The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year
Listings and pending sales hit the highest level in roughly a year, according to a new report from Redfin. Still, a record number of contracts were canceled
Two closely watched forecasts agree that mortgage rates have probably peaked, but the MBA and Fannie Mae diverge sharply on how quickly they'll come down over the next 2 years
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
Fannie Mae researchers say rising mortgage rates aren't the only reason homeowners have been reluctant to sell, and that a decline in rates won't necessarily produce a flood of for-sale listings
Home sales fell 2% between August and September and retreated 15.4% from a year ago as prices and interest rates climbed
Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports
Fed's ‘higher for longer’ rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts by MBA, Fannie Mae
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
MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing
As mortgage rates hit new post-pandemic highs on inflation worries, MBA survey finds purchase loan demand down 5% week over week and 30% from a year ago
Unburdened by rate lock, the share of first-time homebuyers rose to 50% this year, according to a new report from Zillow. That's the highest share since 2010
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
Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages
In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets