The typical asking price slowed to a single-digit pace for the first time since December 2021, according to the Realtor.com Monthly Housing Trends Report, marking a significant slowdown from the peak 18% year-over-year pace seen in 2022.
Read More »Mortgage Rates May Experience Decline in Late 2023
According to Chief Economist Mark Fleming, if inflation decelerates toward the Fed’s target range in the second half of 2023, as is currently expected, it’s possible that mortgage rates may decline modestly in the latter half of the year.
Read More »Experts Predict Home Prices to Fall YoY Nationwide in 2023
According to a new LendingTree study, a combination of relatively high rates and weak homebuyer demand will likely cause a gradual decline in prices nationwide in 2023. Click to see what else experts predict this year.
Read More »Sellers Grant Record Share of Concessions to Homebuyers in Q4
A new report from Redfin revealed homebuyers received concessions such as money for repairs and mortgage-rate buydowns in a record 42% of home sales in the fourth quarter, up 11% from a year earlier and marking the highest share of any three-month period recorded.
Read More »New Listings Remain Low Amid Rising Rates, Home Prices
The supply of homes for sale posted a record year-over-year increase in December, according to new data from Redfin's Homebuyer Demand Index, which showed an increasing rise in demand despite many homes lingering on the market due to rising mortgage rates.
Read More »CFPB Survey Reveals Household Financial Health Is Declining
With housing affordability remaining an issue nationwide, the CFPB's Making Ends Meet report—an annual survey of consumer financial health—shows many downtrends in consumers’ ability to repay their debts.
Read More »Nearly a Quarter of Homebuyers Looking to Migrate Between Metros
Though high mortgage rates and economic inflation are discouraging many Americans from moving, among the people who are still buying homes, one in four are searching outside of their hometown in relatively affordable areas and hotspots like Las Vegas and Florida.
Read More »Experts: Homebuying Costs Won’t Come Down in 2023
According to Realtor.com's 2023 Housing Forecast, homebuyers won't find increased affordability in the coming year, as home prices aren't projected to decline nationwide amid the volatile market and rising mortgage rates.
Read More »HUD, Census Bureau Release 2021 Rental Housing Finance Survey
As housing availability scales up and down, new data from 2021 Rental Housing Finance Survey found that nearly 50% of rental units are in properties with four or fewer units. Meanwhile, an estimated 86% of all rental properties contain only one rental unit.
Read More »Black, Native American Borrowers Still Facing Uneven Mortgage Playing Field
A new FairPlay analysis of U.S. mortgage approvals reveals deep inequities in mortgage fairness over time, as data found that mortgage fairness for both applicants in a community declines as the population of Black and Native American residents increases.
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