Market Studies

As the share of first-time buyers rebounds to pre-pandemic levels, Zillow analysts have determined the metros with the most favorable purchasing conditions.

Redfin has found that U.S. regions where home prices spiked due to influx from out-of-town migration are now seeing prices rapidly sliding.

For the first time in nine months, the MBA reports that mortgage credit availability increased in November, driven by a spike in the interest of ARM loans amid a declining rate environment.

According to Realtor.com, there are still relative housing bargains to be had if you look in the right place. This new report highlights some of the areas slated to see the strongest growth in the coming year.

Despite a minuscule rise in home-purchase sentiment for the month of November, Fannie Mae’s survey finds near-record pessimism and predicts slow sales heading into 2023.

Mortgage rates will be key in 2023 according to Redfin, which predicts that relatively high rates will likely result in the slowest housing-market year since 2011.

“Following the recent mortgage rate surge above 7%, real estate activity and consumer sentiment regarding the housing market took a nosedive,” said Selma Hepp, Interim Lead of the Office of the Chief Economist at CoreLogic.

Are rising mortgage rates still holding back prospective buyers? Click through to find out more on the latest in the buyer’s market.

A majority of Americans fear rising mortgage rates and a lack of affordable housing could spark a market crash that could equal the 2008 downturn.

“There have been a handful of pieces of relatively good news for the housing market lately, but we’re far from out of the woods,” said Taylor Marr, Redfin’s Deputy Chief Economist.