According to a new market report from Zillow, high interest rates caused new listings to hit a record low in February, frustrating willing homebuyers nationwide.
Read More »Home Sales Show Strong Increase Over January
While overall home sales remain down 24.4% year-over-year, February home sales increased nearly 17% from January, according to the RE/MAX National Housing Report.
Read More »Home Prices Experience Modest Increase in February
According to a new report from Redfin, home prices declined in February as home sellers responded to a decline in homebuyer demand spurred by elevated mortgage rates.
Read More »The Best Counties For Buying Single-Family Rentals
Rental returns experienced a significant increase from 2022 in roughly 90% of counties analyzed in ATTOM's latest Q1 2023 Single-Family Rental Market report, reversing years of decline and narrowing down the best counties for single-family rentals in 2023.
Read More »New Home Purchase Mortgage Applications Experience Modest Increase
According to the latest Mortgage Bankers Association Builder Application Survey data for February 2023, mortgage applications for new home purchases increased just 1.2% compared to the same time a year ago.
Read More »Single Female Homeownership Increases Driving Overall Homeownership Rate Growth
Since 2019, the number of single, female-headed households has increased by 1.4 million, one million of whom are homeowners, according to a new report from First American.
Read More »The Best Time to Sell in 2023
According to a new study from Realtor.com, homeowners who list the week of April 16-22 will experience the best combination of market conditions and could receive $48,000 more for their home than at the start of the year.
Read More »U.S. Mortgage Credit Availability Slips in February
“Mortgage credit availability decreased to its lowest level since January 2013 with all loan types seeing declines in availability over the month,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Renters Nationwide Are Reconsidering Their Housing Options
Apartments are becoming increasingly difficult to find in small, low-profile markets across the U.S, as a new report from RentCafe revealed inflation, rate hikes, elevated home prices, and increased costs of living are pushing many renters to re-think their housing options.
Read More »U.S. Loses 58 ‘Million-Dollar’ Cities Since Market’s Peak in July
According to a new report from Zillow, the rebalancing of the housing market has been felt the most in areas where affordability is stretched, as the share of U.S. cities where the typical home value is $1 million or more declined from 522 to 464 since last July.
Read More »