According to said NAR Chief Economist Lawrence Yun, “Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates, which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home.”
Read More »Rate Drops Fuel Uptick in House Hunting
According to a new report from Redfin, some homebuyers are resuming their search as home prices and mortgage rates dip.
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 »Dreaming of a White Christmas? That’ll Cost You
The latest analysis from LendingTree revealed that homes in snow-heavy states cost nearly $57,000 more than those that see fewer winter flurries, but many homebuyers are willing to pay.
Read More »Potential Homebuyers Consider Renting vs. Owning
New research from LendingTree reveals the U.S. cities where a mortgage is almost as affordable as renting.
Read More »Homebuyers, Sellers Hesitant After Biggest Rate Hike in Four Decades
A new study from Redfin revealed Americans are now hesitant to sell their homes as mortgage costs soar, due to many having low interest rates locked in amid nationwide inflation and ongoing economic uncertainty.
Read More »Homebuyer Income Needed to Purchase Up 46% From 2021
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.
Read More »Home Showings Decline But Remain Above Pre-Pandemic Levels
According to the latest market report from ShowingTime, homebuyer foot traffic and in-person showings decreased from September, as rising rates and inventory challenges continue to discourage buyers from purchasing a home.
Read More »New Construction Homes Hit Record High in Q3
According to the latest Redfin analysis, a surge in construction during the pandemic boom resulted in nationwide inventory growth, as the share of single-family homes is up 25% from Q3 of 2021.
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