According to a new Redfin report, the Bay Area housing market lost more value in percentage terms than anywhere else in the country as demand waned, while Florida continued to see large gains.

A new analysis from RentCafe revealed the average size of new apartments in 2022 was 887-square-feet, a 54-square-foot drop from a decade ago, due to more studios and one-bedroom apartments entering the market.

According to the MBA’s Builder Application Survey, new home purchases applications decreased in January, although applications remain 42% higher compared to 2022’s totals.

According to a new report from Auction.com, experts predict a possible 24% increase in foreclosure auction volume in 2023, while demand for distressed properties continued to shift lower in the last three quarters of 2022.

According to a new CoreLogic report, California remains the state most at risk for property damage from wildfires, with CoreLogic’s 2022 Wildfire Risk Report estimating that more than 1.2 million single-family homes are vulnerable.

As mortgage rates climb toward 7%, the decline in new listings of homes for sale has slowed since December. A new Redfin report examines why many homebuyers continue to pull back from their home search.

A new study from LendingTree analyzed the most popular metros for millennial homebuyers, as data revealed roughly 53% of mortgage offers went to millennials in 2022.

“Applications for new home purchases increased in January, driven by typical seasonal patterns and lower mortgage rates,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “The 30-year fixed rate declined almost 40 basis points over the month, and this stirred some homebuyers to act."

“Homebuilder sentiment increased for the second consecutive month in February," said First American Deputy Chief Economist Odeta Kushi. "Conditions are still considered ‘poor’ overall, but the improvement signals that builders are feeling cautiously optimistic about the months to come.”

A new ATTOM report found that median single-family home and condo prices decreased from Q3 2022 to Q4 2022 in 56% of Opportunity Zones nationwide, decreasing at least 5% in almost half.