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 »Homeowners Seek New Cities for Affordable Housing
The Sunbelt is attracting more homebuyers as they seek out affordable housing options, according to a report.
Read More »Economy Hindering Americans from Milestone Purchases, Financial Goals
A majority of Americans are delaying life events and activities due to rising inflation, according to a new study from Bankrate, which found that an estimated 53% of consumers have delayed a major financial milestone due to the state of the economy.
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 »Nation’s Longest Home Price Boom Ends with Price Decline
Lasting more than a decade, the longest-running home price boom has come to an end, as new Research from American Enterprise Institute showed significant price declines from record peaks in almost all of the nation's 60 largest metros.
Read More »Gen Z Reacts to Inflation by Seeking Additional Incomes
A recent Bank of America survey revealed that as inflation persists, an estimated 75% of young adults are seeking more ways to earn additional income, as challenges of achieving their financial goals remain constrained.
Read More »Housing Market Improvement Predicted in 2024
“Home sales are projected to hit a trough in Q2 2023, at a selling pace of 4.27 million annualized units, as the full effect of higher mortgage rates and the projected recession take hold,” according to a new Fannie Mae forecast.
Read More »Historic Drop in Mortgage Rates
“The historic drop in mortgage rates is a tick in the ‘good news’ box for the housing market, as lower rates deliver an immediate win for prospective buyers’ pocketbooks,” said Taylor Marr, Redfin’s Deputy Chief Economist.
Read More »Fixed-Rate Mortgages Take 47-Basis Point Dive
With news that inflation may have peaked, Freddie Mac reports that the fixed-rate mortgage fell below the 7% mark, leading to a slight rise in overall mortgage app volume for the week.
Read More »Rental Prices Growing at a Slower Pace
Are the nation’s renters preparing to buy a home? New data from Realtor.com shows that may not be the case as affordability issues remain.
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