American homebuyers persevered through high prices and fierce competition in 2021 and 2022, but few landed their dream home as 80% reported compromising on their priorities, according to ...
Read More »New Listings Experience Biggest Annual Decline Since Pandemic Onset
Would-be sellers are becoming more reluctant to list their homes as surging prices begin to come down. With fewer new listings, buyers’ bargaining power is reaching its limit ...
Read More »Is This the Beginning of a Buyer’s Market?
Homebuyers are beginning to take back the wheel from homesellers, who have mostly prevailed over the last two years, as Redfin reports that more sellers are dropping the ...
Read More »Pending Home Sales Continue Downward Slide
Month-over-month, pending sales of homes in the U.S. remain in decline, as escalating rates have bumped up the cost of purchasing a home by more than 25% year-over-year.
Read More »Homebuying More Competitive Than Ever
According to a new report from Redfin, the share of home sellers who dropped their asking price jumped to a six-month-high of 15% for the four weeks ending ...
Read More »2022 Kicks Off With Rise in Mortgage Rates
Mortgage rates hit levels last seen in May 2020 to kick off the new year, with affordability remaining a hurdle faced by many first-time buyers due to record-high prices.
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.
Read More »Pending Home Sales Slide 2.2% in November
Low housing supply and rising prices sent pending sales downward as contract signings dropped in all regions of the nation.
Read More »Pending Home Sales Rebound in August
After two months of declines, pending home sales found their way onto the path to recovery at the end of Q3 2021.
Read More »The Week Ahead: Are Home Prices Still Scaring Away Buyers?
NAR is set to release their latest analysis of pending home sales, as buyer interest is increasingly waning due to high asking prices.
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