According to Realtor.com's Monthly Housing Market Trends Report, home sellers were less active in March, with 20.1% fewer homes being listed for sale compared to last year.
Read More »Nominal Home Price Appreciation Slows in Response to Dampened Demand
"Nationally, annual nominal house price growth peaked in March 2022 at 21 percent, but has since decelerated by nearly 17 percentage points to 4.4% in January,” said First American Chief Economist Mark Fleming.
Read More »Home Sellers Less Active as Inventory Growth Slows Nationwide
According to Realtor.com's Monthly Housing Market Trends Report, home sellers were less active in March, with 20.1% fewer homes being listed for sale compared to last year.
Read More »Share of Homebuyers Looking to Change Metros Hits Record High
A new report from Redfin revealed 4% fewer homebuyers looked to move within their own metro area than a year earlier, as homebuyers looking to relocate to a new metro fell 3.6% year-over-year in February.
Read More »Baby Boomers Outpace Millennials as Largest Generation of Homebuyers
According to a new study from the National Association of Realtors, the share of baby boomers has surpassed millennials across the U.S., now making up the largest generation of homebuyers nationwide.
Read More »High Mortgage Rates Putting a Damper on Million-Dollar Homes
The share of U.S. homes worth at least $1 million slipped to 7% from 8.6% in June, according to a new report from Redfin, as inflated mortgage rates continue to cool the housing market.
Read More »Housing Markets in ‘Zoom Towns’ Cooling at Rapid Rates
A new report from Redfin revealed Seattle, San Jose, Austin, and Phoenix are among the metros with the fastest-slowing housing markets as high mortgage rates, tech turmoil, and the lack of homes for sale deter homebuyers.
Read More »Helping Close the Homeownership Gap for Black and Hispanic Households
According to a new report form the Joint Center of Housing Studies, households of color are disproportionately excluded from the many potential financial and social benefits of homeownership, representing the persistently wide homeownership rate gaps between Black, Hispanic, and white households.
Read More »Spring Homebuying Season Kicks Off With Steady Demand
According to a new Redfin report, homebuying demand persists as mortgage rates declined for the second consecutive week after the Fed announced it will only modestly hike interest rates.
Read More »Single Women’s Homeownership Rate Falls
The single women’s homeownership rate declined in 2022 for the first time since 2016, with a slide of 4.1 percentage points from its peak of nearly 27% in 2021.
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