A new Zillow analysis revealed home-buying demand has cooled from the record pace of 2021, while competition is now at its hottest for the lowest-priced homes as mounting ...
Read More »Homebuyer Demand Slips as Mortgage Rates Approach 6%
Homebuying demand pulled back further as mortgage rates reached their highest level in over 13 years, according to a new report from Redfin. “Mortgage rates near 6% have ...
Read More »Home Sellers Nationwide Dropping Prices in Pandemic Hot Spots
Price drops have become increasingly common throughout the U.S., particularly in parts of Utah and other mid-sized metros in the West, according to a new report from Redfin. ...
Read More »Summer Busy Season? Not So Fast
In May, the HouseCanary Market Pulse reported the first signs of a potential softening in the housing market as a litany of external influences exerted pressure on the ...
Read More »Is This the Beginning of a Buyer’s Market?
Homebuyers are beginning to take back the wheel from homesellers, who have mostly prevailed over the last two years, as Redfin reports that more sellers are dropping the ...
Read More »Higher Home Costs Spurring Moderation in Buyer Demand
New data suggests the U.S. housing market may have hit a turning point in its supply struggle in May, as active inventory recorded the first year-over-year increase since ...
Read More »Homebuyer Demand Slips While New Listings Surge
Homebuyers may begin to notice signs that the market is shifting toward their favor, as more sellers came to the market during the four weeks ending May 15 ...
Read More »Homebuying More Competitive Than Ever
According to a new report from Redfin, the share of home sellers who dropped their asking price jumped to a six-month-high of 15% for the four weeks ending ...
Read More »Millennials Represent Largest Share of Adults Buying Homes
One-third of millennials say they feel pressured into buying a home at their age, while 43% are looking to buy to start building equity.
Read More »Comparing Pre-Pandemic Levels to Current Market Conditions
First American Financial Corporation released First American’s proprietary Potential Home Sales Model (PHSM) for March 2022, showing that potential existing-home sales decreased to a 5.97 million seasonally adjusted ...
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