According to a new study by the American Enterprise Institute's Housing Center, all of the 60 largest metros analyzed experienced significant declines in home prices in November, marking the end of the longest home price boom on record.
Read More »Where Americans Moved in 2022
Southern states are seeing an influx of movers, according to North American Van Lines' 2022 Annual Migration Map, with many Americans migrating to find increased affordability, better quality of life, and lower income taxes.
Read More »New Listings Remain Low Amid Rising Rates, Home Prices
The supply of homes for sale posted a record year-over-year increase in December, according to new data from Redfin's Homebuyer Demand Index, which showed an increasing rise in demand despite many homes lingering on the market due to rising mortgage rates.
Read More »Pending Home Sales Decreased for Sixth Consecutive Month in November
According to said NAR Chief Economist Lawrence Yun, “Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates, which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home.”
Read More »Rate Drops Fuel Uptick in House Hunting
According to a new report from Redfin, some homebuyers are resuming their search as home prices and mortgage rates dip.
Read More »Mortgage App Payments Slipped Nearly 2% in November
According to a new report from the Mortgage Bankers Association, mortgage payments have increased by 42.9% in the first eleven months of the year.
Read More »CFPB Survey Reveals Household Financial Health Is Declining
With housing affordability remaining an issue nationwide, the CFPB's Making Ends Meet report—an annual survey of consumer financial health—shows many downtrends in consumers’ ability to repay their debts.
Read More »Existing Home Sales Dip for 10th Consecutive Month
While the market continues to moderate, existing home sales slipped nearly 8% from October and 35.4% from the previous year, according to the National Association of Realtors.
Read More »New Listings, Home Sales Dip as Prices Moderate
Reaching their lowest point of the year, new listings dropped 21.4% from October, while home sellers also saw median sales price slip, though numbers remain nearly 4% higher than November 2021.
Read More »Home Purchase Mortgage Apps Drop in November
According to new MBA Builder Application Survey data for November 2022, findings show mortgage applications for new home purchases decreased an estimated 25% compared to a year ago.
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