Housing Market News
Housing Market Update: The Average U.S. Home Is Selling Above Its Asking Price For the First Time in Nearly a Year
This is the first time since last August the average sale-to-list price ratio has surpassed 100%. Low inventory and steady demand are buoying home prices.
Housing Market Update: The Typical U.S. Home Is Selling For Just $4,000 Less Than Last Year’s All-Time High
The median U.S. home-sale price is down just 0.9% year over year, the smallest decline in nearly four months. That’s due to a lack of
Housing Market Update: The Spring Homebuying Season That Never Happened
Near-7% mortgage rates are preventing both would-be homebuyers and would-be sellers from entering the market. But even though the spring buying season ended with a
Housing Market Update: There Are Nearly 40% Fewer Homes For Sale Than Pre-Pandemic
Inventory has posted its biggest decline in over a year, with homeowners hanging onto their comparatively low mortgage rates. That trend will probably persist, as
Housing Market Update: Supply Shortage Worsens, Propping Up Prices, As Near-7% Mortgage Rates Handcuff Homeowners
New listings have hit their lowest level of any early June on record, limiting home sales and keeping prices afloat. But many buyers are still
Housing Market Update: Mortgage Rates Are Up, Home Sales Are Down, Prices Are Resilient
Mortgage rates hitting a 7-month high and limited listings are sidelining homebuyers, but many are ready to pounce when rates decline and more homes hit