Knock on wood: Cost of lumber drops back to pre-pandemic levels
Lumber futures have fallen back to where they were before the pandemic ignited a boom in housing and stretched supply chains to the limit, according to data compiled by Nasdaq
by Daniel Houston Sep 30
Buyers' market now expected by end of 2023, economists predict
From a panel of 107 experts surveyed by Zillow, a majority agreed that rising mortgage rates are driving down competition among buyers, which will eventually result in a buyers' market
by Ben Verde Sep 29
Mortgage rates haven't been this chaotic since Black Monday: Study
A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since, according to a new analysis by Redfin
by Daniel Houston Sep 29
Home affordability stabilizes, but remains tough nearly everywhere
It's still expensive to buy a home in nearly every part of the country. But for most buyers since the start of July, things didn't get worse, new data shows
by Daniel Houston Sep 28
US housing markets considered 'overvalued' quadrupled in 2022
Median home sale prices exceed the house-buying power of would-be buyers in 19 of 50 markets, according to data released Tuesday by First American Financial Corp.
by Matt Carter Sep 28
Mortgage demand stalls as rates climb toward 7% on Fed moves
Rates for borrowers with credit scores below 680 making down payments of less than 20 percent climbed past 7% on Monday, according to Optimal Blue
by Matt Carter Sep 28
Deals will hinge on negotiations this fall. Here's how buyers' agents win
'There was no negotiation over the last couple of years,' Max Stokes of Compass says. But that's beginning to change — gradually. With a few tips, buyers can prevail at the negotiating table
by Lillian Dickerson Sep 28
Homebuyers/sellers wanting to live in legal abortion states spikes to 19%
As states' laws on subjects like abortion rights and gender-affirming care for children have changed in the last year, consumers take a harder stance this year on where they consider living
by Lillian Dickerson Sep 27
The pandemic-era home price boom has ended — and now we know when
Two major estimates of home prices now concur: The uninterrupted string of monthly increases came to an end this July, according to new data released Tuesday from CoreLogic and the FHFA
by Daniel Houston Sep 27
Should you invest in real estate in 2022 as a new investor?
How does real estate stack up to other investments as a hedge against inflation and a long-term plan for wealth-building?
by Jeff Roth Sep 27
New-home sales soar 28.8%
Sales of new single family homes clocked in at a seasonally adjusted annual rate of 685,000 in August, up from 532,000 in July, according to new US Census data released Tuesday
by Ben Verde Sep 27
Moody's says odds of recession have risen to 'uncomfortably high' 59.5%
Investors who fund mortgages are demanding unusually high premiums in comparison to government bonds, out of fears the loans they make now could quickly be refinanced if rates drop
by Matt Carter Sep 27
Homebuyers in these US cities are backing out of deals at a higher rate
Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest
by Ben Verde Sep 26
Agent Outlook: Life events will still drive home sales, you can hang your hat on it
Opinion
The market may be slowing in some areas, but it will not come to a complete halt. Eric Forney of Livian shares this week's market insights and says that life events will keep consumers buying
by Eric Forney Sep 26
Mortgage rates hit new 2022 high in bond market selloff
Investors fear ongoing moves by the Fed and other central banks to raise short-term interest rates to fight inflation could ultimately lead to a recession
by Matt Carter Sep 23
Bidding wars fall to lowest level of pandemic as mortgage rates inch up
Only 44.6 percent of offers written by Redfin agents in August faced competition, the lowest rate since April of 2020, according to new data released Friday
by Ben Verde Sep 23