According to Zillow's latest market report, inventory levels are up 3% from 2021, leaving more options for buyers and more competitive pressure on sellers. However, new for-sale listings saw an 11.4% drop from August, marking the third straight month of double-digit declines.
Read More »First-Time Homebuyers Return to Market in Droves
"First-time buyers now appear to be making relative gains as high mortgage interest rates disproportionately encourage current homeowners to stay put," said Manny Garcia, Zillow Population Scientist.
Read More »Home Prices More Concerning Than a Potential Recession?
Despite ongoing discussion of impending recession, a new survey found that Americans’ concerns are more focused on housing costs, with home prices up 14% year-over-year.
Read More »Experts: Buyers Will Return to Power in 2023
A new Zillow survey of 107 housing market experts and economists found one common thread where all respondents agreed: sellers will relinquish the recent control they have had ...
Read More »Mortgage Rates Inch Closer to 7% Mark
The last time mortgage rates hovered near the 7% range was two decades ago, as continued Fed actions to ease inflation have forced the fixed-rate mortgage to 20-year highs.
Read More »With Homeownership Out of Reach for Many, Millennials Explore Co-Buying
With buyers are seeking smaller mortgages, and "house hacking" quickly becoming the new norm, Pairadime conducted a survey of 1000 millennials in the US around their outlook on ...
Read More »Op-Ed: How Mortgage Lenders Can Assist Buyers Through a Challenging Marketplace
Despite the negativity surrounding the housing space, mortgage lenders can lead the way. Abby Waltz of Homes for Heroes explains how to show clients ways to uncover opportunities in today’s marketplace.
Read More »House-Hunting Process Wearing on Renters
According to a new Zillow report, finding and landing a rental is stressing Americans out nationwide. The typical monthly rent in the U.S. has soared to a record ...
Read More »Purchase App Demand Continues to Shrink
Mortgage application volume fell yet again, remaining at multi-decade lows, as the MBA reported an 8% decline in overall refis apps, which now comprise just 30% of all applications nationwide.
Read More »‘Shrinkflation’s’ Impact on High-End Homes
The newest data from Zillow has revealed that the phenomenon known as “shrinkflation,” which most commonly occurs in consumer products, is occurring in the housing market as well ...
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