Tag Archives: Inventory

As mortgage rates begin to ascend, overall mortgage purchase and refinance application volume has begun to tail off.

A new report finds that the seasonal fall market, while still hot, is cooling and buyers who waited out the storm will benefit.

RE/MAX reported that home sales declined from September’s totals—nearly double the normal seasonal decline.

While prices cooled over the last month, those seeking an affordable house will be hard-pressed to find anything within their budget.

Homebuyer demand has been outpacing supply with mortgage rates creeping upward, with demand growing 15 times faster than supply since 2019.

Mortgage application volume held steady week-over-week according to a new report, as a slight drop in refis was countered by a rise in home purchases.

Redfin reports that the national median home price is up 16% year-over-year, with home sellers still very much in the driver's seat.

High prices, seller expectations, and multiple offers are forcing more buyers to reconsider, as RE/MAX found housing supply grew in July along with demand.

Continued elevated demand and the high cost of building materials are impacting mortgage applications for new homes for the second consecutive month.

With housing inventory drastically reduced, prospective buyers are jumping on the short supply, and listings are spending less and less time on the market.