Real Estate

NAR reports that existing-home sales nationwide faded for the ninth straight month to a seasonally adjusted annual rate of 4.43 million.

The MBA reports that mortgage rates exceeding the 7% mark and declining purchasing power leading are contributing to fewer new applications nationwide. 

The MBA reports an uptick in overall mortgage application volume week-over-week, led by a 4% rise in home purchase applications, despite an 88% year-over-year drop-off in refinance activity.

In a letter to HUD Secretary Marcia L. Fudge, the Chair of the Housing Financial Services Committee said the supply of the nation’s affordable housing should be a top priority.

According to a new LendingTree study, although home prices are starting to come down in many parts of the country, housing will likely remain out of reach for most buyers looking to purchase a home.

A new Redfin analysis revealed homebuyers nationwide must earn even more money than they did a year ago in order to purchase a typical U.S. home.

The MBA reports that credit standards are becoming more restrictive, as its Mortgage Credit Availability Index drops to its lowest level since March of 2013.

Nearly 60% of all Opportunity Zones performed better than the national market according to ATTOM's Q3 2022 report, while values are up an estimated 15% year-over-year in nearly half of the zones analyzed.

According to a new analysis from StorageCafe, homeowners nationwide can save nearly $200K from downsizing from a four-bedroom single-family property to a two-bedroom home.

The latest report from Redfin revealed inflation has begun to slow, which is helping moderate mortgage rates. However, experts predict that a longer trend of lower inflation is needed for sustained nationwide rate relief.