A recent study from RE/MAX revealed that new listings dropped nearly 13% from July, and inventory declined almost 2%, after four months of consecutive, double-digit growth. Click here for the latest details.
Read More »Homebuyer Demand Slows; Properties Remaining on Market Longer
“The buyers who are still in the game are finally getting a break from bidding wars, which means they can be picky,” said Raleigh, North Carolina Redfin Agent Pam Lewis.
Read More »Homebuyers and Sellers Adapt to Changing Market Conditions
A new Zillow analysis revealed home-buying demand has cooled from the record pace of 2021, while competition is now at its hottest for the lowest-priced homes as mounting ...
Read More »Q2 Experiences Steep Home Price Hikes
ATTOM released its Q2 2022 U.S. Home Sales Report, revealing that profit margins on median-priced single-family home and condo sales across the United States hit another new record ...
Read More »Mortgage Payments Outpace Rent in Majority of U.S. Metros
As housing costs rise and demand begins to slow, inventory continues to recover from February lows, as new data reveals mortgage payments have surpassed rents in 45 of the 50 largest U.S. metros.
Read More »Mortgage Applications for New Home Purchases Slip in May
New data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) for May 2022 shows mortgage applications for new home purchases have decreased an overall 5% in ...
Read More »Sale-to-List Price Ratio Hits All-Time High
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 ...
Read More »Comparing Pre-Pandemic Levels to Current Market Conditions
First American Financial Corporation released First American’s proprietary Potential Home Sales Model (PHSM) for March 2022, showing that potential existing-home sales decreased to a 5.97 million seasonally adjusted ...
Read More »Home Sales Saw Largest Monthly Decline Since Pandemic Onset
Housing supply fell to a new low in December 2021, fueling a 3.6% month-over-month drop in home sales, severely affecting housing demands.
Read More »Homes Selling Above Listing Price, New Listings Decrease
Homebuyers who purchased homes over the holidays paid high prices due to a surge in demand and an ongoing supply shortage.
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