...declining mortgage rates and more inventory would cause the market to take off right at the start of the new year. But even though demand has picked up some, I’m...

...the number of homes listed for sale increased by 7.9%, according to the latest Realtor.com Housing Report. The increase in inventory caused the median listing prices to rise 1.4% from...

...September 2023 relative to the previous year. Housing demand and inventory fell off significantly in this time frame as mortgage rates climbed. Home prices remained high due to scarce inventory...

...more hesitant when they were approaching the 8% mark. “Bidding wars are picking up as mortgage rates decline and inventory stays low. I’ve seen a few homes get 15-plus offers...

...average median purchase application amount increased to $306,450, MBA expects that affordability conditions will continue to improve as mortgage rates fall further and as housing inventory continues to increase," said...

...a few reasons. One, inventory is still quite low. The total number of homes for sale is down 4% year-over-year. New listings are also up 2%, representing the smallest annual...

...month of 2023. Inventory slipped just 0.7% from December 2022 while dropping 10.4% from November. Inventory declined year over year in each of the last seven months of 2023. Two...

...changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale.” The dip in rates was still not enough...

...80% of prospective homebuyers are considering adjusting their homebuying plans. "Affordability remains a key concern for homebuyers as home prices, interest rates, and inventory continue to fluctuate," said Nick Bailey,...

...continue to rise? The slowdown in home price growth nationally suggests that rising price-to-income ratios will at least slow, if not decline modestly. However, widespread inventory shortages and persistent demand...