Affordability

As the share of first-time buyers rebounds to pre-pandemic levels, Zillow analysts have determined the metros with the most favorable purchasing conditions.

For the first time in nine months, the MBA reports that mortgage credit availability increased in November, driven by a spike in the interest of ARM loans amid a declining rate environment.

According to Realtor.com, there are still relative housing bargains to be had if you look in the right place. This new report highlights some of the areas slated to see the strongest growth in the coming year.

Despite a minuscule rise in home-purchase sentiment for the month of November, Fannie Mae’s survey finds near-record pessimism and predicts slow sales heading into 2023.

“Following the recent mortgage rate surge above 7%, real estate activity and consumer sentiment regarding the housing market took a nosedive,” said Selma Hepp, Interim Lead of the Office of the Chief Economist at CoreLogic.

Are rising mortgage rates still holding back prospective buyers? Click through to find out more on the latest in the buyer’s market.

A majority of Americans fear rising mortgage rates and a lack of affordable housing could spark a market crash that could equal the 2008 downturn.

“There have been a handful of pieces of relatively good news for the housing market lately, but we’re far from out of the woods,” said Taylor Marr, Redfin’s Deputy Chief Economist.

A recent House Financial Services Committee hearing featured testimony from a number of housing experts who weighed in on the topic housing supply shortfalls and offered possible solutions.

Redfin is reporting that a record number of sellers are taking their properties off the market. Click through to find out how many sellers are taking this route.