Despite a rise in overall mortgage apps week-over-week, the MBA reports that mortgage rates are a percentage point higher than a year ago, and when combined with low for-sale inventory, is constraining home buying activity in many markets.
Read More »Home Prices Experience Modest Increase in February
According to a new report from Redfin, home prices declined in February as home sellers responded to a decline in homebuyer demand spurred by elevated mortgage rates.
Read More »New Listings Experience Biggest Annual Decline Since Pandemic Onset
Would-be sellers are becoming more reluctant to list their homes as surging prices begin to come down. With fewer new listings, buyers’ bargaining power is reaching its limit ...
Read More »Summer Busy Season? Not So Fast
In May, the HouseCanary Market Pulse reported the first signs of a potential softening in the housing market as a litany of external influences exerted pressure on the ...
Read More »Northeast Hit By Declining Housing Inventory
New York City and surrounding metros—those impacted the most by COVID-19—are those impacted the hardest.
Read More »Study Says: Inventory Decline Resulted in Fewer Offers
Fewer listings and therefore fewer offers marked the end of 2017 for the housing market according to data on housing demand from online real estate brokers, Redfin that ...
Read More »New Home Listings Offer a Glimmer of Hope for Dwindling Inventory
New home listings rose at the fastest rate in three years, offering the mortgage industry a small token of relief from shrinking inventory.
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