Housing Market News
Housing Market Update: U.S. Home Prices Rise For the First Time in Nearly Five Months
Elevated mortgage rates are cutting into homebuyers’ budgets; a buyer on a $3,000 monthly housing budget has lost $30,000 in purchasing power over the last
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
