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 share of home sellers dropped their asking price in July, particularly in pandemic boomtowns, as they struggled to match their expectations with the reality of the cooling housing market. Nearly […]
70% of Boise Home Sellers Dropped Their Asking Price in July Read More »
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 the slowing housing market in different ways. Some took advantage of cooling competition and elevated rental demand, while others pressed pause in hopes of lower prices and more economic certainty
Investor Home Purchases Plateau But Remain Well Above Pre-Pandemic Levels Read More »
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 more than two years. Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% of homes that went under contract that month. That’s the highest percentage on record
San Diego and Portland, Maine are picking up in popularity with out-of-town buyers, while movement into Miami, Sacramento and Phoenix is slowing. Plus, fewer homebuyers are leaving San Francisco than a year ago. The share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to
The Share of Homebuyers Looking to Relocate Jumped to New Record in July Read More »
A dearth of buyers and relatively few new listings are leading to an uptick in homes sitting on the market longer than a month. It’s giving buyers some breathing room while frustrating sellers. The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from
A Growing Share of Home Listings Are Stale As Market Cools Read More »
Homebuyer incomes soared in pandemic boomtowns like Boise, Austin and parts of Florida, largely due to remote workers moving in from pricey job centers. Housing markets in many of those places are now slowing down. The typical Boise homebuyer earned $98,000 in 2021, up 24.1% from 2019. That’s the biggest homebuyer income increase of the
The Typical Income of a Boise Homebuyer is 24% Higher Than Before the Pandemic Read More »
