Tag Archives: Realtor.com

The MBA reports that approximately 255,000 homeowners remained in forbearance plans through April, as mortgage servicers have provided forbearance options to nearly 7.8 million Americans since April 2020.

"A lack of new sellers and homes for sale continues to limit buyers' choices and home sales. Many home sellers are likely future buyers too, which may be why a majority of would-be sellers report feeling 'locked in' to their current home because of a low mortgage rate, especially younger homeowners," said Danielle Hale, Chief Economist for Realtor.com.

As expected, the Federal Reserve raised rates again at the end of their May meeting by a quarter point—this is now the tenth-straight increase.

The National Association of Realtors reported that pending home sales fell 5.2%. Click through for more.

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.

“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun.

“2023 began as 2022 had ended, with U.S. home prices falling for the seventh consecutive month,” says Craig J. Lazzara, Managing Director at S&P DJI.

“Home prices fell in February, the first year-over-year decline in the national median home price in more than two decades,” said Bright MLS Chief Economist Dr. Lisa Sturtevant.

The rate of overall housing starts slowed in 2022 while completions climbed, according to a new Realtor.com report. New home affordability continues to drop rapidly with just 10% of new homes sold for less than $300,000 in Q4 2022.

However, while monthly numbers show a short-term improvement, the National Association of Realtors found the market to be down nearly 25% year-over-year.