While the national population growth rate plummeted during the pandemic, the latest State of the Nation’s Housing report from the Joint Center for Housing Studies revealed migration and immigration were the key source of growth in 2022, as domestic migration was the largest source of growth in 56% of the counties analyzed.
Read More »Home Values Falling in Major U.S. Cities Amid Market Cooldowns
Single-family homeowners and condo owners are losing hundreds of dollars by the day, according to a new Point2 analysis. Learn which cities were hit the hardest in this latest study.
Read More »Will the ‘Seller’s Strike’ End, or Will Homeowners Give In?
As Americans hold tightly to their low mortgage rates, more than 90% of homeowners remain financially disincentivized from selling their homes, as it would cost more to borrow the same amount of money they owe on their current mortgage. A new study from First American dives into the situation.
Read More »New Listings Up, Pending Sales Reach Highest Level in a Year
Homebuyers backed out of deals at the highest rate on record in October, driving more home sellers to lower their prices and offer concessions to entice home shoppers. A new Redfin report revealed that a spike in new listings drove pending home sales to their highest level in a year.
Read More »Competition for Shrinking Inventory Fuels Faster-Selling Homes
A new Point2 study revealed homes are selling at a much faster pace than they did last year, flying off the market as increasing housing competition and dwindling inventory drive homebuyers to snatch up the limited options available.
Read More »New Home Purchase Mortgage Applications Surged in October
More home sellers are offering concessions to draw in buyers, in part fueling purchase activity, which jumped nearly 40% in October compared to a year ago. Read the full breakdown of data in the MBA’s latest Builder Application Survey.
Read More »Home Sellers’ ‘Suppliers’ Strike’ Holding Back U.S Housing Supply
As home prices hit a new peak for the seventh consecutive month in October, sellers continued their "suppliers’ strike," further constraining the market, according to First American's latest Home Price Index report.
Read More »Soaring Down Payments Restrict Homebuyers Nationwide
While limited supply remains one of numerous challenges for homebuyers, a new Realtor.com study revealed down payments hit a new peak in Q3, fueled in part by October mortgage rates hitting their highest levels in more than two decades.
Read More »How Do Younger Generations Feel About Homeownership?
Millennials and Gen Zers face many obstacles in their pursuit of the American Dream, including mortgage rates hitting a 23-year high. Click through to read what a new Chase survey reveals the challenges facing younger consumers and how they are shaping their attitudes towards homeownership.
Read More »Consumers Express Increasing Housing Market Frustrations
New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.
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