Potential home sales decreased on a monthly and yearly basis, due in part to low inventory. Click through to find out how that affects future sales.
Read More »Housing Demand, Home Prices Remain More Resilient Than Anticipated
According to Fannie Mae's Economic and Strategic Research Group expectations for Q1, the increase in the sales pace from the end of 2022 to the beginning of 2023 revealed that homebuying demand remains buoyant and was unexpectedly responsive to small declines in mortgage rates.
Read More »Home Sales Attempt to Recover After 2.4% Slide in March
While overall sales declined 22% from a year ago, existing-home sales dipped lower in March after month-over-month sales declined in three out of four major U.S. regions, according to a new report from the National Association of Realtors.
Read More »Middle-Income Homeowners Gain Wealth From Home Appreciation
According to a new report from the National Association of Realtors, middle-income homeowners gained more than $120,000 in wealth over the past decade, as homeowners who benefited from home price appreciation were able to drop their debt by 21%.
Read More »Homeownership Gender Gaps Persist
Although women make up a higher share of college graduates, single female household heads still have substantially lower incomes and are more likely to raise children than single male household heads.
Read More »Increased Buying Challenges for People of Color
According to a new report from the National Association of Realtors, people of color nationwide are facing homebuying challenges, while the Asian American rate of homebuying difficulty reaches all-time high.
Read More »CA and NY Exit Rate on the Rise
While Texas remains a popular migration destination for Californians, California had the most people interested in moving to Washington, D.C., a change of pace from usually warmer climates.
Read More »Pending Home Sales Decreased for Sixth Consecutive Month in November
According to said NAR Chief Economist Lawrence Yun, “Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates, which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home.”
Read More »Navigating Stormy Seas
A panel of experts assembled by MReport provides their expert insights and perspectives into what 2023 may bring to the housing market, and whether a market correction is on the horizon.
Read More »Rising Rates, Home Prices Reduce Housing Affordability in Q3
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.
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