From Our CEO
70% of Boise Home Sellers Dropped Their Asking Price in July
Home sellers in pandemic homebuying boomtowns like Boise, Salt Lake City and Sacramento increasingly dropped prices as buyers backed out of the market. A high
July Home Sales Dropped 19% Year Over Year to Lowest Level Since Mid-2020
Buyers backed off amid high mortgage rates and economic uncertainty. New listings were also down, with some prospective sellers staying put as price growth slowed.
Rental Market Tracker: Growth in U.S. Asking Rents Slows for Second-Straight Month
The 12% increase in July was the smallest since September of last year.
Housing Market Update: Slowdown Starts to Ease as Drop in New Listings Hampers Supply
A number of metrics that reflect a cooling market are now leveling off—among them, housing supply and the share of sellers slashing their list prices—as
Investor Home Purchases Plateau But Remain Well Above Pre-Pandemic Levels
Investors scooped up more homes in the second quarter than before the pandemic, but purchases leveled off from their 2021 peak as investors reacted to
Homebuyers Are Increasingly Backing Out of Deals as Slowing Market Boosts Negotiating Power
About 63,000 home-purchase agreements were called off in July, equal to 16% of homes that went under contract that month. That’s the highest rate in
70% of Boise Home Sellers Dropped Their Asking Price in July
Home sellers in pandemic homebuying boomtowns like Boise, Salt Lake City and Sacramento increasingly dropped prices as buyers backed out of the market. A high
July Home Sales Dropped 19% Year Over Year to Lowest Level Since Mid-2020
Buyers backed off amid high mortgage rates and economic uncertainty. New listings were also down, with some prospective sellers staying put as price growth slowed.
Rental Market Tracker: Growth in U.S. Asking Rents Slows for Second-Straight Month
The 12% increase in July was the smallest since September of last year.
Housing Market Update: Slowdown Starts to Ease as Drop in New Listings Hampers Supply
A number of metrics that reflect a cooling market are now leveling off—among them, housing supply and the share of sellers slashing their list prices—as
Investor Home Purchases Plateau But Remain Well Above Pre-Pandemic Levels
Investors scooped up more homes in the second quarter than before the pandemic, but purchases leveled off from their 2021 peak as investors reacted to
Homebuyers Are Increasingly Backing Out of Deals as Slowing Market Boosts Negotiating Power
About 63,000 home-purchase agreements were called off in July, equal to 16% of homes that went under contract that month. That’s the highest rate in
