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 »Recessionary Conditions Predicted by Fannie Mae in Q1
Fannie Mae’s Economic & Strategic Research Group now forecasts recessionary conditions taking a hold of the market during Q1 2023, even after forecasting better fourth-quarter numbers due to strong GDP and personal consumption figures.
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 »How Many Renters Are Renewing Their Leases?
A new study from RentCafe breaks down that information and examines where the nation’s most competitive rental markets can be found.
Read More »FOMC Hikes Rates for Seventh Time in 2022
This latest action by the Federal Reserve to raise rates is intended to remove money from the economy, reduce demand, and drive prices lower as inflation nears a 40-year high.
Read More »Mortgage Rates Fall for Third Consecutive Week
Riding the hopes that the Federal Reserve will slow its pace of rate hikes, Freddie Mac reported that the 30-year, fixed-rate mortgage fell yet again, as house prices soften with 2022 coming to a close.
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 »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.
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