According to a new report from Redfin, the share of home sellers who dropped their asking price jumped to a six-month-high of 15% for the four weeks ending ...
Read More »2022 Kicks Off With Rise in Mortgage Rates
Mortgage rates hit levels last seen in May 2020 to kick off the new year, with affordability remaining a hurdle faced by many first-time buyers due to record-high prices.
Read More »Homes Selling Above Listing Price, New Listings Decrease
Homebuyers who purchased homes over the holidays paid high prices due to a surge in demand and an ongoing supply shortage.
Read More »Pending Home Sales Slide 2.2% in November
Low housing supply and rising prices sent pending sales downward as contract signings dropped in all regions of the nation.
Read More »Pending Home Sales Rebound in August
After two months of declines, pending home sales found their way onto the path to recovery at the end of Q3 2021.
Read More »The Week Ahead: Are Home Prices Still Scaring Away Buyers?
NAR is set to release their latest analysis of pending home sales, as buyer interest is increasingly waning due to high asking prices.
Read More »Pending Home Sales Post 7% YoY Increase in June
Both competition and the speed with which homes have been selling have passed their previous record-high peaks. However, most homes are still selling within two weeks and for more than list price.
Read More »High Prices Are Causing Homebuyers to Retreat
A new study found that pending home sales fell in June, with record low rates not enough to lure potential homebuyers to a market currently experiencing a spike in prices.
Read More »Obstacles Not Deterring Homebuyers
Bidding wars and record high price tags did not slow pending home sales over the past month, as record-low mortgage rates are still luring buyers into the market.
Read More »The Week Ahead: Just How Much Has the Market Cooled?
Continued low inventory and increasing affordability issues remain obstacles in a market experiencing continued low rates, as NAR issues key data gauging the course of the market to wrap up Q2.
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