The Real Word's predictions for the 2023 market
Opinion
This week, Byron Lazine and Nicole White are talking about the end-of-year Case-Schiller update, the Twitter account real estate agents should be following, the marketing trends that won't make it into 2023 and the pitfalls of quiet quitting
by Byron Lazine Dec 30
The 2023 housing market: A real estate 'reckoning is at hand'
Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won't change much while mortgage interest rates will continue to dip
by Andrea V. Brambila Dec 28
Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
Monthly payments drop $300 and some homebuyers wade back in
As home price growth has slowed, mortgage payments have decreased and days on market have risen, homebuyers dip their toes back into the market, according to a new report from Redfin
by Lillian Dickerson Dec 23
New-home sales continue modest rise — but market 'lull' lies ahead
New-home sales rose 5.8% to a seasonally adjusted rate of 640,000, according to data released Friday by the US Census Bureau and Department of Housing and Urban Development
by Ben Verde Dec 23
A sales uptick in 2023? Zillow's senior economist thinks it's likely
During a Connect Now session on Thursday, Zillow Senior Economist Dr. Orphe Divounguy predicted affordability will 'stabilize' in 2023, setting the stage for an increase in home sales
by Andrea V. Brambila Dec 15
Surveys show impact of mortgage 'lock-in effect' on seller psychology
Harris Poll: 71% of Americans would be hesitant to move due to economic uncertainty over concerns such as interest rates, inflation or a recession
by Matt Carter Dec 8
Homebuyer sentiment up slightly in November for first time in 9 months
Fannie Mae's National Housing Survey shows consumers remain concerned about factors, including the outlook for home price declines, mortgage rates and access to mortgage credit
by Matt Carter Dec 7
Home price declines leave 450,000 borrowers underwater
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor
by Matt Carter Dec 5
Pending sales fell in October for the fifth month in a row
Rising rates and nervous consumers have set up the housing market for its 'slowest fourth quarter in a decade,' according to one economist
by Jim Dalrymple II Dec 1
Keller Williams mortgage exec leaves after less than 2 years
Dave Smith joined Keller Williams in 2021. He presided over the firm's lending efforts during a period of increasing difficulty for the mortgage business
by Jim Dalrymple II Nov 30
Fannie and Freddie get green light to buy $1M mortgages
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $726,200 in most parts of the country
by Matt Carter Nov 29
Phoenix, Arizona
Median home price growth has slowed the fastest in Austin, Phoenix and San Jose, with fellow pandemic boomtowns Las Vegas and Boise also seeing significant slowdowns
by Ben Verde Nov 28
Fannie Mae economists see home sales bottoming next year
Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — 'will remain in a way that has not occurred in over 40 years,' economists say
by Matt Carter Nov 21
37% of real estate agents couldn’t pay rent in October
Rent delinquencies surged in October compared to one month prior as the housing market continues to struggle with high mortgage rates, according to a new survey
by Jim Dalrymple II Nov 17