends are impacting homebuyers.
Read More »The Reality of Home Prices vs. Home Sales
Home prices in February hit a four-year high, capping a 72-month run in which median home values rose nationally, according to a report by Redfin. But just because the prices went up does not mean sales went up. In fact, ...
Read More »May Equity Home Sales Continue to Rise in California
Higher home values have continued to fuel more equity home sales, making up more than 80 percent of all home sales for the past 11 consecutive months, according to the California Association of Realtors (CAR). The group noted that pending home sales receded slightly in May, as investors pulled out of the market due to higher home prices.
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