Low housing supply and rising prices sent pending sales downward as contract signings dropped in all regions of the nation.
Read More »Rising Cost of Materials Squeezing Some Out of the Market
Even with rates heading back down to the 3% mark, many single‐family home buyers are being outpriced with lumber costs again on the upswing.
Read More »Pending Home Sales Fall in September
NAR reports that in all regions, contract signings decreased from the prior month, and from one year ago, as some potential buyers momentarily pause their home search heading into Q4.
Read More »Bidding Wars Dropped to 2021 Low in September
A new study found that 59% of home offers faced competition in September, the lowest level in nine months, amid a seasonal housing-market slowdown and an uptick in mortgage rates.
Read More »Mortgage Rates on the Rise
Fueled by the trajectory of both the economy and the pandemic, mortgage rates advanced upward this week; however, the housing market is expected to remain strong as 2021 comes to an end.
Read More »Decline in Listings Stunts Monthly Home Sales Numbers
New listings of homes for sale fell 9% from a year earlier, and closed home sales were down 5%.
Read More »Foreign Investor Treasury Purchases Hold Mortgage Rates Steady
Mortgage rates rose slightly this week to 2.88%, still below 3%, with prospective homebuyers snatching up all available inventory.
Read More »Residential Construction Continues Shift to Suburbs
A new study has found that lower land and labor costs, combined with a reduction in regulatory red tape in the suburbs has made it more appealing to build in these communities nationwide.
Read More »Builder Confidence Sinks to 13-Month Low
Increased costs and a bottlenecked supply chain have resulted in a dip in home building, even putting a hold on some new home sales.
Read More »Senators Tackle Home Building Supply Chain Issue
U.S. Senators Jerry Moran and Jeanne Shaheen hosted a roundtable to break down the struggle that homebuilders are facing to keep up with continued demand.
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