From Our CEO
Pending Home Sales Post Record Drop in October as Deal Cancellations, Price Cuts Hit Record High
The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and
Housing Market Update: The Fastest Mortgage-Rate Drop in 40 Years Saves Homebuyers $100 Per Month
Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers. The largest weekly drop in
Rental Market Tracker: Rents Rose 7.8% in October—Slowest Growth in 14 Months
Eleven major U.S. metros saw rents decline, with the largest drops in Milwaukee, Minneapolis and Baltimore. The median U.S. asking rent in October rose 7.8%
Homebuyers Need $107,000 Annually to Afford the Typical U.S. Home–Up 46% From a Year Ago
Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage rates
Housing Market Update: Annual Home Price Growth Slows to 3%
Inflation has begun to slow, which is already helping bring daily mortgage rates down. However, a longer trend of lower inflation is needed for sustained
Pandemic Boomtowns Phoenix and Miami Have Among the Highest Inflation Rates in the U.S.
The inflation rate in Phoenix, which attracted scores of out-of-town homebuyers during the pandemic, is more than double the inflation rate in the Bay Area,
Pending Home Sales Post Record Drop in October as Deal Cancellations, Price Cuts Hit Record High
The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and
Housing Market Update: The Fastest Mortgage-Rate Drop in 40 Years Saves Homebuyers $100 Per Month
Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers. The largest weekly drop in
Rental Market Tracker: Rents Rose 7.8% in October—Slowest Growth in 14 Months
Eleven major U.S. metros saw rents decline, with the largest drops in Milwaukee, Minneapolis and Baltimore. The median U.S. asking rent in October rose 7.8%
Homebuyers Need $107,000 Annually to Afford the Typical U.S. Home–Up 46% From a Year Ago
Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage rates
Housing Market Update: Annual Home Price Growth Slows to 3%
Inflation has begun to slow, which is already helping bring daily mortgage rates down. However, a longer trend of lower inflation is needed for sustained
Pandemic Boomtowns Phoenix and Miami Have Among the Highest Inflation Rates in the U.S.
The inflation rate in Phoenix, which attracted scores of out-of-town homebuyers during the pandemic, is more than double the inflation rate in the Bay Area,
