Homebuying Competition Continues to Cool Down, Realtor.com Reports
The U.S. housing market offered buyers more breathing room to make decisions in August, with the first year-over-year increase in time on market (+5...
Case-Shiller: U.S. Home Prices Are ‘Clearly Increasing at a Slower Rate’
U.S. home prices increased 0.3% on an adjusted basis in June compared with May and were up 18% compared with June 2021, according to...
House Prices Increased 4 Percent Since Q1 2022, FHFA Reports
U.S. house prices rose 17.7% from the second quarter of 2021 to the second quarter of 2022 according to the Federal Housing Finance Agency...
Market More Balanced with Recent Sellers Accepting Buyer-Friendly Terms
According to a new Realtor.com survey, 92% of people who sold their home within the last year accepted some buyer-friendly terms and 41% accepted...
RHPI Increases Over 50 Percent Year Over Year, First American Reports
First American Financial Corp.’s June 2022 First American Real House Price Index (RHPI) shows that real house prices increased 53.3% between June 2021 and...
New August Listings Drop 15 Percent from 2021 to 2022 with Fluctuating Prices, Rates
New listings of homes for sale fell 15% year over year in the four weeks ending August 21, the biggest annual decline since the...
ATTOM Report Shows Refinance Activity Dropped by Double Digits in Q2 2022
ATTOM’s Q2 2022 U.S. Residential Property Mortgage Origination Report shows that 2.39 million mortgages secured by residential property (1-4 units) were originated in the...
Median Mortgage Payments Decrease, Affordability Improves in 47 States
Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893...
Fixed-Rate Mortgage Rate Averages Climb Slightly, Freddie Mac Reports
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.55% with an average 0.8 point as of...
Pending Home Sales Continued to Slow in July
Pending home sales dipped 1.0% in July compared with June and were down 19.9% compared with July 2021, according to the National Association of...
New Home Sales Fell to a Six-Year Low in July
New home sales fell to the slowest pace in more than six years in July, due to higher mortgage interest rates and lack of...
Housing Supply Reaches Balancing Point with Decreasing Listings, Buying
The housing market slowdown is starting to slow down, according to a new report from Redfin. Fewer homeowners are listing their homes due to...
First American Reports Potential Existing-Home Sales Dropped to 5.45 Million
First American's Potential Home Sales Model for July 2022 shows that potential existing-home sales decreased to a 5.45 million seasonally adjusted annualized rate (SAAR),...
Housing Starts Dropped in July as Buyer Demand Waned
Housing starts fell off a cliff in July as demand from homebuyers waned in light of higher mortgage interest rates. In addition, builder confidence...
Zillow Finds Homes in Lower Price Range Drawing Stronger Competition
As home-buying demand cools from the record pace of 2021, competition is now hottest for the lowest-priced homes as mounting affordability obstacles stretch buyers'...
July Figures Show a New Record for Share of Homebuyers Seeking to Relocate
The share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to more affordable...
NAR Reports 80 Percent of Metro Areas Showed Double-Digit Price Gains in Q2 2022
Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, a greater number of markets experienced double-digit annual price gains...
Increasing Share of Home Listings Sit on the Market for Longer, Redfin Finds
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 year...
Strong Jobs Report in July as Housing Market Slowed
The U.S. economy added 528,000 jobs in July - much stronger than expected - while the unemployment rate edged down to 3.5%, according to...
Homebuyers Slowly Return to Market with Falling Mortgage Rates, Redfin Reports
More homebuyers are returning to the market, motivated by a decline in mortgage rates and a record share of listings with price drops, according...