Higher Mortgage Rates Translate into Smaller Homes for Buyers
A San Diego homebuyer with a $3,000 monthly budget can afford a 931-square-foot home at today’s 6.7% mortgage rates, down from the 1,366-square-foot home...
House Appreciation Gains Slow Down, Reports CoreLogic
Although U.S. home prices continued their 127-month run of consecutive annual gains in August, they slowed for the fourth straight month to 13.5%, according...
Home Prices Decline While Inventory Growth Stalls
The Data & Analytics division of Black Knight Inc. says the most recent data from the Black Knight Home Price Index shows that home...
Market Experiences Most Volatile Mortgage Rates in Over 30 Years
The typical house hunter who started searching in July and closed the deal on their new home in September saw their potential mortgage rate...
Month-Over-Month Numbers Show the Trend in Home Prices
The S&P CoreLogic Case-Shiller Indices for July 2022 show that home price gains decelerated across the U.S., with the seasonally adjusted U.S. National Index...
First American Numbers Show Over 50 Percent Rise in Real House Prices in One...
First American Financial Corp. has released the July 2022 First American Real House Price Index (RHPI), which shows real house prices increased 53.8% year...
Bidding-War Rate Falls to Lowest Level Since April 2020
Nationwide, 44.6% of home offers written by Redfin agents faced competition in August, the lowest bidding-war rate since the beginning of the pandemic when...
Luxury-Home Sales Experience Largest Decline in 10 Years, Reports Redfin
Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, according to a new report from Redfin....
Housing Market Experiences Small Drop for Existing-Home Sales in August
Existing-home sales experienced a slight dip in August, marking the seventh consecutive month of declines, according to the National Association of REALTORS. Month-over-month sales...
August 2022 Data Shows Housing Market Potential Increased for First Time in a Year
First American’s Potential Home Sales Model for August 2022 shows that potential existing-home sales increased to a 5.61 million seasonally adjusted annualized rate (SAAR),...
Housing Starts Jumped in August, But Single-Family Production is in a Slump
Housing starts jumped more than 12% in August compared with July - but most of the growth was in multifamily production, according to estimates...
High Rates Prompt Homeowners Locked into Lower Mortgage Rates to Remain Put
Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a...
Builder Confidence Continues to Decline for Ninth Consecutive Month
Builder confidence in the market for newly built single-family homes fell three points in September to 46, the lowest level since May 2014 with...
Home Values Continue Downward Decline in Previously Popular Areas, Zillow Reports
Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers, according to Zillow's latest market report. Affordability is driving...
All-Cash Offers Account for Nearly One-Third of Home Purchases, Redfin Finds
Nearly one-third (31.4%) of U.S. home purchases were paid for with all cash in July, near the eight-year high reached in February and up...
Homeowners Collectively Saw a $3.6 Trillion Home Equity Gain from Q2 2021 to 2022
CoreLogic’s Homeowner Equity Report (HER) for the second quarter of 2022 shows U.S. homeowners with mortgages (which account for roughly 63% of all properties)...
Black Knight: Median U.S. Home Price Fell For First Time in 11 Years in...
Due to rising mortgage rates and subsequent lack of buyer demand, the median price for a home in the U.S. fell for the first...
Fannie Mae Homebuying Metrics Reflect ‘Significant Volatility’
In August, the Fannie Mae Home Purchase Sentiment Index (HPSI) saw a decrease of 0.8 points to 62.0, its sixth consecutive monthly decline, as...
Home Price Growth Slows, Remains High at Nearly 16 Percent Year Over Year
The CoreLogic Home Price Index (HPI) and HPI Forecast for July 2022 show annual home price growth slowed for the third consecutive month in...
Sale-to-List Price Ratio Falls Below 100 Percent for First Time Since March 2021
The average home sold for less than its list price for the first time in over 17 months during the four-week period ending August...