Opinion
Although economists expected rates to rise this year, nobody anticipated how fast they would rise. So what went wrong?
Pending home sales dropped 8.6% in June, suggesting a drop in home closings just around the corner, according to figures released Wednesday by the National Association of Realtors
Florida and California are most at risk of experiencing a housing downturn during a recession, according to Redfin. Both states saw exorbitant growth during the pandemic-fueled buying rush
'In the next half of the year, buyers are in a rare position to negotiate prices and deal terms. Some homes will still command multiple offers, but they will be fewer in number,' a new report states
The former Zillow CEO said the rising cost of mortgages has cooled demand for homes, adding that he hopes in 2023 the Fed will be able to stop raising interest rates
Mortgage rates began to take a toll on price growth as early as this spring. But prices remained more resilient than other market indicators, according to the S&P Corelogic Case-Shiller Index
Sales of new homes in June were at a seasonally adjusted rate of 590,000, 8% below the May rate of 642,000, and 17.4% lower than in June 2021, according to new data from the US Census Bureau
Homes are still selling, but the ongoing market shift is giving homebuyers more and more leverage everyday, agents and economists told Inman this week
US homes, on average, spent 19 days on the market during the 4 weeks ending July 17, a full day longer than the same period in 2021, according to data released Thursday by Redfin
Out of 1,000 homeowners and 1,000 renters participating, 56% or 6 of every 10 Americans think 'right now' is a great time to buy a home, according to OnePoll on behalf of Lower
In the month of June, just under 50% of home offers written by its agents faced competition on a seasonally-adjusted basis, the lowest rate in over 2 years, the brokerage reported Wednesday
Sales of existing homes ticked down 5.4% between May and June, falling 14.2% from a year ago, as median prices rose to $416,000, according to the National Association of Realtors
Decline in purchase applications aligns with slower homebuilding activity due to reduced buyer traffic and ongoing building material shortages, according to the Mortgage Bankers Association
Opinion
Although the Fed's move to calm the market is a step in the right direction, it may not ultimately have much effect on affordability
Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75% percent more on the typical mortgage payments than in 2019, according to Zillow
Q2 Consumer price growth exceeded 10% year over year in Phoenix, Atlanta, Miami and Tampa — each of which had among the nation’s strongest net inflow of interest in moving