Tag Archives: Mortgage Rates

According to Zillow, a majority of homeowners put more time into shopping for a new vehicle than they did looking for a mortgage lender. Click through to find out what that means.

“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.

A new Zillow analysis found that sellers looking to slash prices are doing so on a Thursday, with price cuts on average nearly 3% of the listing price, or $11,000 off the price of a typical U.S. home.

NAR reports that existing-home sales nationwide faded for the ninth straight month to a seasonally adjusted annual rate of 4.43 million.

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.

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.

Affordability continued to hamper first-time buyers looking to purchase a home during Q3. A new report revealed single-family existing-home sales prices grew in nearly every metro analyzed, with the national median home price climbing nearly 9% from 2021.

According to a new report by J.D. Power, mortgage lenders are struggling to stand out as demand continues to plummet and rates increase, resulting in higher customer expectations and increased competition.

"In a shifting and ultra-competitive marketplace, with twice as many real estate agents than listings, having insights from experienced agents—80% of whom are confident about making it long term as an agent—about what works best to power business growth has never been more valuable," said Donna August, VP of B2B Marketing at Realtor.com.

Many Americans who were priced out of California moved in search of more affordable housing during the pandemic buying frenzy. The latest analysis from Redfin reports Nevada and Arizona lost Democrats but gained Independents as Californians migrated to majority-Republican states.