For buyers, the early 2022 rush to lock in low mortgage rates before they rose even higher has since been replaced by the reality that sub-3% rates are a thing of the past,” said George Ratiu, Senior Economist & Manager of Economic Research for Realtor.com.
Read More »YoY Mortgage Contract Activity Slips in Major Regions
While the housing market remains unbalanced nationwide, with demand far outpacing supply, contract signings are down significantly from a year ago due to inflated mortgage rates.
Read More »Midsize, Small Markets Led Surging YoY Q1 Home Price Gains
According to the National Association of Realtors' latest quarterly report, Q1 of 2022 found more markets reaching double-digit annual price gains than the previous quarter. Meanwhile, approximately 70% of ...
Read More »Millennials Make Up Nearly 50% of Homebuyers Nationwide
The share of millennial home buyers increased significantly over the past year, according to the latest study from the National Association of Realtors 2022 Home Buyer and Seller ...
Read More »Existing Home Sales Drop in February
Continuing a pattern of recent rises and declines over the last few months, existing home sales dropped in February 2022 according to the Existing Home Sales Report from ...
Read More »Analyzing Racial Disparities in Hispanic American Households
Latinos are predicted to account for 70% of new homeowners over the next 20 years, as they target generational wealth and long-term homeownership.
Read More »Affordability Issues Remain an Obstacle for Homebuyers
According to a new survey from TD Bank, America's Most Convenient Bank, first-time homebuyers are feeling anxious and unprepared in this highly competitive housing market. TD's First-Time Homebuyer ...
Read More »Major Metros Experience Price Hikes
NAR's Chief Economist Lawrence Yun says consumers in expensive markets may see an additional $500 to $1,000 in monthly payments due to rising rates.
Read More »Existing Home Sales Break Streak and Drop in December
Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month ...
Read More »Housing Experts Weigh in on What to Expect in ’22
Populous cities Spartanburg, Huntsville, and Tuscon among those expected to experience stronger price appreciation in 2022. Click through for other takeaways from a recent industry Forecast Summit.
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