Homebuyer sentiment tallies record low amid falling rates
Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances
by Matt Carter Dec 7
Hallelujah! Finally, some good news about the real estate market
You loved last week's good news on mortgage rates, and this week brought even more smiles to real estate agents and brokers
by Christy Murdock Dec 1
Homebuyers respond to biggest drop in mortgage rates this year
Purchase mortgage applications trended up last week for the first time in a month as mortgage rates retreated from 2023 highs, according to the MBA's weekly survey of lenders
by Matt Carter Nov 8
How long can home prices hold out? Here's how I see it
When will rising interest rates, low inventory and diminishing buyer hopes translate into falling home prices? Windermere Chief Economist Matthew Gardner weighs in
by Matthew Gardner Nov 1
Home values surge to new record as median prices climb to $350K
The median US home price rose to $350,000 in the third quarter, 2% higher than the previous record set just a quarter earlier, according to new data released Thursday by Attom
by Ben Verde Oct 19
Homes are no longer affordable for the average American, report says
Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250
by Taylor Anderson Sep 29
Serious mortgage delinquencies could bounce from 17-year low
Early-stage delinquencies have increased for 3 months in a row, suggesting that delinquency rates may be nearing a bottom, according to Black Knight's first look at August mortgage data
by Matt Carter Sep 25
2023 fall outlook: A cooler season roiled by homebuyer-seller friction
Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections
by Daniel Houston Sep 13
The 2023 fall housing market won't look anything like the 2022 market
Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market
by Daniel Houston Sep 13
Home values fell in 21 of the 50 largest US metros in August: Zillow
Home values are now 11.4% lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August, and there was a small inventory uptick
by Taylor Anderson Sep 13
Consumer homebuying sentiment has plateaued at 'pessimistic'
Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82% also said August was a bad time to buy, citing affordability concerns
by Matt Carter Sep 8
Redfin CEO says housing sales volume has hit 'rock bottom'
Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get
by Daniel Houston Aug 18
Gary Keller: A 'rolling recession' will hit the US housing market in 2024
Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a 'rolling recession' while predicting agents will survive treacherous economic terrain
by Marian McPherson Aug 15
US prices fell this spring, new data shows. Not that anybody noticed
Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most US markets, it didn't feel that way
by Daniel Houston Aug 10
Record number of Americans say it's a bad time to buy
A monthly survey by mortgage giant Fannie Mae finds 82% of consumers said July was a bad time to buy, a record in polling data going back to 2010
by Matt Carter Aug 8