Mortgage rates began to take a toll on price growth as early as this spring. But prices remained more resilient than other market indicators, according…
Posts published in “Markets & Economy”
Sales of new homes in June were at a seasonally adjusted rate of 590,000, according to the U.S. Census Bureau, 8 percent below the May…
Homes are still selling, but the ongoing market shift is giving homebuyers more and more leverage everyday, agents and economists told Inman this week. Source:…
U.S. homes, on average, spent 19 days on the market during the four weeks ending July 17, a full day longer than the same period…
In the month of June, just under 50 percent of home offers written by its agents faced competition on a seasonally-adjusted basis, the lowest rate…
Sales of existing homes ticked down 5.4 percent between May and June, falling 14.2 percent from a year ago, as median prices rose to $416,000,…
Decline in purchase applications aligns with slower homebuilding activity due to reduced buyer traffic and ongoing building material shortages, according to the Mortgage Bankers Association. …
Although the Fed’s move to calm the market is a step in the right direction, it may not ultimately have much effect on affordability. Anthony…
Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75 percent more on the typical mortgage payments than in 2019, according…