Volumes

Real Estate Agent Meghan Carroll says, "Inventory levels are also still low, which is keeping the prices higher and making bidding wars commonplace here. So, it can be tough out there for some buyers–especially young, first-time buyers." Click through to read the full September 2023 Housing Report from RE/MAX.

"With a record number of new units coming onto the market driving rent prices down, those who may have given up hope of homeownership may be able to leverage more affordable rental options—including downsizing to a smaller unit or considering a roommate for the near term—to help build savings for a future home," said Jiayi Xu, Economist at Realtor.com.

Driven by the changes in office work schedules and questions about how companies will handle hybrid work schedules, here’s how much an MBA report is forecasting overall commercial and multifamily mortgage borrowing/lending to plummet once 2023 is done.

Redfin found that new home listings in September ticked upward, marking the largest increase recorded since February 2022. Click through to find how the overall market has been impacted.

Busy cities are abuzz with new apartment buildings, which are now going up at the fastest rate recorded in decades. This new report spotlights the regions where multifamily construction is surging to keep up with demand.

Busy cities are abuzz with new apartment buildings, which are now going up at the fastest rate recorded in decades. This new report spotlights the regions where multifamily construction is surging to keep up with demand.

Why did NAR Chief Economist Lawrence Yun state that "the Federal Reserve simply cannot keep raising interest rates”? Check out the latest housing market data breakdown from the Existing-Home Sales Report.

“Incoming data shows that the construction of new homes rebounded in September, but as rates keep rising, home builders appear to be losing confidence,” said Freddie Mac Chief Economist Sam Khater. Check out the data and further insights after the link.

As mortgage rates drive upward for the sixth consecutive week, overall application volume fell after a week of rebounding, falling to levels last seen 28 years ago.

NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal Reserve Board, designed to help ease mortgage affordability. Here’s what they propose.