Data

Realtor.com reports that home price growth is expected to ease in the weeks ahead, pointing toward a rebalancing of market conditions.

Prices grew at an annualized rate of over 19% last quarter, further pressuring homeseekers to make every penny count.

Mortgage application volume fell slightly week-over-week, even as rates fell sharply amid fears of a worsening economic outlook.

Among renters and non-homeowners, many believe that the once-standard down payment of 20% is a rule, not a recommendation, on the path to homeownership.

The number of contract volume and new net listings experienced the largest decrease since June 2020, while the share of price drops increased 132% overall year-over-year.

Redfin reports that San Jose, Oakland, and San Francisco are among the fastest-cooling housing markets nationwide, as mortgage rates remain above 5%, pricing many potential buyers out of the market.

Changes in how the commissions of real estate agents are paid could affect the most at-risk buyers first, according to a new report.

Asking rents may have risen 14% YoY in June, but Redfin reports a slowdown in rent growth as landlords respond to a tightening in tenant budgets spurred by inflationary concerns.

A new NAR survey found that 57% of agents reported a lack of inventory as a critical factor in their potential clients from making a purchase.

Mortgage credit availability fell slightly in June, according to the MBA, as mortgage rates reacted to the Fed’s actions in raising the nominal interest rate to curb inflation.