Tag Archives: Interest rates

A new Point2 study revealed homes are selling at a much faster pace than they did last year, flying off the market as increasing housing competition and dwindling inventory drive homebuyers to snatch up the limited options available.

As home prices hit a new peak for the seventh consecutive month in October, sellers continued their "suppliers’ strike," further constraining the market, according to First American's latest Home Price Index report.

While limited supply remains one of numerous challenges for homebuyers, a new Realtor.com study revealed down payments hit a new peak in Q3, fueled in part by October mortgage rates hitting their highest levels in more than two decades.

Due to an environment of rising mortgage rates and an influx of all-cash buyers, more and more are having to increase their down payments to offset the cost of rising homes. Click through to find out why there is a prevalence of all-cash buyers in the current market.

New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.

With mortgage rates hitting a 23-year high and worsening affordability continuing to hamper potential homebuyers and renters nationwide, multigenerational households are becoming much more common, according to a new RentCafe report. Here’s what else the report reveals.

A new HouseCanary report finds that housing inventory has probably peaked for the year, and the peak was the lowest recorded since the pandemic began. Is there any relief on the horizon?

While buyers contend with mortgage rates edging toward the 8% mark, Redfin reports that an increasing number of the nation’s home sellers are reducing their asking prices. Read the full data here.

A drop of just three basis points in the 30-year fixed rate mortgage provided little relief to prospective buyers, as ambiguity around monetary policy will likely continue to stall improvements in the housing market through the end of the year.

Home building in exurbs is expected to accelerate in the coming year, according to a new study from The Plan Connection. Will it be enough to keep up with demand?